CUPERTINO, Calif.--(BUSINESS WIRE)--Seagate Technology (NASDAQ:STX) was named a Thomson Reuters 2014 Top 100 Global Innovator, recognizing its achievements as one of the world’s most innovative companies. The program, an initiative of the IP & Science business of Thomson Reuters, honors the 100 corporations and institutions around the world that are at the heart of innovation as measured by a series of proprietary patent-related metrics. The full report is available at http://www.top100innovators.com.
The Thomson Reuters 2014 Top 100 Global Innovator methodology is based on four principle criteria: overall patent volume, patent grant success rate, global reach of the portfolio, and patent influence as evidenced by citations.
“Innovation is core to Seagate’s continued success as a leading provider of fundamental storage technology and products,” said Seagate CEO, Steve Luczo. “It is an honor to be recognized by such a respected organization, and serves as further validation of the outstanding research and development work our employees continue to deliver at Seagate.”
Seagate is a worldwide leader of storage solutions. The company’s portfolio of products includes hard disk drives, solid-state drives, and solid-state hybrid drives. Seagate also offers retail storage products, as well as data-recovery services.
The Thomson Reuters 2014 Top 100 Global Innovator peer-reviewed methodology was executed using Thomson Reuters Derwent World Patents Index® (DWPI), Derwent Patents Citations Index™, Quadrilateral Patent Index™, and Thomson Innovation®, its IP and intelligence collaboration platform. Comparative financial analysis was done using the Thomson Reuters Advanced Analytics for Deal-Making platform.
“The Thomson Reuters Top 100 Global Innovators prove that they are the companies driving economic growth, creating jobs, and pioneering new products and services,” said Basil Moftah, president, Thomson Reuters IP & Science. “We congratulate this year’s companies and are honored to recognize their outstanding accomplishment.”
Thomson Reuters 2014 Top100 Global Innovators:
- For the fourth consecutive year the Top 100 Innovators outperformed the S&P 500 by achieving a year-over-year market cap weighted revenue growth of 12.6 percent, roughly double the 6.85 percent annual growth generated by S&P 500 companies.
- Collectively the Top 100 Innovators generated the equivalent of U.S. $3.69 trillion in revenue last year.
- R&D investment for the Top 100 organizations are more than double their NASDAQ counterparts; the Top 100 increased R&D spend by 16.9 percent, whereas NASDAQ’s R&D investment jumped by 8.18 percent and S&P by only 3.97 percent.
To view the full report on the Thomson Reuters 2014 Top 100 Global Innovator program, go to www.top100innovators.com.
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