Seagate Software

Seagate Software, Inc.
FoundedSeptember 1995
DefunctNovember 2000
SuccessorVeritas Technologies
Arctera
HeadquartersUnited 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][2] Kevin Azzouz, Arcada CEO was elected by the Seagate board as president.[3]

Seagate Software sold its Network and storage Management group division to Veritas Software in 1999 in a deal worth $1.6 billion,[4] 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.[5] The finalisation of the deal was announced on November 22, 2000.[6]

See also

References

  1. ^ Lapolla, Stephanie (1995-11-20), "Palindrome, Arcada set to meld lines.(Seagate Technology's acquisition of Conner Peripherals will merge respective subsidiaries, Palindrome, Arcada Software) (Company Business and Marketing)", PC Week, v12 (n46), Ziff Davis Enterprise: 1(105), ISSN 0740-1604
  2. ^ "Seagate Acquires Arcada Stake". New York Times. Bloomberg Business News. February 20, 1996. Retrieved August 7, 2020.
  3. ^ Leon, Mark (February 26, 1996). "Seagate vies for more of LAN market". InfoWorld. Retrieved August 7, 2020.
  4. ^ Veritas Software to Acquire Seagate Unit in Stock Swap, By LAWRENCE M. FISHER, Published: October 6, 1998, NYTimes.com
  5. ^ "Seagate, VERITAS Software and Investor Group Led by Silver Lake Partners Announce Landmark $20 Billion Transaction". Seagate. Retrieved August 7, 2020.
  6. ^ "VERITAS Software and Seagate Technology Announce Completion of Multi-Company Transaction". Seagate. Retrieved August 7, 2020.
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