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Toshiba Completes OCZ Acquisition

Jan 22 2014, 10:57am CST | by , in News | Technology News

Toshiba Completes OCZ Acquisition
OCZ

OCZ is now a wholly owned Toshiba subsidary

Toshiba has announced that it has completed the purchase of the assets left over after OCZ field bankruptcy last year. OCZ is a maker of SSDs and the purchase landed Toshiba all of the assets the company holds. Toshiba says OCZ will continue to operate as a standalone subsidiary of Toshiba.

“We are very excited to be part of the Toshiba family where we will continue to develop new and unique solid-state storage technologies that position the new entity as a market leader,” said Ralph Schmitt, CEO for OCZ Storage Solutions. “With Toshiba’s financial strength and portfolio of leading-edge NAND flash memory, OCZ is now in a advantageous position as one of the few companies in the SSD industry with advanced controller IP and NAND flash supply under one global organization, which in turn will help enable more robust and competitive solid-state solutions going forward while expanding our market presence in the rapidly growing SSD market.”

OCZ will operate as OCZ Storage Solutions and the company will continue to offer a full range of SATA and PCIe consumer drives. OCZ will also continue to offer SATA, SAS, and PCIe enterprise drives as well. OCZ will now use Toshiba NAND in all of its products.

OCZ will also use Toshiba proprietary controller, firmware, and software for client and enterprise drives. “The acquisition of OCZ further expands our solid-state storage capabilities and represents Toshiba’s commitment to this high-growth area,” said Mr. Seiichi Mori, Vice President of Toshiba's Semiconductor and Storage Company and Corporate Vice President of Toshiba. “Our goal is to offer a leading edge portfolio of solid state solutions to address the storage challenges faced by both client and enterprise customers, and the acquisition of OCZ is an ideal addition to our team in realizing this strategy.”

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