Anuradha ShettyMay 17, 2011 11:38:10 IST
It’s official now. Leading Solid-State Drives (SSD) developer, Pliant Technology has been acquired by popular supplier of NAND flash-based drives, SanDisk Corp. Cementing an agreement stating the same, SanDisk will have to pay approximately $327 million in cash and also provide some equity-based incentives.
Looking at brighter opportunities
SanDisk has, over the years, established itself as a reliable brand for better performance and power saving solutions. Pliant Technology, too, has been making quite a name for itself in the enterprise Solid-State Drives (SSD) space.
Analysts believe that this acquisition would mean the best qualities from both brands coming together and lend their expertise to the consumers. At present, the SSD space is showing great potential for growth. So much so, that by 2015, the revenue is projected to reach $4.2 billion, a growth rate that will further be propelled by this acquisition.
Source: Xbit laboratories.
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