Flash memory technology developer Violin Memory on Thursday said it is restructuring to focus on the flash storage market, a move that could result in job cuts and a sale of its PCIe flash memory card business.
The restructuring comes in the wake of Violin Memory's lackluster IPO last September as well as the appointment earlier this month of a new CEO to replace Don Basile, who was fired in December.
Violin Memory's board has authorized a review of "strategic alternatives" for the PCIe flash memory card business as a way to better focus on "markets where Violin has proven technology leadership and significant growth opportunities," the company said in a statement.
That review, and any follow-up action, is expected to be finished during the first quarter, Violin Memory said. "Strategic alternatives" is often a euphemism for sale of all or part of a company.
[Related: Case study: Remora & Violin Memory]
Violin Memory currently offers three primary flash storage hardware lines, including a flash storage memory array; a memory appliance based on Violin's January, 2013 GridIron acquisition for memory-based application acceleration, tiering, migration, and data protection services; and server-based PCIe flash memory application acceleration cards.
Along with possibly exiting the PCIe flash technology business, Violin Memory said it is in the process of laying off about 100 employees, a move that will leave it with a headcount of about 380 people, down from the 483 employees it had on 31 October.
The workforce reduction and change in product strategy come just a few weeks after Violin Memory on 3 February said Kevin DeNuccio took over the CEO position.
Violin Memory declined to comment further on the news.