M&A Deal Summary

Violin Systems Acquires X-IO Storage

On October 16, 2018, Violin Systems acquired information technology company X-IO Storage from X-IO Technologies

Acquisition Highlights
  • This is Violin Systems’ 1st transaction in the Information Technology sector.
  • This is Violin Systems’ 1st transaction in the United States.
  • This is Violin Systems’ 1st transaction in Colorado.

M&A Deal Summary

Date 2018-10-16
Target X-IO Storage
Sector Information Technology
Buyer(s) Violin Systems
Sellers(s) X-IO Technologies
Deal Type Divestiture

Target

X-IO Storage

Colorado Springs, Colorado, United States
X-IO Storage focused on developing Intelligent Storage Element (ISE) flash and hybrid storage array product lines.

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Buyer(S) 1

Buyer

Violin Systems

Colorado Springs, Colorado, United States

Category Company
Founded 2005
Sector Information Technology
DESCRIPTION

Violin Systems LLC provides extreme-performance enterprise storage for customers to maximize the value of their business-critical data. The company offers IOPs with the lowest latency plus extensive data services, including data protection, business continuity, and data reduction, Violin solutions enable businesses to improve their application performance and reliability while raising business service levels. Violin Systems was formed in 2005 and is based in Colorado Springs, Colorado.


DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Colorado M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2018 M&A 1 of 1

Seller(S) 1

SELLER

X-IO Technologies

Colorado Springs, Colorado, United States

Category Company
Founded 2002
Sector Information Technology
DESCRIPTION

X-IO Technologies is an innovator in advanced data storage systems and edge computing micro cloud and micro data center solutions. X-IO Technologies was formed in 2002 and is based in Colorado Springs, Colorado.


DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Colorado M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2018 M&A 1 of 1