Samsung Electronics has agreed to purchase storage software firm Nvelo.
The Korean firm announced the purchase of Santa Clara, Calif.-based Nvelo on Friday. The company develops next-generation SSD storage solutions, and works to manage and optimize the use of solid state drives within subsystems. This kind of "SSD caching" is used in both consumer and enterprise platforms, increasing the speed of retrieving data in a number of devices, including desktops and smartphones, from both hard drives and SSDs.
The acquisition of 2-year-old Nvelo, albeit low-key, means that Samsung will increase its storage space portfolio, and will potentially … Read more