The planned acquisition of OCZ bt Toshiba has been completed, with Toshiba picking up all assets. In doing so Toshiba has launched a new subsidiary named OCZ Storage Solutions. The planned acquisition was only announced a short while ago after OCZ announced it was going to file for bankruptcy.

Once again the deal is a shrewd one by Toshiba and one that will benefit OCZ as well -not just the fact it gets to keep operating, with Toshiba having access to Indilinx controller technology and OCZ having access to NAND from Toshiba. This could mean that the road ahead for both companies SSD products is a bright one, with the combination of performance from OCZ and better quality memory from Toshiba, powering their new products.

Obviously it will take time for the dust to settle and for everything to be ironed out, but heres hoping OCZ can rediscover its previous form and become a market leader once again.

 

Press Release:

SAN JOSE, CA—January 21, 2014—Toshiba Corporation, a global technology leader and manufacturer of NAND flash memory, today announced that the Company has finalized the purchase of substantially all assets of OCZ Technology Group, making it a wholly owned subsidiary and Toshiba Group Company. Effective immediately, the Group company will operate independently as OCZ Storage Solutions, a leading 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 the established OCZ brand to continue in full force 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 virtualization, cache and acceleration software.  OCZ Storage Solutions will leverage Toshiba’s cutting-edge NAND and combine it with the Company’s proprietary controllers, firmware and software to provide both client and enterprise customers with innovative and cost-effective solid-state storage solutions.

“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.”

“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 an 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.”

As a Toshiba Group Company, OCZ Storage Solutions will continue to maintain its established worldwide sales channels.  The new Company’s headquarters will remain in San Jose, California, with strategic design centers located in Irvine (California), Tel Aviv (Israel), and Abingdon (UK). 

For more information about OCZ and its complete product portfolio, please visit www.ocz.com.
For OCZ enterprise products, please visit www.ocz.com/enterprise.
For OCZ consumer products, please visit www.ocz.com/consumer.

About Toshiba                                                                                                                                                 
Toshiba is a world-leading diversified manufacturer, solutions provider and marketer of advanced electronic and electrical products and systems. Toshiba Group brings innovation and imagination to a wide range of businesses: digital products, including LCD TVs, notebook PCs, retail solutions and MFPs; electronic devices, including semiconductors, storage products and materials; industrial and social infrastructure systems, including power generation systems, smart community solutions, medical systems and escalators & elevators; and home appliances.      

                                              
Toshiba was founded in 1875, and today operates a global network of more than 590 consolidated companies, with 206,000 employees worldwide and annual sales surpassing 5.8 trillion yen (US$61 billion). Visit Toshiba's web site at www.toshiba.co.jp/index.htm


About OCZ Storage Solutions
OCZ Storage Solutions – a Toshiba Group Company is a leading provider of high performance client and enterprise solid-state storage products and is a wholly-owned subsidiary of Toshiba Corporation.  Offering a complete spectrum of solid-state drives (SSDs), OCZ Storage Solutions leverages proprietary technology to provide SSDs in a variety of form factors and interfaces to address a wide range of applications.  Having internally developed firmware and controllers, virtualization, cache and acceleration software, and endurance extending and data reliability technologies, the

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