OCZ Completes Acquisition of UK Design Team From PLX

As expected

This is a Press Release edited by StorageNewsletter.com on October 26, 2011 at 2:58 pm

OCZ Technology Group, Inc. has completed the acquisition of the UK Design Team and certain assets from PLX Technology, Inc.

Pursuant to the agreement, OCZ acquired among other items, access to substantial IP and the UK Design Team, which consists primarily of approximately 40 engineers located in Abingdon, United Kingdom.

PLX will retain their existing line of products which they will continue to support and supply to their customer base, and any patents related to the technology, for which OCZ will receive a perpetual license.

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