OCZ Technology announced that it has signed an agreement to acquire the UK Research and Development Team of PLX Technology. As part of the deal, OCZ will also obtain a perpetual license to substantial portions of PLX’s intellectual property (IP) assets.
“We are pleased to augment our engineering organization with the UK Design Team as they have been providing best of breed system-on-chip designs, software, and firmware since 1992,” said Ryan Petersen, CEO of OCZ Technology. “We believe the additional engineers along with the access to increased IP resources will enable us to significantly reduce the costs associated with storage protocol licensing, while simultaneously speeding our time to market.”
The design team has a reputation for building innovative and reliable system-on-chip (SOC) solutions and will further augment OCZ’s ability to maintain its current position as a leader in the SSD market.
Since exiting the memory business earlier this year, OCZ has focused on its core business of SSD production, also acquiring controller manufacturer Indilinx along the way. The purchase of the PLX R&D team adds further expertise to OCZ’s rapidly expanding capabilities, which the company intends to use to accelerate development of new products at a reduced cost to the consumer.
The deal is expected to close this month. While it likely won’t have an impact on any current products, the new team members and licenses will certainly play a greater role in the next generation of drives.
Articles RSS