SanDisk Completes Acquisition of msystems
msystems acquisition by SanDisk joins together two flash memory leaders with complementary products, customers and channels. Together the combined company will have the people, technology, manufacturing and IP to play a leading role in creating new markets and accelerating the penetration of flash memory into existing storage applications.
Over the past 18 years, SanDisk and msystems have been leading innovators in the flash storage market. SanDisk has a history of technical innovation, creating new market categories, world-class manufacturing capabilities, and leading market share in the retail channel. msystems is a leader in flash memory systems addressing mobile, portable and embedded markets and has a strong team, significant IP and important OEM customers. Both companies are noted for their relentless innovation and this acquisition is intended to further accelerate the pace of innovation.
In the near term, this transaction better positions SanDisk to serve the expanding storage needs of handset manufacturers and mobile network operators. In the long term, the acquisition will be a catalyst in the development of next generation flash enabled consumer applications. SanDisk is fully committed to serving msystems OEM customers.