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OCZ CEO says consolidation is inevitable on SSD market

Posted on Monday, February 18 2013 @ 12:48:00 CET by

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OCZ CEO Ralph Schmitt recently revealed at a Stifel Nicolaus technology conference that even though he has no immediate plans to sell the company, he believes that consolidation is inevitable on the SSD market. Full details at X-bit Labs.
OCZ Technology Group, one of the world’s largest and most successful independent makers of solid-state drives, was reportedly a strategic acquisition target for at least two major companies several months ago, but the transaction did not happen. The company’s new chief executive officer does not have immediate plans to sell the company and claims there are a lot of things to do as an independent firm, but claims that consolidation is inevitable on SSD market.

“That is an option for use to look at. It is not off the table. We are always interested in looking at strategic plans moving forward. I’ve said publicly before, this market is very early in its stage, there definitely will be consolidation and there is power and size [for that]. The two big power players are hard drive [manufacturers] and NAND flash [producers]. I do think that we have a lot of time in front of us as a standalone entity. It is about the amount of IP and differentiation we can put in place to make a difference. We will see how that will play out,” said Ralph Schmitt, chief executive of OCZ, at the Stifel Nicolaus technology conference recently.



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