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Samsung Electronics Acquires NVELO



  Samsung Electronics Acquires NVELO

 Acquisition Adds Storage Software Expertise to Next-generation SSD Solutions

Business Wire

SEOUL, South Korea -- December 14, 2012

Samsung Electronics Co. Ltd., a world leader in advanced semiconductor
solutions, announced today that it acquired privately held NVELO, Inc., a
Santa Clara, Calif.-based pioneer of storage software. By intelligently
managing and optimizing the use of SSDs in the storage subsystem, SSD caching
has become an attractive solution for both consumer and enterprise computing
platforms. The timely integration of NVELO’s flagship storage technology into
Samsung’s best-in-class SSD technologies will give Samsung customers access to
an ever-evolving and more diversified portfolio of NAND storage solutions
suitable for a broad range of computing platforms.

“The acquisition of NVELO will enable us to extend our ability to provide SSD
related storage solutions to customers. We are pleased with this transaction
as the employees of NVELO share our vision to take SSD storage into the
next-generation of performance and reliability,” said Young-Hyun Jun,
executive vice president of Flash product & technology, Device Solutions,
Samsung Electronics.

“The NVELO team is excited to join the Samsung family,” said Jiurong Cheng,
president and CEO, NVELO. “We look forward to accelerating storage innovation
in close cooperation with Samsung storage experts as we help to deliver fully
integrated SSD solutions to the market.”

The acquisition involves all technology and personnel under NVELO, Inc.
Further details of the agreement were not disclosed.

About Samsung Electronics Co., Ltd.

Samsung Electronics Co., Ltd. is a global leader in semiconductor,
telecommunication, digital media and digital convergence technologies with
2011 consolidated sales of US$143.1 billion. Employing approximately 227,000
people in 203 offices across 75 countries, the company operates two separate
organizations to coordinate its nine independent business units: Digital Media
& Communications, comprising Visual Display, Mobile Communications,
Telecommunication Systems, Digital Appliances, IT Solutions, and Digital
Imaging; and Device Solutions, consisting of Memory, System LSI and LED. For
more information, please visit www.samsung.com.

About NVELO

NVELO, Inc. is a pioneer in innovative storage software, bringing new
intelligence into storage subsystems to break the I/O bottleneck in today’s
computing systems. Formed as a spin-off company during the acquisition of
Denali Software by Cadence Design Systems, NVELO employs world-class
engineering and management teams for R&D on its flagship product "Dataplex",
which is now in the process of being introduced to the market through Computer
OEM's, HDD and SSD vendors. NVELO is located in Santa Clara, California. For
more information, visit www.NVELO.com.

Samsung and the stylized Samsung design are trademarks and service marks of
Samsung Electronics Co., Ltd. Other trademarks are the property of their
respective owners.

Contact:

Samsung Semiconductor
John Lucas, APR, 408-544-4363
j.lucas@ssi.samsung.com
or
Dan Munoz
Dan.Munoz@edelman.com
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