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GALWAY, Ireland, June 12, 2025 /PRNewswire/ -- Medtronic plc (NYSE: MDT), a global leader in healthcare technology, today announced MiniMed as the name for the planned New Diabetes Company following the intended separation. The name honors the company's roots, reflecting its original name prior to its acquisition by Medtronic in 2001, and a deep 40-year history of being at the forefront of transforming diabetes care around the world.
"Our journey began in 1983, when visionary entrepreneur Alfred E. Mann founded MiniMed and revolutionized diabetes care with many first-of-its-kind innovations that pushed the boundaries of care and helped simplify life with diabetes for countless people around the world," said Que Dallara, current EVP and President of Medtronic Diabetes and Chief Executive Officer designate of MiniMed. "We're thrilled to honor this rich 40-year legacy with a name that carries deep meaning and trust. As we step forward into this new and exciting chapter, we'll focus relentlessly on fulfilling our Mission to make diabetes more predictable so everyone can embrace life to the fullest."
Managing diabetes can feel draining and exhausting due to the constant mental and physical demands to keep glucose levels in a healthy range. Every meal and activity requires careful calculation — counting carbs, adjusting insulin, and monitoring levels to prevent dangerous low and high blood sugars that can result in both short- and long-term complications. The company's Mission is inspired by the desire to introduce more stability and predictability with technology that helps push diabetes management into the background.
For many employees, the Mission hits close to home—over 70% of those surveyed have a personal connection to diabetes. That includes Key Payton, who has been with the company for over a decade and was diagnosed with type 1 diabetes in 1960. "When I was just three years old, doctors told my parents I likely wouldn't live past 10. But here I am, 65 years later, defying the odds and living my best life. I've experienced firsthand how the company has transformed diabetes care and personally helped me beat those early odds in astounding ways," said Payton. "I'm forever grateful for the hope and support they've given me every day for nearly three decades. Today, I'm a proud user of the MiniMedâ„¢ 780G system,** and my Time in Range§ has never been better. I'm finally sleeping through the night and worrying less about my diabetes — it's freeing."
Based in Northridge, California, the Diabetes business is a passionate team of more than 8,000 employees dedicated to pushing the boundaries of innovation, developing breakthrough technologies that reduce burden, enhance quality of life, improve health outcomes, and redefine standards of care.
Medtronic is targeting completion of the planned separation within 18 months of the initial announcement, subject to customary conditions and legal requirements including consultations with works councils and other employee representative bodies.
Cautions Regarding Forward Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which are subject to risks and uncertainties, including risks related to Medtronic's ability to satisfy the necessary conditions to consummate the separation of its Diabetes business on a timely basis or at all, Medtronic's ability to successfully separate its Diabetes business and realize the anticipated benefits from the separation (including consummating the transaction on a basis that is generally tax-free to shareholders), MiniMed's ability to succeed as a standalone publicly traded company, competitive factors, difficulties and delays inherent in the development, manufacturing, marketing and sale of medical products, government regulation, geopolitical conflicts, changing global trade policies, general economic conditions, and other risks and uncertainties described in the company's periodic reports on file with the U.S. Securities and Exchange Commission including the most recent Annual Report on Form 10-K of Medtronic. In some cases, you can identify these statements by forward-looking words or expressions, such as "anticipate," "believe," "could," "estimate," "expect," "forecast," "intend," "looking ahead," "may," "plan," "possible," "potential," "project," "should," "going to," "will," and similar words or expressions, the negative or plural of such words or expressions and other comparable terminology. Actual results may differ materially from anticipated results. Medtronic does not undertake to update its forward-looking statements or any of the information contained in this press release, including to reflect future events or circumstances. While a split-off is Medtronic's current preferred separation structure, a final decision has not been reached at this time. The separation is expected to occur through a series of capital markets transactions, which may include a spin-off, split-off, offering, or combination thereof, of the company's remaining shareholding in MiniMed.
**MiniMedâ„¢ 780G system is for type 1 ages 7 and over. Prescription required. WARNING: Do not use SmartGuardâ„¢ feature for people who require less than 8 units or more than 250 units of insulin/day. For details, see https://bit.ly/780gRisks
§ Refers to SmartGuardâ„¢ feature. Individual results may vary.
Contacts:
Janet Cho
Global Communications
+1-818-403-7028
Ryan Weispfenning
Investor Relations
+1-763-505-4626
GALWAY, Ireland, June 12, 2025 /PRNewswire/ -- Medtronic plc (NYSE: MDT), a global leader in healthcare technology, today announced MiniMed as the name for the planned New Diabetes Company following the intended separation. The name honors the company's roots, reflecting its original name prior to its acquisition by Medtronic in 2001, and a deep 40-year history of being at the forefront of transforming diabetes care around the world.
"Our journey began in 1983, when visionary entrepreneur Alfred E. Mann founded MiniMed and revolutionized diabetes care with many first-of-its-kind innovations that pushed the boundaries of care and helped simplify life with diabetes for countless people around the world," said Que Dallara, current EVP and President of Medtronic Diabetes and Chief Executive Officer designate of MiniMed. "We're thrilled to honor this rich 40-year legacy with a name that carries deep meaning and trust. As we step forward into this new and exciting chapter, we'll focus relentlessly on fulfilling our Mission to make diabetes more predictable so everyone can embrace life to the fullest."
Managing diabetes can feel draining and exhausting due to the constant mental and physical demands to keep glucose levels in a healthy range. Every meal and activity requires careful calculation — counting carbs, adjusting insulin, and monitoring levels to prevent dangerous low and high blood sugars that can result in both short- and long-term complications. The company's Mission is inspired by the desire to introduce more stability and predictability with technology that helps push diabetes management into the background.
For many employees, the Mission hits close to home—over 70% of those surveyed have a personal connection to diabetes. That includes Key Payton, who has been with the company for over a decade and was diagnosed with type 1 diabetes in 1960. "When I was just three years old, doctors told my parents I likely wouldn't live past 10. But here I am, 65 years later, defying the odds and living my best life. I've experienced firsthand how the company has transformed diabetes care and personally helped me beat those early odds in astounding ways," said Payton. "I'm forever grateful for the hope and support they've given me every day for nearly three decades. Today, I'm a proud user of the MiniMedâ„¢ 780G system,** and my Time in Range§ has never been better. I'm finally sleeping through the night and worrying less about my diabetes — it's freeing."
Based in Northridge, California, the Diabetes business is a passionate team of more than 8,000 employees dedicated to pushing the boundaries of innovation, developing breakthrough technologies that reduce burden, enhance quality of life, improve health outcomes, and redefine standards of care.
Medtronic is targeting completion of the planned separation within 18 months of the initial announcement, subject to customary conditions and legal requirements including consultations with works councils and other employee representative bodies.
Cautions Regarding Forward Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which are subject to risks and uncertainties, including risks related to Medtronic's ability to satisfy the necessary conditions to consummate the separation of its Diabetes business on a timely basis or at all, Medtronic's ability to successfully separate its Diabetes business and realize the anticipated benefits from the separation (including consummating the transaction on a basis that is generally tax-free to shareholders), MiniMed's ability to succeed as a standalone publicly traded company, competitive factors, difficulties and delays inherent in the development, manufacturing, marketing and sale of medical products, government regulation, geopolitical conflicts, changing global trade policies, general economic conditions, and other risks and uncertainties described in the company's periodic reports on file with the U.S. Securities and Exchange Commission including the most recent Annual Report on Form 10-K of Medtronic. In some cases, you can identify these statements by forward-looking words or expressions, such as "anticipate," "believe," "could," "estimate," "expect," "forecast," "intend," "looking ahead," "may," "plan," "possible," "potential," "project," "should," "going to," "will," and similar words or expressions, the negative or plural of such words or expressions and other comparable terminology. Actual results may differ materially from anticipated results. Medtronic does not undertake to update its forward-looking statements or any of the information contained in this press release, including to reflect future events or circumstances. While a split-off is Medtronic's current preferred separation structure, a final decision has not been reached at this time. The separation is expected to occur through a series of capital markets transactions, which may include a spin-off, split-off, offering, or combination thereof, of the company's remaining shareholding in MiniMed.
**MiniMedâ„¢ 780G system is for type 1 ages 7 and over. Prescription required. WARNING: Do not use SmartGuardâ„¢ feature for people who require less than 8 units or more than 250 units of insulin/day. For details, see https://bit.ly/780gRisks
§ Refers to SmartGuardâ„¢ feature. Individual results may vary.
Contacts:
Janet Cho
Global Communications
+1-818-403-7028
Ryan Weispfenning
Investor Relations
+1-763-505-4626
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Medtronic announces MiniMed as name for planned New Diabetes Company
Latest product releases showcase new tiered cloud storage model paired with smarter video intelligence, security, and expanded edge hardware.
DUBAI, United Arab Emirates, Jan. 12, 2026 /PRNewswire/ -- March Networks®, a global leader in intelligent video surveillance, today announced the launch of Cloud Storage as part of its latest product and software release, showcased at Intersec Dubai. First introduced in December in collaboration with Amazon Web Services (AWS), the solution is now available to customers worldwide.
Building on its existing cloud capabilities, the new flexible cloud storage model solves one of customers' most persistent challenges: securely retaining growing volumes of video without adding infrastructure and storage costs.
A Flexible and Scalable Cloud Storage Model Built for Cost and Control
As video retention requirements grow, traditional storage models often require frequent hardware expansion and rising operational overhead.
The latest release enhances March Networks cloud offerings with a cold storage model for long-term video archiving powered by AWS. Recent and frequently accessed video remains readily available for fast investigations, while older footage is securely archived using Amazon S3 Glacier to support low-cost, long-term video retention.
This tiered approach enables organizations to reduce long-term video storage costs by up to 80% over five years, while maintaining secure access to archived footage. Archived video is typically available within 12 to 48 hours. Once retrieved, footage can be reviewed and trimmed directly within the March Networks application, supporting higher-quality evidence handling and removing limits on the number of cameras that can be backed up.
"We have solved the number one problem businesses face today in video surveillance. Customers have been clear that long-term video retention is one of their biggest operational and cost challenges," said Jeff Corrall, Chief Product Officer at March Networks. "This release really improves the cost of video storage by aligning cost, performance, and access with how video is actually used."
Real-World Impact for Customers*
Traditional on-premise storage can drive video retention costs higher due to ongoing IT overhead, maintenance, and hardware life cycle replacement. One customer using on-premise storage for immediate access to recent video evaluated March Networks Cloud Storage to extend video retention without adding new hardware.
For 580 cameras generating approximately 5,600 TB of archived video, the cloud storage costs were an estimated $347,000 per year, compared to approximately $1.7 million to store the same volume of video on-premise. This hybrid solution made recent footage instantly available while significantly reducing long-term video retention costs.
Cloud & Software Enhancements
In addition to long-term cloud storage, the release introduces a broad set of software enhancements to support real-world operations, security, compliance, and safety use cases across industries.
- Improved AI Smart Search performance delivers a faster and more intuitive way for operations teams to find what matters most with natural language queries, time-based prompts, visual matching, and smarter alerts.
- Attribute Search enhancements add zone-based precision to the feature, enabling sharper and faster investigations across more cameras, all securely on-prem.
- A new Smart Rules Wizard simplifies the creation of real-time alert logic through guided, step-by-step configuration, reducing setup time and improving consistency.
- Command Enterprise (CES) and Command Client enhancements improve usability and operational responsiveness with faster event filtering, expanded device compatibility, keyboard shortcuts, and real-time alarm monitoring.
New Cameras and Recording Hardware
The release also expands the March Networks edge portfolio with new and updated camera and recorder options, including:
- EL5 Turret camera provides a cost-effective, high-quality camera designed for general surveillance. Offering 5MP video in fixed and motorized variations, it can be applied across commercial and retail environments.
- AI12 360 camera enables immersive 360-degree coverage with fewer devices, improving situational awareness, reducing camera counts, and supporting efficient investigations.
- EL5 Nano Dome camera is a compact, discreet indoor dome delivering 5MP video with built-in audio and intelligent analytics. It is ideal for high-traffic environments like quick service restaurants, retail stores, and financial institutions.
- New EL 24- and 32-channel recorders deliver reliable, high-capacity all-IP recording for small-to-mid-sized deployments, while integrating seamlessly with March Networks cloud services for centralized management, analytics, and long-term storage.
- Expanded support for additional camera models and third-party cameras through ONVIF helps customers apply advanced analytics across existing deployments.
Together, these hardware and software updates deliver a fully integrated, end-to-end video platform from the edge to the cloud, helping organizations modernize infrastructure, reduce storage costs, and unlock greater long-term value from their video data.
Attendees at Intersec Dubai can visit March Networks at Stand SA C-25 to learn more about these solutions and enhancements. To speak with a March Networks expert or to book a demo, please contact us.
*Performance results may vary based on individual customer configurations and usage patterns. Cost savings are estimates and will depend on specific customer implementations and usage volumes.
About March Networks
March Networks® is a global leader in intelligent video solutions, helping enterprise and small to medium-sized businesses turn video into actionable intelligence. With over 25 years of experience, we serve 1,500+ financial institutions, 600+ retailers, and 900+ commercial and industrial brands. Our cloud-based technologies combine video surveillance with AI analytics, POS, IoT, and ATM integration to enhance security, efficiency, and the customer experience. Backed by a global network of certified partners, we support customers in 75+ countries with flexible, scalable, open-platform solutions. Headquartered in Ottawa, Canada, and owned by Delta, a global leader in power and thermal management, March Networks is a trusted partner and innovator in cloud-based, AI-powered video surveillance. Learn more at marchnetworks.com.
March Networks and the March Networks logo are trademarks of March Networks Corporation. To keep up with March Networks news and updates, subscribe to our Intelligent IP Video Blog and stay connected by following March Networks on LinkedIn.
MEDIA CONTACT: Jac Haarsma, Marketing Communications Manager, March Networks, jhaarsma@marchnetworks.com
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** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
March Networks Presents New Cloud Storage at Intersec Dubai, Reducing Video Storage Costs by up to 80%
March Networks Presents New Cloud Storage at Intersec Dubai, Reducing Video Storage Costs by up to 80%
