Seagate Technology (then called Shugart Technology) was incorporated on November 1, 1978, and commenced operations with co-founders Al Shugart, Tom Mitchell, Doug Mahon, Finis Conner and Syed Iftikar in October 1979. Seagate acquired Conner Peripherals in 1996, Maxtor in 2006 and Samsung's HDD business in 2011. In 1989, Seagate acquired Control Data Corporation's Imprimis division, the makers of CDC's HDD products. Much of their growth has come through their acquisition of competitors. Today Seagate, along with its competitor Western Digital, dominates the HDD market. They were a major supplier in the microcomputer market during the 1980s, especially after the introduction of the IBM XT in 1983. Seagate developed the first 5.25-inch hard disk drive (HDD), the 5-megabyte ST-506, in 1980.
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