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MILPITAS, Calif., June 26, 2012 - SanDisk Corporation (NASDAQ: SNDK), a global leader in flash memory storage solutions, today announced the acquisition of Schooner Information Technology, Inc., an enterprise software company located in Silicon Valley that develops flash-optimized database and data store solutions. Schooner's products complement SanDisk's growing portfolio of enterprise solid state disk (SSD) and flash-optimized software offerings that enable customers to accelerate the performance of data-intensive applications and reduce overall cost of ownership. Schooner's team of database and flash optimization experts have joined SanDisk's Enterprise Storage Solutions (ESS) team. Schooner's products will be optimized for SanDisk's enterprise SSD portfolio as well as for enterprise SSDs from third parties.
Schooner's products are currently deployed by U.S. and international customers, including several Fortune 500 companies. Designed to fill the gap between stock do-it-yourself open source solutions and expensive high-end database deployments, Schooner's products deliver enterprise-grade performance, powering data center consolidation at a lower cost. Engineered for flash acceleration and enhanced with enterprise features, Schooner's products deliver up to five times the throughput of competing configurations. In addition, they deliver near in-memory response times to mission critical applications along with enterprise-grade replication and failover capabilities. In-memory database solutions are enabling breakthroughs in database and Business Intelligence applications that are only possible with solid state memories. Schooner's ability to combine DRAM and flash memory seamlessly in a single solution offers near DRAM performance at a lower cost.
"Schooner's products illustrate the benefits software developers and their customers can gain through flash optimization of enterprise solutions," said Greg Goelz, vice president and general manager of the Enterprise Storage Solutions division at SanDisk."Schooner represents another step in SanDisk's expansion in the enterprise space. We welcome the Schooner team to the SanDisk family."
The terms of the transaction were not disclosed.
About Schooner Information Technology Schooner Information Technology delivers cost-effective, enterprise-grade software solutions engineered for flash memory. These solutions free customers from the traditional tradeoffs between availability, performance and total cost of ownership. Schooner products support a variety of customers across the technology, entertainment, financial services and telecommunications industries.
About SanDisk SanDisk Corporation (NASDAQ: SNDK) is a global leader in flash memory storage solutions, from research and development, product design and manufacturing to branding and distribution for OEM and retail channels. Since 1988, SanDisk's innovations in flash memory and storage system technologies have provided customers with new and transformational digital experiences. SanDisk's diverse product portfolio includes flash memory cards and embedded solutions used in smart phones, tablets, digital cameras, camcorders, digital media players and other consumer electronic devices, as well as USB flash drives and solid state drives for the computing market. SanDisk's products are used by consumers and enterprise customers around the world.
SanDisk is a Silicon Valley-based S&P 500 and Fortune 500 company, with more than half its sales outside the United States. For more information, visit www.sandisk.com.
© 2012 SanDisk Corporation. All rights reserved. SanDisk and the SanDisk logo are trademarks of SanDisk Corporation, registered in the United States and other countries. Other brand names mentioned herein are for identification purposes only and may be the trademarks of their respective holder(s).
This press release contains certain forward-looking statements, including market expectations for adoption of products incorporating Schooner Information Technology's software solutions and our enterprise SSD products, the expected benefits and competitive advantages of the acquisition and new products, and the expected impact on SanDisk's SSD solutions, which are based on our current expectations and involve numerous risks and uncertainties that may cause these forward-looking statements to be inaccurate. Risks that may cause these forward-looking statements to be inaccurate include among others: the market demand for our SSD products and customer relationships, including products incorporating Schooner's solutions, may grow more slowly than our expectations; competitive products may have better features, may be easier to operate or may be available at a lower cost, which could enable these products to achieve better customer acceptance than our products; our products and those incorporating Schooner's solutions may not perform as expected; there may be delays in the effective integration of Schooner's business, intellectual property, personnel and technologies and such integration may disrupt our ongoing business, distract our management and employees, harm our reputation and increase our expenses; there may be one-time charges, increased contingent liabilities, adverse tax consequences or impairment of intangible assets or goodwill, which could harm our results of operations; and the other risks detailed from time-to-time under the caption "Risk Factors" and elsewhere in our Securities and Exchange Commission filings and reports, including, but not limited to, our most recent quarterly report on Form 10-Q and our annual report on Form 10-K. We do not intend to update the information contained in this press release.
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