In the company's 30th year of existence, the specialty memory distributor and memory module manufacturer, MEMPHIS Electronic, positions itself for global growth to address the current surge of specialty memory solutions market demand by an exemplary Management Buyout lead by Walden International, a global leading VC (Venture Capital) firm that specializes in technology investments.
As part of this transaction, a new holding company called Neumonda has been established that governs the most complete specialty memory portfolio under its three separate entities as such:
MEMPHIS Electronic - A distributor of memory ICs and module solutions will continue to expand its specialty product portfolio and to offer their customers both new and proven memory solutions from a single source.
Intelligent Memory - A memory manufacturer that will take its current DRAM focused products portfolio into the next level by expanding it into NAND Flash based storage products offerings and solutions that will be offered through its own growing network of global distributors.
Neumonda Technology – A technology focused company who owns substantial IP (Intellectual Properties) for its revolutionary new application-based system-level Tester and Failure Analysis to validate its memory solutions and improve their quality into whole new levels. Its unique offering in the market aims to help manufacturers of memory solutions to navigate the increasingly complex and diversified applications such as Industrial Internet of Things (IIOT), Artificial Intelligence (AI) and Edge Computing.
Specialty memory is a huge growth market that is propelled by digitization and automation in various industries, said Dr. Hing Wong, Managing Director at Walden International. We found that Memphis has an unmatched thirty-year market experience, and our coordinated investment will bring this experience and new application testing solutions with sustainable growth to global markets.
The current MEMPHIS Chief Technology Officer (CTO) and the former Vice President of Memory Product Development at Qimonda, Prof. Dr. Peter Poechmueller, as well as Marco Mezger, the former Chief Operating Officer (COO) and President of Memphis Electronic will lead the new holding company.