Segate To Buy OCZ Technology: Report

Thursday, July 19, 2012

Segate To Buy OCZ Technology: Report

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OCZ Technology will be reportedly acquired by Seagate Technology Plc, a move that would to boost Seagate's solid-state drive (SSD) product portfolio.

Fudzilla.com reported on Thursday that the deal could be announced as early as next week.

Seagate and OCZ Technology have not commented on the repor.

An OCZ acquisition would boost Seagate's margins and help it establish a firmer foothold in the lucrative enterprise segment, where SSDs are gaining popularity.