SanDisk, a Nasdaq-listed computer storage company, has agreed to acquire Pliant Technology, a US-based developer of solid-state drive storage devices for enterprise computing reportedly backed by peer Teredata, for $327m in cash, plus performance fees.
Pliant had raised money from venture capital firms Lightspeed Venture Partners, Menlo Ventures, Arcturus Capital and Divergent Ventures, including $15m in its series C round in March 2009 and $8m in it’s a round a year earlier.
Pliant Technology becomes SanDisk’s Enterprise Storage Solutions business.