The company where Apple co-founder Steve Wozniak currently works as Chief Scientist, Fusion-io, opened for trading today on the New York Stock Exchange under the trade name “FIO”.
The move comes shortly after Fusion-io’s successful initial public offering in which it raised a total of $233.7 million in gross proceeds, according to the pioneers of a next-generation storage memory platform for shared data decentralization.Joining members of Fusion-io’s management team to celebrate the company’s first day of trading on the NYSE were David A. Flynn, President and CEO, co-Founder and Chief Marketing Officer Rick White, and Stephen G. Wozniak, Fusion-io Chief Scientist and co-Founder of Apple Computer, Inc.Wozniak was present this week at the 48th DAC edition, the premier event for the design of electronic circuits and systems, electronic design automation (EDA) and silicon solutions."As an innovator in providing a next generation storage memory platform for shared data decentralization, Fusion-io’s listing is a natural fit and complimentary to the world’s leading marketplace for technology-based companies,” said Scott R. Cutler, co-head of U.S. Listings and Cash Execution, NYSE Euronext.“We congratulate Fusion-io on the successful completion of its IPO and look forward to a strong and beneficial partnership with the company and its shareholders,” added Cutler.Unfortunately, a quote from Mr. Wozniak was not provided, though Apple fans around the world would have greatly appreciated one from America’s favorite geek.Fusion-io is best known for pioneering a next-generation storage memory platform for shared data decentralization that significantly improves the processing capabilities within a datacenter.It does this by relocating process-critical, or "active," data from centralized storage to the server where it is being processed, according to the company’s about-us.Their methodology is simply referred to as “data decentralization” which, aided by integrated hardware and software solutions can effectively leverage non-volatile memory to significantly increase datacenter efficiency.Fusion-io prides itself on offering enterprise grade performance, reliability, availability and manageability.
