Public Company Dataram Acquired by LTL Group

Dataram Memory, producer of technology solutions for enterprise and data center environments, has been acquired by and completed its integration with LTL Group, Inc. based in Katy, TX. 

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 and Anthony M. Lougee as iCFO.

LTL Group, with 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 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,” he continued. “The Dataram team is looking forward to growing our business and serving our customers and partners as part of the LTL Group.”

Both companies 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 communication and customer relationships during this transition period.

The acquisition builds on a successful first six month period, in which Dataram achieved profitability, delivered more than $11 million in revenue, and launched a storage solutions business which provides customers with SSDs, 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, 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.”