14 DAY TRIAL // Toshiba has finished buying OCZ's assets, but it won't be doing much differently with them than OCZ has been. The company only lacked funds, hence the only narrowly avoided bankruptcy, and Toshiba has simply fixed that.
It was just a day ago that Toshiba formally announced that it had finished acquiring all of OCZ's SSD-related assets.
And since only a small power management business is left of OCZ (pending an auction), we can safely say that OCZ as a whole now belongs to Toshiba.
Toshiba was quick to announce a new business division. Called OCZ Storage Solutions, it will make high-end SSDs from Toshiba NAND.
Thus, while the Vertex 460 Series SSDs series was the last one OCZ launched as a free company, it won't be the last we've heard of the brand, not by a long shot.
"The acquisition of OCZ further expands our solid-state storage capabilities and represents Toshiba's commitment to this high-growth area," said Seiichi Mori, VP 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 realizing this strategy."
As OCZ goes about its business, Toshiba will be gleefully integrating the company's enterprise customer chain and consumer base.
So, while OCZ will continue to operate independently, Toshiba will be the one ultimately benefiting, making revenue and profit. Such is always the case with such takeovers.
OCZ's headquarters will remain in San Jose, California, with strategic design centers located in Irvine (California), Tel Aviv (Israel) and Abingdon (UK).
Worldwide sales channels will, likewise, stay open, so the company's clients can go about their business without worrying that they need to look elsewhere for NAND storage products and services.