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Toshiba Completes OCZ Asset Acquisition, Launches OCZ Storage Solutions

Toshiba Completes OCZ Asset Acquisition, Launches OCZ Storage Solutions

 

Toshiba has recently announced its successful acquisition of OCZ Technology Group, which it agreed to buy back in early December 2013. It's now a wholly owned subsidiary of Toshiba Corporation, and will continue to operate independently as OCZ Storage Solutions. The acquisition enables Toshiba access to OCZ's existing enterprise and client SSD businesses, while allowing the OCZ brand to continue with its current product portfolio. 

OCZ Storage Solutions will also be able to make use of Toshiba's NAND (Toggle-Mode NAND) technology, together with OCZ's existing proprietary controllers (Indilinx Barefoot 3 controller), firmware and software to provide their customers with more cost effective solid-state storage solutions. 

Mr. Seiichi Mori, Vice President of Toshiba’s Semiconductor and Storage Company and Corporate Vice President of Toshiba, said:

“The acquisition of OCZ further expands our solid-state storage capabilities and represents Toshiba’s commitment to this high-growth area. 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.”

Ralph Schmitt. the CEO of OCZ Storage Solutions also said:

“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. 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.”

Source: Business Wire

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