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Fusion-IO Pops 9% on Deal with Cisco

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Shares of Fusion-IO (NYSE: FIO) are gaining strength during Tuesday's trading session. Over 9% at one point, after the company announced a deal with Cisco (NASDAQ: CSCO).

The companies announced that they have entered into an original equipment manufacturer relationship.

Through the new relationship, Fusion ioMemory will be architected into the Cisco Unified Computing System Server to amplify in-server performance in all UCS B-series blade servers.

"The next wave of enterprise IT will be driven by productivity. In addition to demanding lower IT costs, customers also require elevated performance and flexibility. Cisco UCS is meeting these customer requirements through an innovative approach to computing systems," said Paul Perez, Chief Technology Officer, Data Center Group at Cisco.

"We are developing the next generation of fabric computing and customers recognize Fusion-io as a market leader in flash technology for the enterprise. With its strong track record of reliability and unique cut-through architecture, Fusion ioMemory will amplify the power of Cisco UCS Blade Servers to provide scalable application acceleration for Cisco customers."

Currently, shares of Fusion-IO are trading up about 2% at $18.00 per share.

Posted-In: News Contracts Intraday Update Movers

 

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