Violin Memory Up, Named 'Gold Partner' By Oracle

Violin Memory VMEM gained as much as two percent Monday after the company was named a "Gold Partner" by Oracle ORCL.

Violin, which went public last year, saw its storage array products certified by Oracle in September. The status enables customers using Oracle products in conjunction with Violin technology to obtained joint support.

Violin shares, although nowhere near its opening price of $7, are up nearly 33 percent in the past month.

Earlier in June, the company unveiled a strategic partnership with privately held Tata Technologies which will integrate Violin products into its offerings. Violin also announced a reseller agreement with Portugal-based NOESIS.

Its new, non-executive chairman, Richard Nottenburg was named to the post effective June 9.

Violin traded recently at $4.33, up 1.17 percent.