Seagate Technology Plc

Seagate Technology Plc

Seagate Technology Plc

Overview
Date Founded

1978

Headquarters

38/39 Fitzwilliam Square, Dublin, 2, IRL

Type of Company

Public

Employees (Worldwide)

43K

Industries

Computer Hardware
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

Interim Chief Financial Officer

Chief Information Officer

Chief Accounting Officer & Vice President-Finance

Secretary, Chief Legal Officer & Senior Vice President

Executive Vice President-Worldwide Sales & Marketing

Executive Vice President-Global Operations

Executive Director, Advanced Development

Senior Vice President & Chief Technology Officer

Board of Directors

Executive Chairman at Seagate Technology LLC

President & Chief Executive Officer at Artesyn Embedded Technologies, Inc.

Founder at WaterView Advisors LLC

Chief Executive Officer at Vida Health, Inc.

Former Chief Financial Officer & Executive Vice President-Administration at SanDisk LLC

General Partner at MRC & LBC Partners LLC

Corporate Strategy Advisor at Neural Analytics, Inc.

Chief Executive Officer at Seagate Technology LLC

Chief Executive Officer & Director at Lumileds Holding BV

Founding Partner at China Fortune Investments (Holding) Ltd.

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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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Two Sigma Advisors (TSA) specializes in process-driven, systematic investment management, generally by employing quantitative analysis and techniques, including the use of mathematical models that rely on patterns inferred from historical prices and other data in evaluating prospective investments. The firm uses a variety of methods and strategies to make investment decisions and recommendations. TSA primarily combines multiple hedged and leveraged investment strategies with proprietary risk management and execution techniques to make investment decisions for their clients. Investment strategies employed by TSA include, but aren't limited to, the following: statistically-based strategies; merger (or risk) arbitrage; closed-end fund/constituent arbitrage; fundamentally-driven strategies; event-driven strategies; spread-based and long/short strategies; volatility arbitrage and trading strategies; structured credit trading strategies; and contributor-based and sentiment-based strategies.

Recent Transactions
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Bain Capital Private Equity LP, Development Bank of Japan, Inc. /Private Equity, Japan Investment Corp, Toshiba Memory Corp. /Private Group purchase Toshiba Memory 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

Insider Transactions
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Transaction Advisors
Legal Advisor

Advised onSeagate Technology Plc purchases Maxtor Corporation

Auditor

Advised onSeagate Technology Plc issued Common Stock

Legal Advisor

Advised onSeagate Technology Plc purchases Maxtor Corporation

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 at Cooley LLP

Legal Advisor

Partner at Wilson Sonsini Goodrich & Rosati PC

Legal Advisor

Partner at Wilson Sonsini Goodrich & Rosati PC

Clients

Amazon.com, Inc. engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment includes retail sales of consumer products and subscriptions through North America-focused websites such as www.amazon.com and www.amazon.ca. The International segment offers retail sales of consumer products and subscriptions through internationally-focused websites. The Amazon Web Services segment involves in the global sales of compute, storage, database, and AWS service offerings for start-ups, enterprises, government agencies, and academic institutions. The company was founded by Jeffrey P. Bezos in July 1994 and is headquartered in Seattle, WA.

Dell Technologies, Inc. develops, sells, repairs and supports computers and related products and services. It offers IT infrastructure services including hardware, software, cloud storage and virtual reality. VMWare is one of business of the company, which provides virtualization solutions from the desktop to the data center. 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 S. Dell in May 1984 and is headquartered in Round Rock, TX.

Key Stats and Financials As of 2018
Market Capitalization
$12.3B
Total Enterprise Value
$19.5B
Earnings Per Share
$4.05
Revenue
$11.2B
Net Profit
$1.18B
EBITDA
$2.33B
EBITDAMargin
20.87%
Total Debt
$4.82B
Total Equity
$1.66B
Enterprise Value Sales
1.74x
Enterprise Value EBITDAOperating
8.33x
TEVNet Income
16.46x
Debt TEV
0.25x
Five Year Compounded Annual Growth Rate Of Revenue
-4.86%
Three Year Compounded Annual Growth Rate Of Revenue
-6.63%
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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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.

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Ripple Labs, Inc. develops virtual currency and open source payments systems. The firm offers ripple protocol, an open source and peer-to-peer payment network. Its ripple payment network enables payments to merchants, consumers, and developers, ability to pay in various currencies and instant global payments. The company was founded by Christopher A. Larsen, Arthur Britto and Jed Mccaleb in 2012 and is headquartered in San Francisco, CA.

Investors
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Investor at Seagate Technology LLC

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Co-Founder at Oak Investment Partners

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Integral Capital Partners invests in expansion-stage private and growth-stage public companies in the information technology and life sciences sectors. They invest in companies at all stages of company development beyond the start-up phase. Integral Capital Partners typically invests between 20% and 50% of the original capital of each partnership in private companies and buyout opportunities, with the balance invested in high-growth public companies. They do not hold any board seats.Within the information technology sector, the firm focuses on communications-centric computing, real time computing and mobility. In the life sciences sector, they focus on emerging medical technologies and health care information systems. The firm is particularly interested in companies targeting the cardiology and oncology markets.

Suppliers
Intevac Inc. Computer Software | Santa Clara, California

Intevac, Inc. engages in the design, manufacture, and marketing of thin-film processing systems; and 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. The firm's's 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 February 1993 and is headquartered in Redwood City, CA.

Marvell Technology Group Ltd. Computer Software | Hamilton, HA

Marvell Technology Group Ltd. engages in the business of providing semiconductors to high-performance application-specific standard products. It focuses on the development of complex System-on-a-Chip devices leveraging extensive technology portfolio of intellectual property in the areas of analog, mixed-signal, digital signal processing, and embedded and stand alone integrated circuits. The company's product portfolio includes devices for data storage, enterprise-class Ethernet data switching, Ethernet physical-layer transceivers, mobile handsets, connectivity and other consumer electronics. Marvell Technology Group 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, GY

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.

Samsung Electronics Co., Ltd. Semiconductors - Suwon, GY

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.

Western Digital Corp. Computer Hardware - Irvine, CA

We are thousands of people worldwide working to enable you to store, collect, access, and use a vast and growing body of digital information. Our reliable hard drives and solid state drives, marketed under the WD and HGST brands, are everywhere that digital information and content is found: in the cloud, supporting your mobile digital lifestyle; in business and personal computers; in external storage devices; in the digital video recorder in your home; and in sophisticated medical, military, aerospace, automotive, manufacturing and telecommunications systems. We also make media players that enable you to enjoy your digital content on the biggest screen in your house – your TV. Our customers range from some of the largest companies in the world to individual users like you. With the acquisition of Hitachi Global Storage Technologies (HGST), now a wholly owned subsidiary of Western Digital Corporation, we have expanded R&D resources, a broader product portfolio, greater manufacturing scale and a larger geographic footprint. With two successful independent subsidiaries, WD and HGST, we expect to accomplish great things as we build the new WD to be the world’s leading storage solutions provider