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

Sound Blaster Roar Bluetooth speaker

There could very well be a new king of the hill for Bluetooth speakers, with Sound Blaster's recent entry into the marketplace. Bringi ...

Kenu Airframe Plus

Simple, stylish and effective, the Kenu Airframe + portable car mount is the latest addition to Kenu's lineup. Released earlier this y ...

Plantronics Rig Surround 7.1 headset

Trying to capture the true soundscape of video games can be a daunting task. Looking to surround-sound home theater options, users hav ...

Sponsor

toggle

Most Commented

 
toggle

Popular News