With the flash memory technology boost, Fusion-io hopes to reach the billion-dollar mark as it reveals details of its IPO opening. From the initial plan of selling its share for $13 apiece, Fusion-io increases this to $15 to give the company a valuation of around $1.17 billion. This estimate was based on the enterprise’s recorded Q1 revenue and sales surge of $63.7 million. If they continue to deliver at this pace until the end of the year, they will hit the billion-dollar hot spot. In light of this big move, Fusion-io announced that they will be hiring 50 top level officials until December.

In an official statement, Fusion-io mentioned about the present scenario of the business and a reason to go public: “As a consequence of our limited number of customers and the concentrated nature of their purchases, our quarterly revenue and operating results may fluctuate from quarter to quarter and are difficult to estimate.”

Fusion-io has been very active in partnerships and is quite relentless in upgrading their technology and in their campaign to replace hardware with flash memory. In April, they teamed up with StoneFly and released a high performance and scalable tiered storage system. Early last month, they expanded OEM services for Dell through additional ioDrive models to increase functionality of Dell PowerEdge Servers. Reports also noted that Fusion-io is targeting the military market to empower critical data access and will participate in Coalition Warrior Interoperability Demonstration (CWID) that will be held next week. A blogfight also placed Fusion-io at the helm of the debate table. One of the experts involved, David Floyer provided his insights in his article, read here.

Fusion-io is an innovative company that supports and sells their products and services to giants like Hewlett-Packard (HP), IBM, Dell and Facebook. Since the year opened, the company has sold over 15 petabytes of flash memory—which is equivalent to more or less 199 years!