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 VerbatimDVD | |
| Formerly | Information Terminals Corporation (1969–1978) |
|---|---|
| Company type | Private |
| Industry | Electronics |
| Founded | April 28, 1969; 56 years ago (1969-04-28) |
| Founder | Reid Anderson |
| Headquarters | , United States |
Area served | Worldwide |
Key people | Clive Alberts (CEO andPresident) |
| Products | |
| Owner | CMC Magnetics (100%; 2020–present) Mitsubishi (100%; 1990–2020) Kodak (100%; 1985–1990) |
Number of employees | 510 (consolidated) |
| Parent | CMC Magnetics (2020–present) Mitsubishi (1990–2020) Kodak (1985–1990) |
| Subsidiaries | |
| Website | www |
Verbatim Corporation is an American company forstorage media andflash memory products. Originally and known for itsfloppy disks in the 1970s and 1980s, Verbatim is now known for its recordable optical media.
Founded in 1969 asInformation Terminals Corporation, it was acquired byKodak in 1985 and sold toMitsubishi in 1990. In 2020 Verbatim were sold toCMC Magnetics at an estimated price of $32 million USD.[1][2]
The company started inMountain View, California, in 1969, under the name Information Terminals, founded by Reid Anderson. It grew quickly and became a leading manufacturer of floppy disks by the end of the 1970s, and it was soon renamed Verbatim. In 1982, it formed a floppy diskjoint venture with Japanese company Mitsubishi Kasei (forerunner ofMitsubishi Chemical), with the joint venture called Kasei Verbatim.
Verbatim mostly struggled in the decade and was purchased byKodak in 1985, while its floppy partnership with Mitsubishi Kasei was still intact. It was eventually purchased fully by Mitsubishi Kasei in March 1990, after eight years in a joint venture. Many new products were launched under the new Japanese ownership, and the brand saw immense growth in the decade.[3]Mitsubishi Kagaku Media was founded in October 1994 as a subsidiary through the merger of Mitsubishi Kasei and Mitsubishi Petrochemical, resulting in Mitsubishi Chemical.
The company was selling products under theMitsubishi brand in Japan from 1994 to 2010, when Verbatim fully replaced it.
 | This section needs to beupdated. The reason given is:The two paragraphs that speak in the present tense (i.e. implying they are still relatively current) were added back in 2006[1] and have not been notably updated since. Please help update this article to reflect recent events or newly available information.(June 2023) |
Verbatim's early floppies were manufactured at a factory inLimerick, Republic of Ireland, starting 1979 (MC Infonics, sold toCMC Magnetics in the 2000s).
As of 2006[update] (during the era of Mitsubishi ownership) Verbatim sold products partly produced in Verbatim and Mitsubishi's own plants in Singapore and Japan, and partly under license by Taiwanese and Indian manufacturers.
As of 2006[update] Verbatim also resold relabeled products from Japanese, Taiwanese, Chinese,Malaysian and Indian factories (Pearl White DVD series in Europe, some CD-R not labeled Super Azo), including but not limited to products byTaiyo Yuden,Ritek Corporation, CMC Magnetics,Prodisc,Moser Baer,Daxon/BenQ.
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