News | February 18, 2014

Violin Memory Announces Distribution Agreement With SYNNEX Corporation

SANTA CLARA, CALIF.--(BUSINESS WIRE)--

Violin Memory®, Inc., (NYSE:VMEM), a leader in persistent memory-based storage solutions, today announced that SYNNEX Corporation (NYSE:SNX), a leading distributor of IT products and services, has added Violin solutions to its storage portfolio to equip solution providers in the United States and Canada with best-of-breed flash-based storage solutions to meet the new challenges presented by massive sprawling data growth for their enterprise customers.

As a result of the new relationship, SYNNEX becomes Violin’s largest distributor in North America, bringing significantly expanded reach and efficiency to Violin’s channel program. SYNNEX will distribute the complete portfolio of Violin solutions, including 6000 Series flash memory arrays, memory appliances and Violin Maestro™ and Symphony™ software.

“Violin Memory is a leader in developing flash-based storage solutions that deliver one of the highest levels of performance, efficiency and game-changing economics to the enterprise storage market,” said Peter Larocque, president, North America Distribution, SYNNEX Corporation. “We’re excited to bring these compelling benefits to our resellers and, in turn, to enterprises that are increasingly deploying flash-based storage as the new standard for their most demanding storage needs.”

Designed for a wide range of use cases, Violin solutions enable enterprises to achieve unprecedented levels of storage performance, while dramatically decreasing operating costs and environmental impact through extreme storage density and low power consumption. To help bring this value to enterprise customers, resellers are fully supported by a dedicated enterprise storage team, provided access to demos and proof-of-concept resources, and additionally backed by SYNNEX and Violin technical support to assist with assessments and customer calls.

“Collaborating with SYNNEX effectively opens an enormous channel opportunity for Violin Memory,” said Kevin DeNuccio, president and chief executive officer, Violin Memory. “We’re delighted to work with such a strong company to bring our solutions to enterprises served by its extensive network of resellers throughout the United States and Canada.”

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About SYNNEX Corporation

SYNNEX Corporation (NYSE: SNX), a Fortune 500 corporation, is a leading business process services company, servicing resellers, retailers and original equipment manufacturers in multiple regions around the world. The Company provides services in IT distribution, supply chain management, contract assembly and business process outsourcing. Additional information about SYNNEX may be found online at www.synnex.com.

About Violin Memory

Violin Memory (NYSE: VMEM) enables businesses to access real-time information by delivering memory-based storage solutions that close the compute storage gap. Named by Gartner Inc. as the 2012 market share leader in flash-based storage systems, Violin Memory brings storage performance in-line with demanding, high-speed applications, servers and networks at disk economics. Violin Memory solutions are optimized from the ground up to leverage the inherent capabilities of flash memory, enabling performance of memory at compelling economics for business-critical applications, virtualized environments and big data in enterprise data centers. Founded in 2005, Violin Memory is headquartered in Santa Clara, California. For more information, visit www.violin-memory.com.

Forward Looking Statement

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the potential channel opportunity for Violin Memory as a result of the SYNNEX agreement. There are a significant number of factors that could cause actual results to differ materially from statements made in this press release, including: Violin Memory’s history of large purchases by a limited number of customers; its limited operating history, particularly as a new public company; risks associated with a transition in executive leadership; its relationship with Toshiba as its sole supplier of flash-based memory; as well as general market, political, economic and business conditions. Additional risks and uncertainties that could affect Violin Memory’s financial results are included under the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” in the company’s quarterly report on Form 10-Q, which was filed with the U.S. Securities and Exchange Commission, and is available on the Company’s investor relations website at investor.violin-memory.com and on the SEC’s website at www.sec.gov. All forward-looking statements in this press release are based on information available to the Company as of the date hereof, and Violin Memory does not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made.

All Violin Memory news releases (financial, acquisitions, manufacturing, products, technology, etc.) are issued exclusively by Business Wire and are immediately thereafter posted on the company’s external website,  www.violin-memory.com . Violin, Violin Memory and the Violin Memory logo are trademarks or registered trademarks of Violin Memory, Inc. in the U.S. and other countries. All other brand or product names used in this public announcement may be trademarks or registered trademarks of their respective owners.


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