Melco is a family business founded by Makoto Maki in 1975 as the company that is now known as Buffalo Inc. The name stands for Maki Engineering Laboratory COmpany[1].
Buffalo Inc. is currently one of the 14 subsidiaries of Melco Holdings Inc., initially founded as a audio equipment manufacturer, the company entered the computer peripheral market in 1981 with an EEPROM writer. The name BUFFALO is derived from one of company's first products, a printerbuffer and the name for the American Bison.