Supplier of solid-state drives and advanced memory modules OCZ Technology Group has acquired certain assets of privately held Solid Data, a provider of solid-state storage systems and solutions. The technologies will allow OCZ to manufacture SSDs with Fibre-Channel interface for enterprise customers.
OCZ acquired the Solid Data assets for a total consideration of approximately $950 thousand consisting of restricted common stock and cash. As a result of the acquisition, OCZ will gain access to DRAM-based and Fibre-Channel (FC)-based SSD controller technology for implementation in future OCZ solutions. In combination with OCZ's existing SSD technologies, the acquired Solid Data IP enables OCZ to offer a wider range of enterprise-grade SSD products to OEMs, including proprietary FC-based SSDs and low-latency DRAM/flash hybrid solutions.
"The Solid Data assets facilitate a unique opportunity for OCZ to transform IT infrastructures with the unprecedented speeds, reduced overhead, and increased endurance of new storage solutions. These assets accelerate our technology development enabling us to deliver an expanded range of next generation products and solutions to our Enterprise and OEM clients," said Ryan Petersen, president and chief executive officer of OCZ Technology Group.
OCZ has been working on various enterprise-class solid-state drives for several years now. Earlier this year the company even presented its proprietary interface called HSDL for server-grade SSDs. Still, as the FC interface is more common on the enterprise market and the company did need appropriate intellectual property to employ it.