Seattle venture capital firm Divergent Ventures is celebrating today as SanDisk Corp. announced the purchase of FlashSoft, a Sunnyvale, Calif. maker of software caching products. Terms of the deal were not disclosed, but we are hearing that it was a good outcome for Divergent.
It also marks the second notable purchase of a Divergent portfolio company by SanDisk in the past 12 months, following the acquisition of Pliant for $327 million last May. Both companies are makers of technologies in the arena of enterprise solid state disk drives.
Divergent first invested in FlashSoft last May, part of an overarching goal of providing the complex infrastructure (the plumbing, if you will) that enables cloud and mobile technologies to work more seamlessly.
“Our focus on infrastructure means we’re always looking at storage, IO and compute technologies,” said Shurtleff. “We saw the disruptive potential of flash on the massive but un-sexy storage market.”