Breaking Analysis: Violin Memory Systems Going Public at $2b Valuation – Violin IPO
According to Bloomberg, Violin IPO is being led by JPMorgan Chase & Co. (JPM), Deutsche Bank AG (DBK) and Bank of America Corp. (BAC). The timing and price of the offering have yet to be determined but the report is that the valuation will be around $2 billion.
We have been following this company very closely and they are growing very rapidly across the board. According to our analysis at SiliconANGLE.com and Wikibon.org, we see their valuation blowing past $2 billion very quickly.
Violin Memory was founded in 2005 out of the big shift to flash memory and solid state drives. Solid state drives are transforming the market in a radical way both in terms of economics and performance. Violin is driving that mega-trend with Fusion-io. Violin has raised a ton of money and recently raised $50 million in funding valuing the company at more than $800 million.
Violin is led by a rock star CEO in Don Basile. SiliconANGLE had a chance to meet Don many times and recently interviewed him on theCUBE at EMC World 2012 (see embed below).
Why Violin is So Important
Game changing is an over-used phrase in marketing but in this case solid state and flash memory justifies the radical game changing discussion.
Solid state and flash memory is the hottest trend in tech and is leading the new movement that we at SiliconANGLE and Wikibon call “Software-led Infrastructure” . Compared to spinning disk solid state flash memory can deliver an order of magnitude performance improvement. Wikibon’s lead analyst David Floyer calls it IO Centric infrastructure.
Startups are attacking this area heavily. Look at Pure Storage and Aerospike as recent examples who base their entire business on this mega-trend. Companies who are not moving to flash solid state technology will ultimately be left behind as the world moves to a modern new infrastructure era that will power big data, software-led infrastructures powering cloud, mobile, social.
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