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| Formerly | 1978 as Verbatim Corporation 1982 as Kasei Verbatim (former joint venture) February 23, 1994, as Mitsubishi Kagaku Media (Tokyo, Japan) |
|---|---|
| Industry | Electronics Technology |
| Founded | April 28, 1969 as Information Terminals Corporation (North Carolina, United States) |
| Founder | Reid Anderson (Verbatim, 1969) |
Key people | Clive Alberts (CEO and President) |
| Brands | Verbatim Freecom Mitsubishi |
Number of employees | 510 (consolidated) |
| Parent | CMC Magnetics (2020-present) Mitsubishi Chemical (1990-2020) Eastman Kodak (1985-1990) |
| Website | Official website  |
Verbatim is a brand for storage media and flash memory products currently owned by CMC Magnetics Corporation (CMC), a Taiwanese company that is known for optical disc manufacturing. Formerly a subsidiary of Mitsubishi Chemical, the global business and assets of Verbatim were sold to CMC Magnetics in 2019 at an estimated price of $32 million USD.[1][2]
Originally an American company and known for its floppy disks in the 1970s and 1980s, Verbatim is now known for its recordable optical media.
- ^ "Mitsubishi Chemical to Transfer its Storage Media Business to CMC Magnetics of Taiwan" (PDF). Mitsubishi Chemical. June 14, 2019. Retrieved June 18, 2019.
- ^ "CMC Magnetics to acquire Verbatim". June 17, 2019. Retrieved June 18, 2019.