Seagate Technology Plc

Seagate Technology Plc

Seagate Technology Plc

Overview
Date Founded

1978

Headquarters

47488 Kato Rd, Fremont, California, 945387319, USA

Type of Company

Public

Employees (Worldwide)

42K

Industries

Computer Hardware
Industrial Machinery & Manufacturing
Internet Software & Services
Computer Software
IT Consulting & Services
Appliances & Electronics
Other Manufacturing
Electrical Products

Company Description

Founded in 1979, Seagate is the leading provider of hard drives and storage solutions. From the videos, music and documents we share with friends and family on social networks, to servers that form the backbone of enterprise data centers and cloud-based computing, to desktop and notebook computers that fuel our personal productivity, Seagate products help more people store, share and protect their valuable digital content. Seagate offers the industry’s broadest portfolio of hard disk drives, solid-state drives and solid-state hybrid drives. In addition, the company offers an extensive line of retail storage products for consumers and small businesses, along with data-recovery services for any brand of hard drive and digital media type. Seagate employs more than 50,000 people around the world

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Executives & Employees

Chief Executive Officer

Executive Chairman

Executive Vice President & Chief Financial Officer

Chief Sales Officer & Chief Marketing Officer

Senior Vice President & Chief Technology Officer

Executive Vice President of Storage Services & Chief Information Officer

Senior Vice President, Chief Legal Officer

Vice President & General Manager-Seagate Magnetics

Executive Vice President of Operations & Technology

Executive Vice President of Global Sales & Sales Operations

Board of Directors

President & Chief Executive Officer at Resideo Technologies, Inc.

Executive Chairman at Seagate Technology Plc

Founder at Vida Health, Inc.

Corporate Strategy Advisor at Novasignal Corp.

President & Chief Executive Officer at Smart Global Holdings, Inc.

Senior Vice President, Corporate Controller & Chief Accounting Officer at Cisco Systems, Inc.

Director at Rapid7 LLC

Chief Executive Officer at Seagate Technology Plc

Senior Vice President & Chief Information Officer at Verizon Wireless, Inc.

Dialog Semiconductor Plc

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Owners & Shareholders
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ValueAct Capital was initially formed in June 2000 to manage the capital of its three founders, along with the capital of a limited number of outside investors, in an investment strategy that combines intensive due diligence, a concentrated number of investments, and active, constructive involvement in the value creation at those investments. Today, with offices in San Francisco and Boston, ValueAct Capital manages more than $8.0 billion on behalf of some of the world's most respected institutional and individual investors. ValueAct Capital concentrates on acquiring significant ownership stakes in a limited number of companies that it believes are fundamentally undervalued. The investment team seeks to identify companies that are out of favor, or may be undergoing significant transition. Such companies may be temporarily mispriced for a variety of reasons, including perceived unfavorable industry conditions, poor business performance, changes in management or ownership, reorganizations, or other external factors. These conditions can often result in fundamentally "good" businesses that are available at depressed valuations. The goal in each investment is to work productively with management and/or the company's board to implement a strategy or strategies that maximize returns for all shareholders. ValueAct Capital is typically one of the largest independent shareholders at each of its core company investments and works in a constructive manner with management and/or the company's board to successfully implement strategies that generate superior returns on invested capital. The seven investment partners have extensive experience working effectively with portfolio companies as long-term large shareholders, and oftentimes as members of the companies' boards. At any given time, the portfolio consists of ten to eighteen core company investments, as well as a small "farm team" of additional investments in development.

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ClearBridge Investments offers strong leadership, seasoned Portfolio Managers, and a well-resourced, centralized investment infrastructure operating from offices in New York and San Francisco. We benefit from the formidable strength of the Legg Mason organization, while continuing to operate with investment independence — maintaining our own investment strategies, philosophies and investment decision-making authority. ClearBridge currently has over 158 employees, including more than 54 investment professionals.

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LSVAM is a quantitative value equity manager that provides active investment management for institutional investors through the application of proprietary investment models. The firm's investment approach is based on the premise that superior long-term results can be achieved by systematically exploiting the judgmental biases and behavioral weaknesses that influence the decisions of many investors. LSVAM uses a strictly quantitative investment model to identify out-of-favor (undervalued) stocks that have the potential for near-term appreciation. They select individual securities using a bottom-up, quantitative approach. All of their investment strategies use the same approach with investments segmented into different market-cap ranges and/or geographic regions.

Recent Transactions
Details Hidden

Innovation Network Corporation of Japan, Ltd., Bain Capital Private Equity LP, Development Bank of Japan, Inc. /Private Equity, Toshiba Memory Corp. /Private Group purchase KIOXIA Corp. from Toshiba Corp.

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Cray, Inc. purchases Seagate Cloud Systems, Inc. /Storage Bus from Seagate Technology Plc

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Carbonite, Inc. purchases EVault, Inc. from Seagate Technology Plc

Transaction Advisors
Legal Advisor

Advised onSeagate Technology Plc purchases Maxtor Corporation

Underwriter

Advised onSeagate Technology Plc issued USD Common Stock

Underwriter

Advised onSeagate Technology Plc issued USD Common Stock

Legal Advisor

Advised onSeagate Technology Plc purchases Dot Hill Systems Corp.

Legal Advisor

Advised onSeagate Technology Plc purchases Maxtor Corporation

Counsel

Advised onSeagate Technology Plc purchases Maxtor Corporation

Advisors & Consultants
Legal Advisor

Partner, Palo Alto at Cooley LLP

Legal Advisor

Partner, Palo Alto at Cooley LLP

Legal Advisor

Partner at Wilson Sonsini Goodrich & Rosati PC

Clients

Dell Technologies, Inc. is a holding company, which engages in the provision of information technology hardware, software, and service solutions through its subsidiaries. It operates through the following segments: Infrastructure Solutions Group (ISG), Client Solutions Group (CSG), and VMware. The ISG segment includes servers, networking, and storage, as well as services and third-party software and peripherals that are closely tied to the sale of ISG hardware. The CSG segment consists of sales to commercial and consumer customers of desktops, thin client products, and notebooks. The VMware segment provides compute, cloud management, networking and security, storage and availability, and other end-user computing offerings. The company was founded by Michael Saul Dell in 1984 and is headquartered in Round Rock, TX.

Dell, Inc. engages in the manufacture of electronic devices. Its products include laptops, desktops, tablets, thin clients, printers, monitors, software, workstations and accessories. The company was founded by Michael Saul Dell on February 1, 1984 and is headquartered in Round Rock, TX.

Quanta Computer, Inc. engages in the development and manufacture of notebook portable computers (PC). It offers laptops, blade servers, rack servers, server motherboards, local area network cards, storage, networking switches, home base PC, encoding cameras, industrial computers, and wireless communication products. The company founded by Pai Li Lin in 1988 and is headquartered in Taoyuan, Taiwan.

Key Stats and Financials As of 2020
Market Capitalization
$21B
Total Enterprise Value
$15.1B
Earnings Per Share
$3.79
EBITDAMargin
16.79%
Net Profit
$1B
Revenue
$10.5B
EBITDA
$1.76B
Total Equity
$1.79B
Three Year Compounded Annual Growth Rate Of Revenue
-0.82%
Total Debt
$4.24B
Debt TEV
0.28x
TEVNet Income
15x
Enterprise Value EBITDAOperating
8.5x
Enterprise Value / Sales
1.43x
Non-Profit Donations & Grants
Investments
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DensBits Technologies Ltd. designs and develops flash memory technology systems. It offers IP and controller products. Its IP cores include the memory modem as a whole or some of its parts. The firm also offers ASIC controller solutions. The company was founded by Ilan Hen, Shmil Levy and Hanan Weingarten in 2007 and is headquartered in Haifa, Israel.

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WekaIO, Inc. engages in the provision of file storage and shared parallel file system for data intensive applications. It offers solutions to analytics, life sciences, manufacturing, media and entertainment, and financial services. The company was founded by Omri Palmon, Liran Zvibel, and Maor Ben-Dayan in 2013 and is headquartered in San Jose, CA.

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Reduxio Systems, Inc. builds a next-generation storage platform that provides breakthrough capacity savings and infinite data recoverability. It develops storage solutions for cloud, virtual machines, and structured data sets. The company was founded by Mark Weiner, Nir Peleg, and Amnon A. Strasser in 2012 and is headquartered in San Francisco, CA.

Investors
Details Hidden

Angel Investor at Bidfire, Inc.

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Co-Founder at Oak Investment Partners

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ICP seeks investments opportunities in both private and public companies located in the US .The firm targets companies operating in the fields of information technology and life sciences industries. It provides financing for expansion stage private companies and growth stage public companies.

Suppliers
Intevac Inc. Industrial Machinery & Manufacturing | Santa Clara, CA

Intevac, Inc. is engaged in the design, manufacture and marketing of thin-film processing systems, digital sensors, cameras and systems. It operates its business through the Thin-film Equipment and Photonics segments. The Thin-film Equipment segment offers vacuum process equipment solutions for high-volume manufacturing of small substrates with precise thin-film properties, such as for the hard drive, solar cell and DCP industries, as well as other adjacent thin-film markets. The Photonics segment develops digital-optical products for the capture and display of low-light images. The company was founded by Norman H. Pond in October 1990 and is headquartered in Santa Clara, CA.

Informatica LLC Internet Software & Services | Redwood City, CA

Informatica LLC provides enterprise data integration and data quality software and services. Its products include big data, cloud integration, data integration, data quality, data security, informatica platform, integration platform as a service and master data management. Its solutions include application consolidation, rationalization and modernization, cloud solutions, data governance, next gen analytics, total customer relationship, industry solutions, and marketplace solutions. The company was founded by Gaurav S. Dhillon and Diaz H. Nesamoney in 1993 and is headquartered in Redwood City, CA.

Marvell Technology Group Ltd. Computer Software | Hamilton, Bmu

Marvell Technology Group Ltd. engages in the design, development, and sale of integrated circuits. The company offers System-on-a-Chip devices, which leverages technology portfolio of intellectual property in the areas of analog, mixed-signal, digital signal processing, and embedded and standalone integrated circuits. It also develops integrated hardware platforms along with software that incorporates digital computing technologies designed and configured to provide an optimized computing solution. The company was founded by Sehat Sutardja, Weili Dai and Pantas Sutardja in January 1995 and is headquartered in Hamilton, Bermuda.

Competitors
SK Hynix, Inc. Semiconductors - Icheon, South Korea

SK Hynix Semiconductor is a drive engine and a future of the IT industry Semiconductors are essential to all IT products, and its performance often determines the performance of the final products. SK Hynix is the global leader in producing semiconductor, such as DRAM and NAND flash and System IC including CMOS Image Sensors. Since pilot production of Korea’s first 16Kb SRAM in 1984, SK Hynix consistently led the industry with smaller, faster and lower power semiconductor. As the second largest manufacturer of memory semiconductor, and as the largest DRAM provider in emerging markets such as China, SK Hynix is at the forefront of the IT industry. SK Hynix will enhance its competency with the best level of technology and a wide range of business portfolios It is common to see people using their smartphones and tablet PCs. Those IT devices become more pervasive as new imaginative and innovative IT products continue to grab imagination and ‘desires’ of consumers. More innovative IT device such as smart car, keyboard and surface computer without mouse will enlarge the range and demand of the semiconductor. SK Hynix has recorded high performance by tracking and foreseeing the market change. On year 2011 base, SK Hynix ranked 2nd position with a 23% worldwide market share in DRAM market. It has also a 10% NAND Flash market share. It also takes 8th position in global semiconductor market. SK Hynix will strengthen the world’s top level of technology and continuously diversify the product portfolios. SK Hynix opens a new IT world As of February, 2012, SK Hynix became a new family member of SK group. Now it is time for SK Hynix to open a new IT world together with SK which has led the nation strong in information technology. SK Hynix as one of the representative of Korea’s semiconductor company will make warm IT world for the mutual happiness.

Micron Technology, Inc. Semiconductors - Boise, ID

Micron Technology, Inc. engages in the provision of innovative memory and storage solutions. It operates through the following segments: Compute and Networking Business Unit (CNBU); Mobile Business Unit (MBU); Storage Business Unit (SBU); and Embedded Business Unit (EBU). The Compute and Networking Business Unit segment includes memory products sold into cloud server, enterprise, client, graphics, and networking markets. The Mobile Business Unit segment offers memory products sold into smartphone, and other mobile-device markets. The Storage Business Unit segment comprises of SSDs and component-level solutions sold into enterprise and cloud, client, and consumer solid-state drive (SSD) markets, other discrete storage products sold in component and wafer forms to the removable storage markets, and sales of 3D XPoint memory. The Embedded Business Unit segment consists of memory and storage products sold into automotive, industrial, and consumer markets. The company was founded by Ward D. Parkinson, Joseph L. Parkinson, Dennis Wilson, and Doug Pitman 0n October 5, 1978 and is headquartered in Boise, ID.

Samsung Electronics Co., Ltd. Other Manufacturing - Suwon, South Korea

Samsung Electronics Co., Ltd. engages in the manufacturing and selling of electronics and computer peripherals. The company operates through following business divisions: Consumer Electronics, Information Technology & Mobile Communications and Device Solutions. The Consumer Electronics business division provides cable television, monitor, printer, air-conditioners, refrigerators, washing machines and medical devices. The Information Technology & Mobile Communications business division offers handheld products, communication systems, computers and digital cameras. The Device Solutions business division comprises of memory, system large scale integrated circuit and light emitting diode. The company was founded on January 13, 1969 and is headquartered in Suwon, South Korea.

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