Violin Memory (VMEM) acquired by Soros Fund Management LLC

• CEO: Ebrahim Abbasi
• Headquarters: Santa Clara, CA
• Founded: 2005
• www.violin-memory.com
• Type of business: Private



Violin Memory's initial public offering in September 2013, raised $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.

The New York Stock Exchange de-listed Violin Memory shares in October 2016 because its market capitalization had fallen below $15 million.  A few days later it changed to be traded on the OTC Markets Group exchange OTCQX, using the same VMEM symbol.  In November 2016, it was valued at $3.7 million.

On April 24 2017, Violin announced in a press release that they had emerged from bankruptcy, and had been purchased by Quantum Partners LP, a private investment fund managed by Soros Fund Management LLC.



Key stats and ratios

	Q4 (Oct '16)	2016
Net profit margin	-250.73%	-194.76%
Operating margin	-227.00%	-181.25%
EBITD margin	-	-164.15%
Return on average assets	-137.05%	-62.49%
Return on average equity	-	-
Employees	235