Feeds

Fusion-io secretly parts with CEO

Oh, and there's an HP pact

Intelligent flash storage arrays

Updated Fusion-io has signed a great deal for HP to OEM its flash memory card acceleration technology. And it has lost Don Basile, its CEO, in a bizarre conjunction of events.

Fusion-io was founded three years ago and has developed the ioDrive, a PCI-e-connected NAND flash memory card that acts as a large cache between a server's main memory and disk. It was used in IBM's Project Quicksilver with a large number of ioDrives connected to a SAN Volume Controller (SVC) and attained a million IOs per second.

HP has decided to use the technology as an accelerator for its BladeSystem. Fusion-io had just signed the OEM deal with HP and then found HP wanted a quote in the release from David Bradford, the new CEO. He has been quietly promoted from Fusion-io's General Counsel to CEO within the last four weeks. Bradford had previously worked at Novell, reporting to Eric Schmidt when he was Novell's CEO, and was ironically brought into Fusion-io in 2008 by the then-CEO Don Basile, the man he has now replaced.

It turns out, according to Fuson-io's chef marketing officer Rick White, that it was David Bradford who met Apple co-founder Steve Wozniak at a conference and brought him into the company and persuaded him to become its chief scientist. According to an article in Fortune magazine, the credit for this was due to Don Basile. White said that it made Basile uncomfortable but the thing was written: "and what could you do?"

Basile is credited with performing a great role at Fusion-io, taking it on in March 2008, after an A round of funding, and forward from that to the B funding round stage with the promise of great growth. Bradford says the board recognised that it needed someone "with industry grey hairs" to take the company ahead for the next two or three years, a possible IPO, and on for the long term. Because of his wide industry network and experience, he was chosen. White said the change had been planned for a while. A disagreement over growth projections was mentioned by another source at the company.

The formal announcement of the CEO change was scheduled for the B funding round announcement in about six weeks time. For now, the company isn't willing to specify what Basile's new responsibilities, if any, will be. He is a major shareholder in the company, but apart from some kind of consulting role, it looks as if he will have no involvement at all.

White said: "It's not exciting. This isn't uncommon in start-ups. It happens all the time, often around B round time. There's no big secret, nothing exciting. It's pretty boring."

The B round is said to be looking good. White said the old investors will be pleased and the new ones are confident that the company has high growth ahead of it. Bradford said he thought every corporation in the country could use Fusion-io technology. The opportunity is that horizontal: "Were building for the long term. I'm personally very excited by the opportunity. It's going to be a blast."

We might think that slipping the name of a new CEO into a major press release one month after the old one has been publicly but wrongly credited with persuading Steve Wozniak to be chief scientist, a major publicity coup, and hoping that no-one would notice is a very strange thing to do.

Fusion-io has persuaded Basile to resign or forced him out on the cusp of the company going into a increased growth phase, crossing its fingers and persuading itself that nobody would notice and that even if they did, it's just not that exciting. Sorry guys, it's not boring, not even remotely boring. It's a total surprise, both that it happened and in the way it has happened. It looks as if Basile has simply been set aside and rejected. If that is so, then surely he deserves better treatment. ®

Choosing a cloud hosting partner with confidence

More from The Register

next story
The cloud that goes puff: Seagate Central home NAS woes
4TB of home storage is great, until you wake up to a dead device
Azure TITSUP caused by INFINITE LOOP
Fat fingered geo-block kept Aussies in the dark
You think the CLOUD's insecure? It's BETTER than UK.GOV's DATA CENTRES
We don't even know where some of them ARE – Maude
Intel offers ingenious piece of 10TB 3D NAND chippery
The race for next generation flash capacity now on
Want to STUFF Facebook with blatant ADVERTISING? Fine! But you must PAY
Pony up or push off, Zuck tells social marketeers
Oi, Europe! Tell US feds to GTFO of our servers, say Microsoft and pals
By writing a really angry letter about how it's harming our cloud business, ta
SAVE ME, NASA system builder, from my DEAD WORKSTATION
Anal-retentive hardware nerd in paws-on workstation crisis
prev story

Whitepapers

Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Protecting against web application threats using SSL
SSL encryption can protect server‐to‐server communications, client devices, cloud resources, and other endpoints in order to help prevent the risk of data loss and losing customer trust.
Top 5 reasons to deploy VMware with Tegile
Data demand and the rise of virtualization is challenging IT teams to deliver storage performance, scalability and capacity that can keep up, while maximizing efficiency.