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Wednesday, April 26, 2017

Violin Memory steps out of bankruptcy, takes the storage stage again

#Violin Memory is back, as a privately owned company fresh out of bankruptcy. The old flash array hardware and software company, which went bankrupt after a long and tortuous struggle, has been bought by #QuantumPartners, a private investment fund run by #Soros Fund Management LLC (SFM Private Equity). We're told Violin retains its industry-leading, proprietary technology, strong customer base and innovative team of professionals – but not all of them. Most of the old senior management team has been swept aside and the new management bods are: CEO and president - Ebrahim Abbasi, who was the SVP for Operations CFO - Jim Curley SVP customer success operations - Susan Scheer Aoki, who joined Violin in April 2015 Chief architect - Tim Stoakes VP software development - Pat Balakrishnan VP worldwide field operations - Georgine Nordin, who leads the sales and alliances strategy A prepared quote from Abbasi said: "I am honored to lead the new company into the future and focus on product innovation and customer excellence." These points were repeated in a similar quote from Nicholas Esayan, principal with SFM Private Equity: "We are committed to support Violin in its tradition of customer excellence and product innovation."

https://www.theregister.co.uk/2017/04/25/violin_memory_back_and_private/

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