Sunday, July 31, 2016
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Alphabet Posts Strong Revenue on Video Market
Games Outweigh Sagging Sensors For Sony
Microsoft To Further Cut Jobs Towards The Final Exit From Phone Business
AMD Radeon RX 470 And RX 460 Are Shipping in Early August
Worldwide Smartphone Volumes Relatively Flat in Q2 2016
Oracle to Buy NetSuite for $9.3 Billion
Samsung and Nestle Collaborate on the Internet of Things and Nutrition
Home Appliance and Home Entertainment Units Help LG's Quarterly Profits
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > PC Parts > Verbati...
Last 7 Days News : SU MO TU WE TH FR SA All News

Friday, July 06, 2007
Verbatim Acquires SmartDisk External Hard Disk Drive Business Assets


Verbatim and its parent company Mitsubishi Kagaku Media (MKM), announced today the purchase of substantially all of the assets of SmartDisk's external hard drive (HD) and digital imaging business.

The acquisition, which includes physical assets, patents, trademarks, technology, engineering and marketing expertise, was effective on June 30, 2007. The purchase price has not been disclosed.

The Verbatim brand is recognized worldwide for delivering data storage solutions with the latest technologies and high quality. The company's role as an innovator is especially apparent in the magnetic and optical storage markets where it has been known as a pioneer for more than 30 years. As part of Verbatim's corporate strategy to capitalize on this trend and complement its existing portable storage product line, the company purchased SmartDisk's hard drive and imaging assets. NPD reported that SmartDisk had a 16 percent market share in the US retail portable drive market in 2006.

"The acquisition of SmartDisk's external and portable hard drive business assets is complementary to Verbatim's existing business," said Shigenori Otsuka, president of MKM. "Plans are already underway to leverage these assets and Verbatim's heritage to quickly extend our global leadership in the removable storage and related accessories markets. Today's consumers and business professionals need the full range of removable and portable storage options - hard disk, optical and flash. Now, we can meet all of their storage requirements with a complete family of highly reliable, technically advanced solutions that are also cost-effective."

"The SmartDisk brand is well established in the US and Canadian markets," said Michael Battaglia, president and CEO for SMDK Corporation, formerly SmartDisk Corp. "Verbatim's and MKM's resources will promote the global reach necessary to compete on a worldwide basis. We are confident that Verbatim's support will continue to ensure strong growth for our former suppliers and customers."

In addition to acquiring SmartDisk technology and patents, Verbatim is hiring key US engineering, operations, marketing and sales personnel to smooth the transition and assist with future business growth.


Previous
Next
CD Sales Drop, Digital Music Jumps in 1st half '07        All News        Testing the Writing Quality of Blu-Ray Discs
OCZ Offers Performance DDR2 Lineup for Laptops     PC Parts News      Super Talent Ups the Ante with DDR3-1600 CL7 And 2GB 1333MHz DDR3 Modules

Get RSS feed Easy Print E-Mail this Message

Related News
Western Digital Launches Ultra-fast 256GB microSD Cards
SanDisk Releases Faster, Higher Capacity USB Type-C Flash Drive
Verbatim Launches 100GB MDISC Blu-ray Storage Media
China Approves Sandisk Acquisition By Western Digital
SanDisk Z410 Is A Half-Terabyte SSD For Everyday Computing
SanDisk Releases New Flash Drive for iPhone and iPad
SanDisk Unveils microSD Card For GoPro
Western Digital to Buy SanDisk For $15.8 Billion
SanDisk Launches Ultra-fast Extreme PRO microSDXC, New Mobile Flash Drive for USB Type-C Devices
Europe Clears Acquisition of SanDisk by Western Digital
SanDisk at CES 2016
SanDisk and Supermicro Form Strategic Alliance

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2016 - All rights reserved -
Privacy policy - Contact Us .