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.

The original Verbatim first started in Mountain View, California, in 1969, under the name Information Terminals Corporation, founded by Reid Anderson.

Verbatim mostly struggled in the decade and was purchased by Eastman Kodak in 1985, while its floppy partnership with Mitsubishi Kasei Corporation was still intact.

Verbatim's early floppies were manufactured at a factory in Limerick, Republic of Ireland, starting 1979 (MC Infonics, sold to CMC Magnetics in the 2000s).

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 by Taiyo Yuden, Ritek Corporation, CMC Magnetics, Prodisc, Moser Baer, Daxon/BenQ.