Pivot3 Buys NexGen Storage

Austin-based Pivot3, which develops converged infrastructure hardware, is acquiring NexGen Storage, a developer of hybrid storage appliances. Financial terms of the acquisition were not announced. Pivot3 said the acquisition will help it add flash and hybrid storage to its solutions. Pivot3 says it intends to market and enhance all current and planned NexGen products. NexGen Storage was based in Colorado, and has a long, complex history, having been acquired by Fusion-io in 2013, becoming part of SanDisk when that company acquired Fusion-io in June of 2014, and then being re-spun out as an independent company in January of last year.