 At Storage Field Day 3, Fusion-io announced their acquisition of NexGen Storage in April 2013 for $114 million cash and $5 million in stock.NexGen was located in Louisville, Colorado and had a product it called n5, which it announced in November 2011 and upgraded in July 2012.The n5 was a hybrid product including hard disk drives as well as flash memory, aiming to provide more consistent performance guarantees than only disks.