Printed from http://www.electronista.com

OCZ set to acquire SSD controller maker Indilinx

updated 09:40 pm EDT, Mon March 14, 2011

Deal said to be worth $32 million

OCZ Technology has announced that it is set to acquire Indilinx, a South Korea-based company that specializes in SSD controllers. Indilinx controllers have been present in some of OCZ's SSD lineup since late in 2008, including the Z-Drive series of PCIe-based drives. OCZ suggests the buyout will help the company expand its reach into the embedded, hybrid storage and industrial markets.

Although OCZ will gain Indilinx' intellectual property, which includes approximately 20 patents and pending applications, the latter company will continue to produce and distribute its existing controller products to other SSD manufacturers. OCZ also noted that it will continue to purchase controllers from separate companies, such as SandForce.

The terms of the buyout include $32 million worth of OCZ stock, bringing Indilinx a 9.5 percent stake in the company. The deal is expected to be closed within 30 days, pending regulatory approvals and resolution of other minor issues. [via PC Perspective]



By Electronista Staff
Post tools:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Crucial MX100 256GB SATA-3 SSD

While the price-per-gigabyte ratio for magnetic platter-based hard drives can't be beat, the speed that a SSD brings to the table for ...

Narrative Clip

With the advent of social media technology, people have been searching for new ways to share the events of their daily lives -- be it ...

Blue's Mikey Digital

Blue Microphones, a company that makes some of the most popular digital USB microphones among podcasters and musicians, has for some t ...

Sponsor

toggle

Most Commented

 
toggle

Popular News