• Welcome to TechPowerUp Forums, Guest! Please check out our forum guidelines for info related to our community.

OCZ Technology Gets Court Approval to Sell Its SSD Assets to Toshiba

Joined
Dec 6, 2011
Messages
4,784 (1.01/day)
Location
Still on the East Side
OCZ Technology Group, Inc., a leading provider of high-performance solid state drives (SSDs) for computing devices and systems, today announced that the Company received approval by the United States Bankruptcy Court for the District of Delaware to sell substantially all of its assets to Toshiba Corporation. The transaction is expected to close within the next week, subject to the satisfaction or waiver of other customary closing conditions under the Asset Purchase Agreement. With this asset purchase, the popular OCZ SSD brand supporting a complete portfolio of enterprise and consumer drives continues in full force leveraged by Toshiba's financial strength and its portfolio of NAND flash memory.

"We are pleased by the court's approval as this business combination allows the company to continue to bring to market disruptive solid state storage technology. We are appreciative of all the support provided by our shareholders, creditors, and vendors which allowed this combination to occur," said Ralph Schmitt, CEO for OCZ Technology. "The OCZ team is excited to be a part of an innovative company like Toshiba where we can continue to develop new and unique SSD technologies that position the Company as a solid state solutions leader in both the client and enterprise storage markets."



The Company is also in the process of going through a bidding procedure for the power management business and expects to close a transaction within the next few weeks. More information regarding the acquisition of its SSD assets and the transition to a Toshiba company will be forthcoming in the future.

View at TechPowerUp Main Site
 
Joined
Apr 10, 2013
Messages
302 (0.07/day)
Location
Michigan, USA
Processor AMD 1700X
Motherboard Crosshair VI Hero
Memory F4-3200C14D-16GFX
Video Card(s) GTX 1070
Storage 960 Pro
Display(s) PG279Q
Case HAF X
Power Supply Silencer MK III 850
Mouse Logitech G700s
Keyboard Logitech G105
Software Windows 10
This is good for competition. OCZ backed by Toshiba is a win for OCZ, Toshiba, and consumers not to mention the enterprise segment. Toshiba NAND is top quality and now OCZ will have all they need.

So when do we see the long awaited Revodrive 400?
 
Joined
Dec 9, 2013
Messages
911 (0.23/day)
System Name BlueKnight
Processor Intel Celeron G1610 @ 2.60GHz
Motherboard Gigabyte GA-H61M-S2PH (rev. 1.0)
Memory 1x 4GB DDR3 @ 1333MHz (Kingston KVR13N9S8/4)
Video Card(s) Onboard
Storage 1x 160GB (Western Digital WD1600AAJS-75M0A0)
Display(s) 1x 20" 1600x900 (PHILIPS 200VW9FBJ/78)
Case μATX Case (Generic)
Power Supply 300W (Generic)
Software Debian GNU/Linux 8.7 (jessie)
Toshiba NAND is top quality
I doubt it, my current experience with TOSHIBA is disappointment.

But I can still change my mind. Who knows...
 
Joined
Jan 5, 2013
Messages
895 (0.21/day)
They are buying the assets of a sinking ship. Not much to buy really as OCZ hasn't had any special tech advantage.
 

FreedomEclipse

~Technological Technocrat~
Joined
Apr 20, 2007
Messages
23,984 (3.74/day)
Location
London,UK
System Name DarnGosh Edition
Processor AMD 7800X3D
Motherboard MSI X670E GAMING PLUS
Cooling Thermalright AM5 Contact Frame + Phantom Spirit 120SE
Memory G.Skill Trident Z5 NEO DDR5 6000 CL32-38-38-96
Video Card(s) Asus Dual Radeon™ RX 6700 XT OC Edition
Storage WD SN770 1TB (Boot)| 2x 2TB WD SN770 (Gaming)| 2x 2TB Crucial BX500| 2x 3TB Toshiba DT01ACA300
Display(s) LG GP850-B
Case Corsair 760T (White) {1xCorsair ML120 Pro|5xML140 Pro}
Audio Device(s) Yamaha RX-V573|Speakers: JBL Control One|Auna 300-CN|Wharfedale Diamond SW150
Power Supply Seasonic Focus GX-850 80+ GOLD
Mouse Logitech G502 X
Keyboard Duckyshine Dead LED(s) III
Software Windows 11 Home
Benchmark Scores ლ(ಠ益ಠ)ლ
I doubt it, my current experience with TOSHIBA is disappointment.

But I can still change my mind. Who knows...

I dunno about their RMA's but i have 5 toshiba HDDs now (i bought another... 2x3TB main pc 2x3TB Nas 1x3TB external storage) still all working perfectly - I was gonna say 'still all ticking..' but the irony...

the drives i have in my NAS are probably past the 6 month usage mark with the ones on my pc probably a week or 2 behind. NAS is light to medium usage. I guess PC is around the same as BF3 & BF4 are located on my SSD.

They are buying the assets of a sinking ship. Not much to buy really as OCZ hasn't had any special tech advantage.

Not really. OCZ still has Indilinx - thats gotta be worth something for Toshiba who usually use controllers made by Marvell. Since Toshiba use Marvell controllers (& sandforce too), that makes some of their SSDs almost identical to Plextor M5 Pro's, though performance may differ due to Toshiba using their own memory chips. Anything thats comparable to an M5 Pro is quite an achievement as the M5 Pro is quite an underrated drive.
 
Joined
Nov 17, 2011
Messages
298 (0.06/day)
System Name Game Raver
Processor Core i7-770K
Motherboard ASRock Z170A-X1
Cooling Coolermaster AIO
Memory 16gb
Video Card(s) GTX 1060
Storage 1TB Crucial SSD. 4TB Seagate HDD
Display(s) AOC 1080p 144Hz
Case NZXT Phantom 410 /w/ Silverstone FN121P-BL fans
Audio Device(s) ASUS Essence STX
Power Supply Corsair AX760
OCZ will be a worthy companion of Toshiba, they need it for what lies ahead too.

I always had a feeling OCZ would end up merging with somebody.
 
Joined
Dec 9, 2013
Messages
911 (0.23/day)
System Name BlueKnight
Processor Intel Celeron G1610 @ 2.60GHz
Motherboard Gigabyte GA-H61M-S2PH (rev. 1.0)
Memory 1x 4GB DDR3 @ 1333MHz (Kingston KVR13N9S8/4)
Video Card(s) Onboard
Storage 1x 160GB (Western Digital WD1600AAJS-75M0A0)
Display(s) 1x 20" 1600x900 (PHILIPS 200VW9FBJ/78)
Case μATX Case (Generic)
Power Supply 300W (Generic)
Software Debian GNU/Linux 8.7 (jessie)
I always had a feeling OCZ would end up merging with somebody.
That's common. The smaller companies always get "eaten" by bigger competitors.

My question is: Who's next?
 

FreedomEclipse

~Technological Technocrat~
Joined
Apr 20, 2007
Messages
23,984 (3.74/day)
Location
London,UK
System Name DarnGosh Edition
Processor AMD 7800X3D
Motherboard MSI X670E GAMING PLUS
Cooling Thermalright AM5 Contact Frame + Phantom Spirit 120SE
Memory G.Skill Trident Z5 NEO DDR5 6000 CL32-38-38-96
Video Card(s) Asus Dual Radeon™ RX 6700 XT OC Edition
Storage WD SN770 1TB (Boot)| 2x 2TB WD SN770 (Gaming)| 2x 2TB Crucial BX500| 2x 3TB Toshiba DT01ACA300
Display(s) LG GP850-B
Case Corsair 760T (White) {1xCorsair ML120 Pro|5xML140 Pro}
Audio Device(s) Yamaha RX-V573|Speakers: JBL Control One|Auna 300-CN|Wharfedale Diamond SW150
Power Supply Seasonic Focus GX-850 80+ GOLD
Mouse Logitech G502 X
Keyboard Duckyshine Dead LED(s) III
Software Windows 11 Home
Benchmark Scores ლ(ಠ益ಠ)ლ
OCZ will be a worthy companion of Toshiba, they need it for what lies ahead too.

I always had a feeling OCZ would end up merging with somebody.
That's common. The smaller companies always get "eaten" by bigger competitors.

My question is: Who's next?

Understand that OCZ wasnt 'eaten' by Toshiba. OCZ would have ceased to exist if Toshiba didn't buy out that part of the business
 
Joined
Dec 9, 2013
Messages
911 (0.23/day)
System Name BlueKnight
Processor Intel Celeron G1610 @ 2.60GHz
Motherboard Gigabyte GA-H61M-S2PH (rev. 1.0)
Memory 1x 4GB DDR3 @ 1333MHz (Kingston KVR13N9S8/4)
Video Card(s) Onboard
Storage 1x 160GB (Western Digital WD1600AAJS-75M0A0)
Display(s) 1x 20" 1600x900 (PHILIPS 200VW9FBJ/78)
Case μATX Case (Generic)
Power Supply 300W (Generic)
Software Debian GNU/Linux 8.7 (jessie)
OCZ would have ceased to exist if Toshiba didn't buy out that part of the business
Ah, ok. It was "eaten" few seconds before die... As your imagination suggests...
 

FreedomEclipse

~Technological Technocrat~
Joined
Apr 20, 2007
Messages
23,984 (3.74/day)
Location
London,UK
System Name DarnGosh Edition
Processor AMD 7800X3D
Motherboard MSI X670E GAMING PLUS
Cooling Thermalright AM5 Contact Frame + Phantom Spirit 120SE
Memory G.Skill Trident Z5 NEO DDR5 6000 CL32-38-38-96
Video Card(s) Asus Dual Radeon™ RX 6700 XT OC Edition
Storage WD SN770 1TB (Boot)| 2x 2TB WD SN770 (Gaming)| 2x 2TB Crucial BX500| 2x 3TB Toshiba DT01ACA300
Display(s) LG GP850-B
Case Corsair 760T (White) {1xCorsair ML120 Pro|5xML140 Pro}
Audio Device(s) Yamaha RX-V573|Speakers: JBL Control One|Auna 300-CN|Wharfedale Diamond SW150
Power Supply Seasonic Focus GX-850 80+ GOLD
Mouse Logitech G502 X
Keyboard Duckyshine Dead LED(s) III
Software Windows 11 Home
Benchmark Scores ლ(ಠ益ಠ)ლ
I dunno, i tend to refer to the word 'eaten' as a complete take over of a company. Only the ssd division of OCZ was acquired
 
Joined
Dec 9, 2013
Messages
911 (0.23/day)
System Name BlueKnight
Processor Intel Celeron G1610 @ 2.60GHz
Motherboard Gigabyte GA-H61M-S2PH (rev. 1.0)
Memory 1x 4GB DDR3 @ 1333MHz (Kingston KVR13N9S8/4)
Video Card(s) Onboard
Storage 1x 160GB (Western Digital WD1600AAJS-75M0A0)
Display(s) 1x 20" 1600x900 (PHILIPS 200VW9FBJ/78)
Case μATX Case (Generic)
Power Supply 300W (Generic)
Software Debian GNU/Linux 8.7 (jessie)
Top