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Seagate Interested in Makers of Enterprise SSDs[07/31/2012 10:05 PM]
Major hard drive maker Seagate Technology does not want to comment on rumored acquisition of OCZ Technology Group, but it does admit that it is interested in taking over a major manufacturer of solid-state drives with a rich portfolio of enterprise-grade SSDs. Seagate admits that there is only one company that complies to its requirements.
"We look at all technology product providers (for mergers and acquisitions), but what I would say is that on the enterprise SSDs, there is probably only one of them that really makes any significant money," said Pat O'Malley, chief financial officer of Seagate, in a conversation with Reuters news-agency.
Earlier this month it was reported that OCZ Technology Group, which supplies solid-state drives to consumers as well as to enterprise customers, including Microsoft Corp., may be acquired by Seagate Technology or Micron Technology to strengthen their SSD business units. Even though OCZ may have a number of ongoing challenges due to its rapid growth on the market of NAND flash storage solutions, it does not need to be acquired to continue its growth just now.
There are not a lot of companies successful on the market of enterprise-grade solid-state drives. Apart from OCZ, there are Fusion-io, STEC and a number of others, who ship SSDs for enterprises in volumes.
Seagate declined to comment specifically on takeover of OCZ.
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