Feeds

Fusion-io backers to get rich(er)

One BEEELLION dollars... On day one!

Top three mobile application threats

Fusion-io could capitalise on the flash flood to become a billion dollar company on its first day as a public company.

It aims to sell shares on its IPO day for $13 to $15, and that would capitalise the company at up to $1.17bn, according to Bloomberg.

With Fusion selling 10.8 million shares, it hopes to raise up to $212m, $62m more than the $150m mooted when the IPO was first filed in March.

The company has raised around £110m in venture capital and it became profitable in the first quarter of this year, with net income of $7.04m, contrasting with a loss of $6.71m a year ago. Its customer base is quite narrow, so predicting future sales is consequently difficult. There are a number of competitors bringing roughly similar PCIe-connected server flash storage products to the market and it will be interesting to see if Fusion-io can hold on its leading position. ®

High performance access to file storage

More from The Register

next story
This time it's 'Personal': new Office 365 sub covers just two devices
Redmond also brings Office into Google's back yard
Kingston DataTraveler MicroDuo: Turn your phone into a 72GB beast
USB-usiness in the front, micro-USB party in the back
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Inside the Hekaton: SQL Server 2014's database engine deconstructed
Nadella's database sqares the circle of cheap memory vs speed
BOFH: Oh DO tell us what you think. *CLICK*
$%%&amp Oh dear, we've been cut *CLICK* Well hello *CLICK* You're breaking up...
Just what could be inside Dropbox's new 'Home For Life'?
Biz apps, messaging, photos, email, more storage – sorry, did you think there would be cake?
IT bods: How long does it take YOU to train up on new tech?
I'll leave my arrays to do the hard work, if you don't mind
Amazon reveals its Google-killing 'R3' server instances
A mega-memory instance that never forgets
prev story

Whitepapers

Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
SANS - Survey on application security programs
In this whitepaper learn about the state of application security programs and practices of 488 surveyed respondents, and discover how mature and effective these programs are.