Texas Memory Systems, Inc.


Company Name:
Texas Memory Systems, Inc. 
Sector:
Enterprise Infrastructure 
Transaction Type:
Merger/Acquisition/Advisory 
Ticker Symbol:
N/A 
Deal Amount:
Undisclosed
Transaction Date:
10/1/2012 
Transaction Summary:
Texas Memory Systems, Inc., a leading manufacturer of enterprise solid-state flash storage solutions and provider of The World's Fastest StorageĀ®, announced the completion of its previously announced sale to International Business Machines Corporation (NYSE: IBM). Terms of the deal were not disclosed. The TMS solutions extend IBM's broad portfolio of Flash-optimized storage arrays and flash optimization software, providing our clients unmatched value. Needham & Company acted as exclusive financial advisor to Texas Memory Systems. 
Company Description:
Texas Memory Systems, Inc. (TMS) is a privately held American corporation that designs and manufacturers solid-state disks (SSDs) and digital signal processors (DSPs). TMS was founded in 1978 and that same year introduced their first solid-state drive, followed by their first digital signal processor. In 2000 they introduced the RamSan line of SSDs which have evolved through new models available today. Based in Houston, Texas, they continue to supply these two product categories (directly as well as OEM and reseller partners) to large enterprise and government organizations. TMS has been supplying SSD products to the market longer than any other company. On August 16, 2012, IBM Corporation announced a definitive agreement to acquire Texas Memory Systems, Inc. This acquisition was completed as planned on October 1st, 2012.  
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