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Seagate Software

Summary

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, Inc.
FoundedSeptember 1995
HeadquartersUnited States
Key people
Kevin Azzouz

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 edit

References edit

  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.