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Following its December 2013 acquisition of the assets of OCZ Technology Group out of Chapter 11, Toshiba has announced its shareholders have given the thumbs up to the deal, enabling it to relaunch the high-performance solid state drive (SSD) specialist as OCZ Storage Solutions, a new wholly-owned subsidiary.
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The relaunch will see the OCZ brand continue to trade in the market as before, with its current portfolio, including SATA and PCIe consumer drives for high-performance and mainstram applications, and SATA, SAS and PCIe enterprise drives supported by virtualisation, cache and acceleration software.
In addition OCZ will be able to take advantage of Toshiba’s resources around NAND and as previously set out, the acquisition is expected to help Toshiba consolidate its market positioning to make itself a more compelling proposition to channel partners and customers alike.
“The acquisition of OCZ further expands our solid-state storage capabilities and represents Toshiba’s commitment to this high-growth area,” said Seiichi Mori, vice president of Toshiba's Semiconductor and Storage Company and corporate VP 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 realising this strategy.”
Ralph Schmitt, CEO for OCZ Storage Solutions, added: “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.”
OCZ said it would continue to maintain its established global sales channel for the time being, with its Oxfordshire base also remaining open.