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Toshiba expands SSD offerings with takeover of bankrupt OCZ

Toshiba expands SSD offerings with takeover of bankrupt OCZ

The company has finalised the purchase of OCZ's assets as part of its bankruptcy hearing

Toshiba Corporation has expanded its solid-state storage capabilities with the acquisition of OCZ technology Group, which filed for bankruptcy in November.

The company will operate independently as OCZ Storage Solutions, a provider of high-performance solid state drives (SSDs) for computing devices and systems.

The acquisition provides Toshiba with OCZ’s enterprise and client SSD businesses and enables OCZ to continue with a current product portfolio that includes SATA and PCIe consumer drives for high-performance and mainstream applications, and SATA, SAS and PCIe enterprise drives supported by virtualisation, cache and acceleration software.

OCZ Storage Solutions will leverage Toshiba’s NAND and combine it with the Company’s proprietary controllers, firmware and software.

Toshiba corporate vice president Seiichi Mori said the acquisition further expanded the company’s solid-state storage capabilities and represented 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,” he said.

OCZ chief executive Ralph Schmitt said the company would continue to develop new and unique solid-state storage technologies that positioned the new entity as a market leader.

“With Toshiba’s financial strength and portfolio of leading-edge NAND flash memory, OCZ is now in an advantageous position as one of the few companies in the SSD industry with advanced controller IP and NAND flash supply under one global organisation, 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.”

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Tags OCZ chief executive Ralph SchmittToshiba corporate vice president Seiichi Mori

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