Shugart Associates was a computer peripheral manufacturer that dominated the floppy disk drive market in the late 1970s and is famous for introducing the 5 1⁄4-inch minifloppy floppy disk drive. Founded in 1973, Shugart Associates was purchased by Xerox in 1977. In the early 1980s the name was changed to Shugart Corporation. Xerox exited the business in 1985 and 1986, selling the brand name and the 8-inch floppy product line to Narlinger Group (in March 1986). Narlinger promptly rebranded itself as Shugart Corporation and continued as such into the early 1990s. Under Narlinger management, Shugart acquired several discontinued product lines such as the Optotech 5984 Write Once Read Many (WORM) drive.