Company:Seagate Software

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Seagate Software, Inc.
FoundedSeptember 1995
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 was sold to Veritas Software in 1999 in a deal worth $1.6 billion.[4] 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 (Ziff Davis Enterprise) v12 (n46): 1(105), ISSN 0740-1604 
  2. "Seagate Acquires Arcada Stake". New York Times. Bloomberg Business News. February 20, 1996. https://www.nytimes.com/1996/02/20/business/seagate-acquires-arcada-stake.html. Retrieved August 7, 2020. 
  3. Leon, Mark (February 26, 1996). "Seagate vies for more of LAN market". InfoWorld. https://books.google.com/books?id=wj4EAAAAMBAJ&q=arcada+ceo+kevin+seagate&pg=PA43. 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. https://www.seagate.com/gb/en/news/news-archive/Seagate,%2BVERITAS%2BSoftware%2Band%2BInvestor%2BGroup%2BLed%2Bby%2BSilver%2BLake%2BPartners%2BAnnounce%2BLandmark%2B$20%2BBillion%2BTransaction/. Retrieved August 7, 2020. 
  6. "VERITAS Software and Seagate Technology Announce Completion of Multi-Company Transaction". Seagate. https://www.seagate.com/gb/en/news/news-archive/VERITAS%2BSoftware%2Band%2BSeagate%2BTechnology%2BAnnounce%2BCompletion%2Bof%2BMulti-Company%2BTransaction/. Retrieved August 7, 2020.