Seagate Technology, Inc. is a leading independent manufacturer of disc drives based in Scotts Valley, CA. Founded in 1979 by Alan Shugart, Tom Mitchell, and Doug Mahon, Seagate has been a pioneer in the technology industry. The company was the first to sell a five-megabyte drive utilizing 5.25″ platters, which was specifically created for the growing desktop computer market.
Since then, Seagate has made several strategic acquisitions to expand its offerings, including Imprimis Technologies – a CDC subsidiary that produced workstation and mainframe drives – in 1989, and Conner Peripherals in 1996. These purchases significantly increased Seagate’s revenue, bringing it up to over $8 billion USD.
Seagate also expanded its reach into software by creating Seagate Software subsidiaries in the U.S. and Europe through the acquisition of various software companies. Today, they offer products in asset, network, storage, and information management.
Moreover, Seagate acquired Maxtor Corporation, established in 1982, in 2006 which further positioned Seagate as a significant player in the industry.
Frequently Asked Questions
What does Seagate Technology do?
Seagate Technology is the largest independent manufacturer of disc drives that offer a range of products in asset, network, storage, and information management.
When was Seagate Technology founded?
Seagate Technology was founded in 1979 by Alan Shugart, Tom Mitchell, and Doug Mahon.
What were the major acquisitions made by Seagate Technology?
Seagate Technology acquired Imprimis Technologies in 1989, Conner Peripherals in 1996, and Maxtor Corporation in 2006.
Final Thoughts
Seagate Technology has been at the forefront of innovation in the tech industry since its inception. With a focus on expanding its offerings through strategic acquisitions, Seagate has established itself as the largest independent manufacturer of disc drives. Additionally, with a foray into the world of software management, Seagate continues to evolve and adapt to the needs of the tech industry.
