SanDisk Acquires Pliant Technology For $327 Million

Posted May 17, 2011

SanDisk Corporation (NASDAQ:SNDK) has acquired Pliant Technology for $327 million in cash and equity based incentives. Pliant is a developed of solid state drives (SSD). ?Flash memory is making significant inroads into the enterprise by dramatically increasing application performance and reducing power consumption,? stated SanDisk president and CEO Sanjay Mehrotra. ?We believe that the combination of Pliant?s innovative technology and enterprise-level system expertise with SanDisk?s high-quality, large-scale MLC memory production is a winning value proposition for customers. Our advanced flash technology roadmap and flash management capability will complement Pliant?s strengths and allow us to lead the way in reliability and performance in the Enterprise SSD market.?