In an announcement on Monday, SanDisk announced that it would spend $1.1 billion to acquire Fusion-io, maybe best-known for hiring Apple cofounder Steve Wozniak as its chief scientist back in 2009.

The San Jose company focuses on selling flash memory-based solutions for data centers but has been struggling as of late. The company has lost over $39 million over the last three years—including $38 million in 2013 alone—with five straight quarterly losses. Its 2013 annual report stated the company had an “accumulated deficit of $108.8 million.”

“Fusion-io will accelerate our efforts to enable the flash-transformed data center, helping companies better manage increasingly heavy data workloads at a lower total cost of ownership,” Sanjay Mehrotra, SanDisk president and CEO, said in a statement. “Customers will benefit from the addition of Fusion-io’s leading PCIe solutions to SanDisk’s vertically integrated business model. We look forward to working with the world-class engineering and go-to-market teams from Fusion-io to provide high-value solutions to customers around the world.”

According to Reuters, SanDisk wants to increasingly move into the SSD game, selling both to consumers and businesses.