Toshiba's purchase of bankrupt SSD manufacturer OCZ, announced last December, has been completed. The acquisition means that both OCZ's consumer and enterprise products will remain on the market.
What was once OCZ Technology Group is now OCZ Storage Solutions, a wholly owned subsidiary of Toshiba. "Substantially all" of OCZ's assets are now owned by Toshiba, and OCZ will retain its headquarters in San Jose and its design centers in California, Israel, and the UK.
The bankruptcy and subsequent sale appear to have done little to interrupt OCZ's operations. The company today announced the latest generation of Vertex-branded SSDs, the Vertex 460. The SATA disks are available in 120GB, 240GB, and 480GB capacities, with sequential read and write speeds of 545MBps and 525MBps, respectively; integrated AES-256 encryption; and an endurance of 20GB per day of writes for three years.
According to OCZ's Ralph Schmidt, the company's bankruptcy came on the back of "credit issues," NAND flash supply problems, and increasing competitiveness in the SSD space. Spinning magnetic disks still retain the large majority of the storage market, but SSDs are predicted to represent a third of sales by 2017.