It grew quickly and became a leading manufacturer of floppy disks by the end of the 1970s, and it was soon renamed Verbatim. The original Verbatim first started in Mountain View, California, in 1969, under the name Information Terminals Corporation, founded by Reid Anderson.
Originally an American company and known for its floppy disks in the 1970s and 1980s, Verbatim is now known for its recordable optical media. 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. 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.
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