Neosem Holdings, Inc., a wholly owned subsidiary of Neosem Inc. today announced that it has completed the acquisition of Flexstar Technology, Inc. Flexstar is a leading provider of advanced test and related proprietary software solutions for the storage technology market. The Company’s innovative testing solutions are used by the world’s leading data storage system manufacturers to enable development, quality assurance and reliability testing for a variety of storage devices.
“Flexstar’s partnership with Neosem creates a global technology leader focused on SSD test technologies,” commented DH Yeom, CEO of Neosem. “Our combined technology, engineering and service offerings enhances our collective differentiation and market position. Together we are poised to take advantage of the growth and opportunities in the rapidly evolving storage technology marketplace.”
Andrew Warner, CEO of Flexstar Technology, commented, “We are excited to join the Neosem family and look forward to continuing to provide innovative, high-quality solutions and services to our customers worldwide. Bringing together two leaders in the SSD testing market will strengthen both companies and allow us to better serve our collective customer base. In addition, this transaction is highly strategic and will create new growth and innovation opportunities, as well as cost savings for both organizations.”
Flexstar will continue to operate out of its San Jose, CA, headquarters and Longmont, CO facility. Specific terms of the transaction have not been disclosed.