Thursday, March 10, 2011

Fusion-io IPO filing discloses list of prestigious clients, led by Facebook

Source: http://www.engadget.com/2011/03/10/fusion-io-files-for-ipo-discloses-list-of-prestigious-clients/

Before last week, we'd gone well over a year without discussing solid state storage purveyors Fusion-io -- and their extremely expensive and expeditious flash drives -- but things seem to have been ticking along just fine behind the scenes. While the company's unlikely to have sold many ioDrives to good old Joe Consumer, its upcoming IPO application features an impressive list of corporate clients, highlighted by Facebook, its biggest customer, IBM, HP, and Credit Suisse -- the latter using Fusion-io technology to speed up the mathematical alchemy of making money where there was none before. Taken together with strategic investments from Samsung and Dell, these deals paint a rosy outlook for the Woz-employing startup, however it's worth noting that profitability is still a decent way away. Fusion-io's rapid growth is costing it more than it's making at the moment, which is most likely to have catalyzed its current decision to go public and collect its biggest round of investments yet. Let's hope the investor prospectus includes a forecast for when things like the ioXtreme might actually become affordable to non-millionaires, eh?

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Fusion- io IPO filing discloses list of prestigious clients, led by Facebook originally appeared on Engadget on Thu, 10 Mar 2011 05:25:00 EDT. Please see our terms for use of feeds.

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