Fusion-io sold to SanDisk for $1.1 billion

SanDisk will purchase Cottonwood Heights-based Fusion-io Inc. for $1.1 billion, the companies said today.

Fusion-io’s flash memory helps runs data centers at Facebook and Apple. The company, which was founded in 2006 by David Flynn and Rick White, went public in 2011. The deal will close in the third quarter, the companies said.

“This transaction represents a compelling opportunity for Fusion-io’s employees, customers and shareholders,” said Fusion-io Chief Executive Officer Shane Robison. “Fusion-io’s innovative hardware and software solutions will be augmented by SanDisk’s worldwide scale and vertical integration, enabling a combined company that can offer an even more compelling value proposition for customers and partners.”