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Dataram Acquired by LTL Group

PRINCETON, N.J. and KATY, Texas, Nov. 01, 2017 (GLOBE NEWSWIRE) -- Dataram Memory (“Dataram”), an independent producer of technology solutions for enterprise and data center environments, today announced that it has been acquired by and completed its integration with LTL Group based in Katy, Texas. In October, LTL Group acquired 100% of the ownership interest of Dataram from U.S. Gold Corp. David A. Moylan will remain with Dataram as President and CEO. Anthony M. Lougee will remain with Dataram as its CFO.

LTL Group, well-known for turn-key approach to electronic contract manufacturing services and supply chain management and quality solutions, intends to use Dataram for the introduction of new technically related products and services to the market while maintaining the quality focus, service orientation and customer commitment for which Dataram is known.

“The acquisition will amplify and accelerate the introduction of new product lines that will provide our current and future customers with a more comprehensive portfolio of technical products and services,” stated Dave Moylan. “As we do so, we will continue to demonstrate our proven commitment to high quality, reliable products and services for data intensive enterprise computing and data center environments.”

“Dataram’s customers and partners will recognize the benefits as we work with LTL Group to expand our product portfolio and deliver innovative, cost effective technical solutions while continuing to expand our global footprint,” continued Mr. Moylan. “The Dataram team is looking forward to growing our business and serving our customers and partners as part of the LTL Group.”

Dataram and LTL Group want to assure all parties that there will be no immediate changes to the way business is transacted by Dataram’s channel partners currently supporting Dataram products. Dataram is known globally for its dedication and level of service to its customers, partners, resellers and distributors, and its goal is to maintain strong communication and customer relationships during this transition period. Customers with any questions or concerns are asked to contact their sales representative, distribution or reseller partner, or email LTLGroup@dataram.com.

The acquisition of Dataram by LTL Group builds on a successful first six month period, in which Dataram achieved profitability, delivered more than $11 million in revenue, and successfully launched a storage solutions business which provides customers with SSDs (solid state drives), SD Cards, and MicroSD cards.

“Dataram has built a prominent and globally recognized brand name and company, and our vision is to make it even greater,” said Paul Nie, CEO of LTL Group. “Existing customers can rest assured that the high-quality, reliable technical solutions and strong support that they have experienced from Dataram will continue. Our intent is to make Dataram the go-to brand for high-performance technical solutions – including memory and storage solutions – for enterprise and data center customers around the world.”

About Dataram
Backed by more than 50 years of technology leadership and innovation, Dataram provides technology solutions that help customers simplify, consolidate, automate and scale their enterprise computing and data center environments. Dataram’s solutions include memory and storage, and related technical products and services for desktops, laptops, workstations and servers. The Company sells worldwide to OEMs, distributors, value-added resellers, embedded manufacturers, enterprise customers and end users. To learn more about Dataram, please visit www.dataram.com.

Dataram, Dataram Memory, and the Dataram logo are registered trademarks of Dataram Memory. All rights reserved. All other marks, names trademarks, or registered trademarks, may be the property of their respective titleholders.

Dataram Contact:
Jeffrey Goldenbaum
Director, Marketing
609.799.0071
info@dataram.com

Source: Dataram Memory