Memphis Electronic positions itself for growth to meet demand for specialty storage solutions with a Walden International-sponsored management buyout.
OBERURSEL, GERMANY, November 16, 2021 /EINPresswire.com/ – In the 30th anniversary of the company, the special memory distributor and memory module manufacturer, MEMPHIS electronics, positions itself for global growth to meet the current demand for specialty storage solutions through an exemplary management buyout led by Walden International, a leading global VC (venture capital) company specializing in technology investments.
As part of this transaction, a new holding company was named Neumonda was founded, which regulates the most comprehensive special storage portfolio as such among its three separate units:
• MEMPHIS Electronic – a distributor of memory ICs and module solutions will continue to expand its special product portfolio and offer its customers both new and proven memory solutions from a single source.
• Smart storage – A memory manufacturer taking its current DRAM-focused product portfolio to the next level by adding NAND flash-based memory product offerings and solutions offered through its own growing network of global distributors.
• Neumonda Technology – A technology-driven company that owns extensive intellectual properties on its revolutionary new application-based tester and system-level failure analysis to validate and improve the quality of its storage solutions to new levels. Its unique offering in the market aims to help storage solution manufacturers navigate increasingly complex and diversified applications such as industrial Internet of Things (IIOT), artificial intelligence (AI) and edge computing.
“Special storage is a huge growth market that is being driven by digitization and automation in various industries,” says Dr. Hing Wong, Managing Director at Walden International. “We have determined that Memphis has an unmatched thirty years of market experience, and our coordinated investment will bring that experience and new application test solutions to global markets with sustained growth.”
The current Chief Technology Officer (CTO) of MEMPHIS and the former Vice President of Memory Product Development at Qimonda, Prof. Dr. Peter Poechmüller and Marco Mezger, the former Chief Operating Officer (COO) and President of Memphis Electronic will be the new holding company.
Prof. Dr. Peter Poechmüller will continue to drive innovation as Chief Executive Officer (CEO) and Chief Technology Officer (CTO) with a strong focus on Neumonda Technology in order to further expand his IP portfolios.
Marco Mezger is a thought leader in the semiconductor industry and as Executive Vice President (EVP) and Chief Operating Officer (COO) will drive the global expansion of Neumonda and its subsidiaries.
“The latest pandemic has accelerated the use of technology many times over in all industries and is driving the enormous demand for special storage devices,” explains Marco Mezger. “With our new corporate structures, we are creating storage expertise that is unique in the market, addressing the need for storage and storage solutions along the entire value chain and helping us achieve global success and growth.”
About MEMPHIS Electronic
MEMPHIS Electronic is a leading specialized distributor for memory ICs, memory modules and NAND flash solutions. The company, founded in 1991, has over 30 years of experience in the market. With a 100 percent focus on memory and a portfolio of over 20 manufacturers, MEMPHIS Electronic offers a wide range of memory solutions for demanding embedded applications. Storage experts at twelve locations around the world offer regional support and manufacturer recommendations to ensure the most suitable technology solution for their customers’ projects.
About Walden International
Walden International is a leading international venture capital firm that has been providing investors with access to cross-border IT opportunities with the benefit of an unrivaled pan-Asian network since 1987. Walden International has invested in over 500 companies in 12 countries, with more than 100 IPOs on 15 stock exchanges and more than 70 M&A exits.