M-Systems Ltd., (sometimes spelled
msystems) was a
Nasdaq-listed
Israeli producer of
Flash memory storage products founded in 1989 by
Dov Moran and based in
Kfar Saba, Israel. They were best known for developing and patenting the first
flash drive, marketed in 1995 as
DiskOnChip, and the first
USB flash drive, marketed in 1999 as
DiskOnKey. They also created the patented
True Flash Filing System (TrueFFS) which presented the flash memory as a disk drive to the computer. After 17 years of business, they were acquired by their prior competitor,
SanDisk, in 2006. The DiskOnChip (DOC) was developed at the R&D Center established by M-Systems called EUROM. Rick Iorillo, Rony Levy and David Deitcher were the individuals that worked on the development and marketing of the first 2
MB DOC. This product went on to receive the Most Innovative Award from EDN in 1995 and later went on to become the Flash Drive and DiskOnKey.