who bought seagate

When did Seagate go private?

On November 22, 2000, Seagate management, Veritas Software and an investor group led by Silver Lake closed a complex deal taking Seagate private in what was at the time the largest buyout ever of a technology company.

Does Seagate own Crystal Decisions?

After producing versions 1.0 through 3.0, Crystal Services was acquired by Seagate Technology in 1994. Crystal Services was combined with Holistic Systems to form the Information Management Group of Seagate Software, which later rebranded as Crystal Decisions and produced versions 4.0 through 9.0.

What is the legal name of Seagate Technology?

Since 2000 relocation to the Cayman Islands, the legal name of a holding company was simplified to Seagate Technology. De facto operational company, incorporated in Delaware, became a limited liability company named Seagate Technology LLC and as such operates to this day.

Where is Seagate headquarters located?

James J. Murphy (Exec. VP) Seagate Technology Holdings plc, is a global data storage company. It was incorporated in 1978 as Shugart Technology and commenced business in 1979. Since 2010, the company has been incorporated in Dublin, Ireland, with operational headquarters in Fremont, California, United States.

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Is Seagate owned by Samsung?

Meanwhile, Samsung gets a 9.6 percent ownership stake in Seagate, a good bit of cash, and supplies of Seagate hard drives for its computers. Some hard drives will retain the Samsung name for twelve months while Seagate realigns the brand.

Who did Seagate merge with?

Technology HardwareCompany Seagate Technology's largest acquisition to date was in 2017, when it acquired Kioxia Holdings for $18.0B. It's largest disclosed sale occurred in 2015, when it sold eVault to Carbonite for $14M.

Is Seagate owned by WD?

Seagate vs Western Digital FAQ Seagate and Western Digital (WD) are both well-known American computer hard disk manufacturers and data storage solution providers. They are two giants that dominate the hard disk market. Western Digital does not belong to Seagate, and vice versa.

What brands does Seagate own?

Much of their growth has come through their acquisition of competitors. In 1989, Seagate acquired Control Data Corporation's Imprimis division, the makers of CDC's HDD products. Seagate acquired Conner Peripherals in 1996, Maxtor in 2006 and Samsung's HDD business in 2011.

Is Seagate better than WD?

Winner: Seagate Seagate is currently on top of the race for larger internal storage and speed, though not by much. Western Digital still holds its own in the lower- to mid-range market.

Who makes Seagate SSD drives?

List of solid-state drive manufacturersNameDomiciled inManufactures flash memory controllerSanDiskUnited StatesFormerly, now a brand of WDSeagate TechnologyUnited States and IrelandYes, through its subsidiary SandForce and stake in KioxiaSilicon PowerTaiwanNoSK hynixSouth KoreaYes (since 2012)55 more rows

What is the most reliable hard drive brand?

The 8 Most Reliable Hard Drives According to Server CompaniesPremium pick. Seagate Exos X14. See On Amazon. ... Editors choice. Seagate IronWolf Pro NAS. See On Amazon. ... Best value. WD Black WD10SPSX. See On Amazon. ... WD Blue WD40EZAZ. See On Amazon. Brand Western Digital. ... WD Gold WD2005FBYZ. See On Amazon. Brand Western Digital.

Who bought SanDisk?

Western DigitalWestern Digital has now officially purchased flash memory manufacturer SanDisk after regulator approval was passed earlier this week. The agreement between the two storage companies was originally announced last October in a deal worth nearly $19 billion.

Which company is best for external hard disk?

Here is a list of the best external hard disk available in the market:Silicon Power Portable External Hard Drive.LaCie Rugged Mini Drive.SanDisk Extreme Portable External SSD.Seagate Game Drive Portable HDD.WD Portable Gaming Drive.Samsung T5 Portable SSD.Toshiba Canvio Gaming Portable Drive.More items...•

How long do Seagate hard drives last?

It is common to see MTBF ratings between 300,000 to 1,200,000 hours for hard disk drive mechanisms, which might lead one to conclude that the specification promises between 30 and 120 years of continuous operation.

Who manufactures Samsung hard drives?

Under the terms of the transaction, Seagate has gained select elements of Samsung's HDD business, including assets, infrastructure and employees which enable Seagate to drive scale and innovation. These assets include Samsung's leading M8 product line of high-capacity, 2.5-inch HDDs.

Is Seagate made in China?

After Seagate shuts down its plant in Suzhou, China, it will have two vertically integrated HDD production facilities in Wuxi, China, and Korat, Thailand.

Is Seagate owned by Microsoft?

Seagate Technology, the company that helped create the disk drive business, announced today it will be bought by Veritas Software and an investment group in a complex $20 billion deal.

Does Veritas own Seagate?

In this unified transaction, VERITAS Software will acquire Seagate, which then will exclusively hold 128 million shares of VERITAS Software, the investment securities of SanDisk, Gadzoox Networks, CVC, and Dragon Systems and cash.

Who owns Western Digital?

Western DigitalWestern Digital Technologies, Inc. / Parent organizationWestern Digital Corp (NASDAQ:WDC) Institutional investors hold a majority ownership of WDC through the 87.98% of the outstanding shares that they control. This interest is also higher than at almost any other company in the Computer Peripherals industry.

Who was the founder of Seagate Technology?

Seagate was established in 1979 in Scotts Valley, California, by a group of businesspeople, including Alan Shugart, who had been an engineer with Memorex for four years after spending 18 years at IBM.

How much did Seagate sell in 1983?

The large volumes of units sold to IBM fueled Seagate's early growth. In their first year, Seagate shipped $10 million worth of units to consumers. By 1983, the company shipped over 200,000 units for revenues of $110 million.

Who is the founder of Seagate?

Seagate Technology (then called Shugart Technology) was incorporated on November 1, 1978, and commenced operations with co-founders Al Shugart, Tom Mitchell, Doug Mahon, Finis Conner and Syed Iftikar in October 1979. The company came into being when Conner approached Shugart with the idea of starting a new company to develop 5.25-inch HDDs which Conner predicted would be a coming economic boom in the disk drive market. The name was changed to Seagate Technology to avoid a lawsuit from Xerox's subsidiary Shugart Associates (also founded by Shugart).

What is Seagate Technology?

Seagate Technology Holdings plc, an Irish public limited company (commonly referred to as Seagate ), is an American data storage company. It was incorporated in 1978 as Shugart Technology and commenced business in 1979.

How many employees will Seagate lay off in 2020?

In 2020, Seagate lays off 500 employees across 12 countries in late May to June due to its plan to push for better operational efficiencies. Seagate Technology plans for the rearrangement of more resources, including combining facilities in Minnesota.

How long did it take Seagate to ship 1 billion HDDs?

In April 2008, Seagate was the first to ship 1 billion HDDs. According to CNet, it took 17 years to ship the first 100 million and 15 years to ship the next 900 million. In 2009, Bill Watkins was released from employment as CEO.

What year did Seagate introduce Barracuda?

This included a domestic partnership with Corning Inc., which began using a new glass ceramic compound to manufacture disk substrates. In 1991, Seagate also introduced the Barracuda HDD, the industry's first hard disk with a 7200-RPM spindle speed.

When did Seagate resign?

In September 1991 , Tom Mitchell resigned as president under pressure from the board of directors, with Al Shugart reassuming presidency of the company. Shugart refocused the company on its more lucrative markets and on mainframe drives instead of external drives. He also pulled away from the practice of outsourcing the production of components overseas, which allowed Seagate to better keep up with demand as the demand for PCs increased extremely rapidly in 1993 across the market. This included a domestic partnership with Corning Inc., which began using a new glass ceramic compound to manufacture disk substrates. In 1991, Seagate also introduced the Barracuda HDD, the industry's first hard disk with a 7200-RPM spindle speed.

Who owns Xyratex storage?

Xyratex is the best storage company you've never heard of. The completion of their acquisition by Seagate signals a new emphasis on quality and a focus on the business market. Here's why.

Do disk drive vendors have market power?

The disk drive vendors have finally found market power.

How much did Apple buy Seagate?

On Aug. 19, Apple completed a $290 million purchase of two office buildings around the corner from where Rubicon bought the Seagate building. Apple had been a tenant in those office buildings at the corner of Stevens Creek Boulevard and Torre Avenue and chose to become an owner rather than a renter in that instance.

Where is Seagate located?

In 2013, Seagate, a maker of data storage devices such as disk drives, shifted a big chunk of its research and development operations in Silicon Valley to the East Bay by creating a $180 million tech center in Fremont. The Fremont building, located at 47488 Kato Road, totals roughly 411,000 square feet. The building once was occupied by failed ...

Where is the Seagate office building in Cupertino?

Cupertino office building at 10200 S. De Anza Blvd. Seagate Technology has sold a big Cupertino office building to a realty investment firm in a deal that points to ongoing interest in that Silicon Valley market.

How much did Rubicon pay for the office building?

Rubicon had recently widened its Bay Area holdings with a downtown San Jose purchase of two older office towers, paying $141.4 million for the office complex.

Who bought the office building in Santa Clara?

Rubicon Point Partners was the buyer of the office building in a deal that was completed on June 18, according to Santa Clara County public records.

Did Seagate respond to requests for a comment about the situation?

The timing of an exit from Cupertino wasn’t immediately known. Seagate didn’t immediately respond to requests for a comment about the situation .

What hardware companies did Western Digital buy?

As a result, Western Digital purchased a number of hardware companies. These included graphics cards (through its Paradise subsidiary, purchased 1986, which became Western Digital Imaging), core logic chipsets (by purchasing Faraday Electronics Inc. in 1987), SCSI controller chips for disk and tape devices (by purchasing ADSI in 1986), networking ( WD8003, WD8013 Ethernet and WD8003S StarLAN ). They did well (especially Paradise, which produced one of the best VGA cards of the era), but storage-related chips and disk controllers were their biggest money makers. In 1986, they introduced the WD33C93 single-chip SCSI interface, which was used in the first 16-bit bus mastering SCSI host adapter, the WD7000 "FASST"; in 1987 they introduced the WD37C65, a single-chip implementation of the PC/AT's floppy disk controller circuitry, and the grandfather of modern super I/O chips; in 1988 they introduced the WD42C22 "Vanilla", the first single-chip ATA hard disk controller.

When did Western Digital acquire Komag?

In 2007, Western Digital acquired magnetic media maker Komag. Also in the same year, Western Digital adopted perpendicular recording technology in its line of notebook and desktop drives. This allowed it to produce notebook and desktop drives in the largest classes of the time. Western Digital also started to produce the energy efficient GP (Green Power) range of drives.

When did Western Digital stop making ATA hard drives?

In December 2013, Western Digital stopped manufacturing parallel ATA hard disk drives for laptops (2.5-inch form factor) and desktop PCs (3.5-inch form factor). Until that time, they were last hard disk manufacturer to produce PATA hard disk drives. Furthermore, they were the only manufacturer that had 250 GB and 320 GB in 2.5-inch form factor.

When did the Expert line of drives come out?

The result was the Expert line of drives, introduced in early 1999. The idea worked, and Western Digital regained respect in the press and among users, even despite a recall in 2000 (which was due to bad motor driver chips). Western Digital later broke ties with IBM.

Is HGST a Western Digital company?

The HGST brand was phased out in 2018, and since then, all HGST -branded products are just branded Western Digital.

When was Crystal Services acquired?

After producing versions 1.0 through 3.0, Crystal Services was acquired by Seagate Technology in 1994. Crystal Services was combined with Holistic Systems to form the Information Management Group of Seagate Software, which later rebranded as Crystal Decisions and produced versions 4.0 through 9.0.

Who is the founder of Crystal Decisions?

^ "Meet the Team". Indicee. Archived from the original on 2012-10-11. Retrieved 2012-10-11. As the founder of Vancouver-based Crystal Decisions in 1984, Cunningham grew the company over ten years into a global software business around its flagship product, Crystal Reports.

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