1980

As part of its shifting focus to technology, Safeguard Industries spun off Safeguard Business Systems. The spinoff, which was completed in March of 1980, proved to be an extremely successful venture.

By the end of its first year as a separate public company trading on the NYSE, the stock of Safeguard Business Systems was worth more than the price of the combined companies’ stock before the spinoff. Safeguard Industries maintained five percent equity in the company.