M&A Deal Summary

Seagate Technology Acquires Lyve Minds

On October 19, 2015, Seagate Technology acquired internet software and services company Lyve Minds

Acquisition Highlights
  • This is Seagate Technology’s 2nd transaction in the Internet Software and Services sector.
  • This is Seagate Technology’s 8th transaction in the United States.
  • This is Seagate Technology’s 4th transaction in California.

M&A Deal Summary

Date 2015-10-19
Target Lyve Minds
Sector Internet Software and Services
Buyer(s) Seagate Technology
Deal Type Add-on Acquisition

Target

Lyve Minds

Cupertino, California, United States
website
Lyve Minds, Inc. is a provider of cloud base app to pull all of individual user photos and videos together organizes them into one collection, and gives you instant access anywhere.

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Buyer(S) 1

Buyer

Seagate Technology

Dublin, Ireland

website


Category Company
Founded 1978
Sector Technology Hardware
Employees40,000
Revenue 11.7B USD (2022)
DESCRIPTION
Seagate facility in Fremont, California.
Seagate facility in Fremont, California.

Seagate Technology is a provider of technology and products enabling people to store, access, and manage information. The Company is committed to providing best-in-class products to help people get information when, where and how they want it. Seagate is the world's largest manufacturer of disc drives magnetic discs and read-write heads, an innovator in tape drives, and a leading developer of Business Intelligence software. Seagate Technology was founded in 1978 and is based in Dublin, Ireland.


DEAL STATS #
Overall 10 of 11
Sector (Internet Software and Services) 2 of 2
Type (Add-on Acquisition) 7 of 7
State (California) 4 of 4
Country (United States) 8 of 8
Year (2015) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-18 Dot Hill Systems

Longmont, Colorado, United States

Dot Hill Systems Corp. is a designer and manufacturer of software and hardware storage systems for the entry and mid-range storage markets worldwide.

Buy $694M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-16 eVault

San Francisco, California, United States

eVault, Inc. is a provider of online backup services.

Sell $14M