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Violin Memory
Violin Memory is a public American company based in Silicon Valley, California, that designs and manufactures computer data storage products.
==Corporate history==
The company was founded in 2005 as Violin Technologies by Donpaul Stephens and Jon Bennett in Iselin, New Jersey. Series A financing valued over $10 million was raised in 2010. Two more rounds of financing in 2011 raised an additional $75 million. Corporate investors included Juniper Networks and Toshiba America Electronic Components (TAEC). It was based in Mountain View, California around this time.
Series D financing $80 million in March 2012 was led by SAP Ventures (arm of SAP AG), and included Highland Capital, GSV and others. The reported valuation was over $800 million.
Violin Memory went public in September 2013, raising $162 million at a price of $9 a share.〔 Its stock price dropped to $2 a share after its largest partner, Hewlett Packard, became a competitor and due to concerns of how quickly it was spending money.〔 The company experienced losses of $34 million the following year and the board called for the resignation of the CEO. Additionally, five shareholder lawsuits were filed against the company, alleging it did not disclose the financial impact expected from a federal shutdown.〔 in December 2013 the company terminated CEO Basile, replacing him with Kevin DeNuccio in February 2014.
抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』
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