Toshiba Corporation Completes Acquisition of OCZ Technology

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26th January 2014
OCZ and Toshiba have announced the completion of Toshiba's Acquisition of OCZ Technology group’s assets with the launch of a new subsidiary, OCZ Storage Solutions.

Name Change
With the acquisition complete OCZ Technology will start to operate under the new name of OCZ Storage Solutions. They will operate independently and will be incorporating Toshiba's NAND Flash Technology with OCZ's Controllers and Firmware to produce advanced and cost effective Enterprise and Consumer storage products for computing devices and systems.

Vertex 460
Launched shortly after the acquisition completion was OCZ's latest SSD range the Vertex 460. This is the first to officially use Toshiba's NAND Flash technology and is a significant advancement on earlier consumer aimed drive releases.

No Change
Although company buyouts can sometimes mean mass changes through the grass roots of the company, Toshiba has declared its aim to keep the new Company’s headquarters in San Jose, California. They will support design centres located in Irvine (California), Tel Aviv (Israel), and Abingdon (UK).

Mr. Seiichi Mori, Vice President of Toshiba's Semiconductor and Storage Company and Corporate Vice President of Toshiba commented regarding the acquisition “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, CEO for the new OCZ Storage Solutions was similarly upbeat about the sale. “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.”

OCZ Technology Group Inc is a California based company founded in 2002. They are most well known for there ranges of mid to high end Computer Memory and more recently SSD Drives and SSD Cache Drives.

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