Fusion-io Names CEO

SALT LAKE CITY -- Fusion-io, the leader in enterprise solid-state architecture and high performance I/O solutions, today announced that Donald Basile will assume the role of CEO. In this role, Dr. Basile will assume full operational responsibility for the company effective immediately. Don Basile brings unparalleled leadership and technology expertise that will enable us to accelerate the growth of the company," said Rick White, co-founder and chief marketing officer. "Don is an exceptional leader and strategist. We share a common ambition for Fusion-io.”

Dr. Basile brings more than 20 years of experience to Fusion-io, having driven innovation at leading public and private companies in areas including data networking, cable, telecommunications, computing and semiconductors. Among his past accomplishments, Dr. Basile has been involved with the management, growth and sale of companies valued at more than $2 billion.

Dr. Basile spent nearly four years as vice-president and managing director of Raza Foundries, Inc. (RFI), a broadband networking and communications investment company. Prior to RFI, he held management positions at Remarq Communities, Inc., a premier Internet infrastructure provider; Netfish Technologies, Inc., a leader in XML ecommerce; and Lenfest Communications, a pioneer in the cable television industry.

“Fusion-io is one of the most exciting companies in the technology industry,” said Dr. Basile. “David, Rick and the Fusion-io team have built a world-class ensemble of talent and created a company and a product with the potential to change the way storage is architected and used around the world. I am thrilled to have the opportunity to lead this team as the company embarks on its next critical stage of development."

In a separate release:SALT LAKE CITY -- Fusion-io, the leader in enterprise solid-state architecture and high performance I/O solutions, today announced that it has closed $19M in Series A funding from a group of investors led by New Enterprise Associates (NEA), one of the leading U.S.-based venture capitalist firms.

“The breakthrough technology Fusion-io has developed will change the way companies think about their storage architecture,” said Scott Sandell, general partner, NEA. “The company’s innovative plug-and-play approach to storage will open up a world of possibilities previously not available with traditional storage architecture.”

In a separate release:

SALT LAKE CITY -- Fusion-io, a leader in enterprise solid-state architecture and high-performance I/O solutions, today announced that the ioDrive, the company’s first product, will begin shipping on April 7th. The ioDrive is a PCIe card based on a new storage architecture which enables it to deliver the power of a storage area network (SAN) at a fraction of the power, size and cost of traditional disk arrays.

Fusion-io is ushering in a new era of silicon-based storage, offering breakthrough performance at a cost/capacity that is a fraction of traditional storage systems, and opening up a world of possibilities via the world's first high-performance direct-attached storage (DAS), with I/O performance equal to today’s fastest high-end SAN solutions. The ioDrive leverages Fusion-io's proprietary ioMemory architecture to create a single PCIe card that operates as either local storage or storage cache, making it easy for any level system administrator to deploy and manage. Capable of being installed transparently at multiple points in existing data centers or workstations, the ioDrive requires no changes to applications or infrastructure or complex management software.“The ioDrive is a radical departure from traditional storage solutions and will change the way businesses think about their storage architecture,” said Don Basile, chairman and CEO, Fusion-io. “Specifically designed for the enterprise, the ioDrive offers a best-of-breed solution for drop-in storage.”

Fusion-io Inc.