David A. Moylan will remain with Dataram as CEO and president, and Anthony M. Lougee will still be chief financial officer.
LTL Group is known for a turn-key approach to electronic contract manufacturing services and supply chain management and quality solutions.
Dataram will allow LTL to introduce new technically related products and services, while saying it will maintain Dataram’s quality focus, service orientation and customer commitment.
“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,” Moylan said. “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.”
The deal will result in no immediate changes to the way business is conducted with Dataram’s channel partners.
The acquisition of Dataram by LTL Group builds on a successful first six-month period when Dataram delivered more than $11 million in revenue and successfully launched a storage solutions business that provides customers with 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 LTL Group CEO Paul Nie. “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.”