Toshiba completes acquisition of OCZ Storage Solutions

Toshiba has completed its acquisition of OCZ Storage Solutions, a failed Silicon Valley maker of solid-state drives, the company said Tuesday. Solid-state drives are storage components built with flash memory that are intended to replace spinning disks in laptops, desktop computers and servers. They offer lower power consumption and better performance but are typically more expensive per gigabyte than hard drives.

Toshiba on Tuesday finalized the purchase of OCZ Technology’s assets and in a move that will likely surprise many, the company will continue to use the OCZ brand moving forward with the creation of a new subsidiary known as OCZ Storage Solutions. The subsidiary will consist of OCZ’s enterprise and client solid state drive businesses which means OCZ’s current product portfolio of SATA, SAS and PCI Express drives for enterprise customers as well as existing SATA and PCI Express solutions for the average consumer will live on. OCZ Storage Solutions will have direct access to Toshiba NAND and will use it alongside OCZ’s proprietary controllers, firmware and software. A shortage of flash memory is rumored to be one of the reasons why the company went under in the first place.