Samsung acquires Nvelo, maker of SSD tech

The Korean firm announced the purchase of Santa Clara, Calif.-based Nvelo on Friday. The company develops next-generation SSD storage solutions, and works to manage and optimize the use of solid state drives within subsystems. This kind of "SSD caching" is used in both consumer and enterprise platforms, increasing the speed of retrieving data in a number of devices, including desktops and smartphones, from both hard drives and SSDs."The acquisition of Nvelo will enable us to extend our ability to provide SSD related storage solutions to customers. We are pleased with this transaction as the employees of Nvelo share our vision to take SSD storage into the next-generation of performance and reliability," said Young-Hyun Jun, executive vice president of Flash product & technology, Device Solutions, Samsung Electronics.