Given the green light by the United States Bankruptcy Court for the District of Delaware earlier this week, Toshiba has now announced that it has finalized the purchase of all assets of OCZ Technology Group, making it an owned subsidiary and Toshiba Group Company. In order to spice up and change some things, Toshiba has decided to rename the new subsidiary to OCZ Storage Solutions.


The deal 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, of course, use Toshiba's NAND and combine it with OCZ's own proprietary controllers, firmware and software.

"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 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."

As far as the OCZ is concerned, nothing much has changed as it will continue to maintain its own worldwide sales channels and most likely use Toshiba ones as well.



Source: Toshiba.com, OCZ.com.