Seagate Software Explained

Seagate Software, Inc.
Founded:September 1995
Hq Location:United States
Key People:Kevin Azzouz

Seagate Software, Inc., was an international software company formed when Seagate Technology, merged its software assets with Arcada Software.[1] Kevin Azzouz, Arcada CEO was elected by the Seagate board as president.[2]

Seagate Software sold its Network and storage Management group division to Veritas Software in 1999 in a deal worth $1.6 billion,[3] whilst retaining the Information Management Group, which was later rebranded as Crystal Decisions. On March 29, 2000, Seagate announced the sale of all its remaining Veritas Software shares to Veritas Software.[4] The finalisation of the deal was announced on November 22, 2000.[5]

See also

Notes and References

  1. News: Seagate Acquires Arcada Stake . August 7, 2020 . Bloomberg Business News . New York Times . February 20, 1996.
  2. News: Leon . Mark . Seagate vies for more of LAN market . August 7, 2020 . InfoWorld . February 26, 1996.
  3. https://www.nytimes.com/1998/10/06/business/veritas-software-to-acquire-seagate-unit-in-stock-swap.html Veritas Software to Acquire Seagate Unit in Stock Swap
  4. Web site: Seagate, VERITAS Software and Investor Group Led by Silver Lake Partners Announce Landmark $20 Billion Transaction . Seagate . August 7, 2020.
  5. Web site: VERITAS Software and Seagate Technology Announce Completion of Multi-Company Transaction . Seagate . August 7, 2020.

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