SanDisk acquires SMART Storage Systems for $307 million
SanDisk said Tuesday it will acquire SMART Storage Systems, a privately held solid state enterprise storage player, for $307 million as the company beefs up its efforts to grab data center market share.
SMART focuses on enterprise solid state drives and is owned by Silver Lake Partners. SMART’s product portfolio is geared to the enterprise, cloud deployments and defense and industrial industries.
The transaction, which is expected to close in August, has been approved by all stakeholders.