Key Developments: Imation Corp (IMN)
3.86USD
17 May 2013
$0.02 (+0.52%)
$3.84
$3.83
$3.88
$3.82
237,224
171,543
$6.29
$3.32
Latest Key Developments (Source: Significant Developments)
Imation Corp Acquires Nexsan Corporation
Imation Corp announced that it has acquired privately held Nexsan Corporation, a Thousand Oaks, Calif.-based provider of disk-based storage systems. The combination cash-and-stock transaction included approximately $105 million in cash and 3,319,324 Imation common shares, the equivalent of approximately $15 million. Approximately 200 employees, based in the U.S., U.K. and Canada, have joined Imation with this acquisition. The Nexsan business will continue to operate within Imation from Nexsan`s current headquarters in Thousand Oaks, Calif., under existing management. Integration and global expansion activities between Imation`s Tiered Storage and Security Solutions business and Nexsan will be determined in first quarter 2013. Full Article
Imation Corp. Reaffirms FY 2012 Guidance; Comments On FY 2012 Operating Income Guidance-Conference Call
Imation Corp. affirmed that it will return to revenue growth as it exit fiscal 2012. The Company is still on target to do that and will attain operating income of 4% to 5% as well. Full Article
Imation Corp. Acquires Data Deduplication Engine From Nine Technology
Imation Corp. announced that it has acquired intellectual property and other assets, including key data deduplication technology, from Nine Technology. Financial terms of the acquisition were not disclosed. Nine Technology will continue to operate as a standalone service provider of data protection offerings and be a strategic partner for Imation. The acquired data backup and recovery intellectual property is a patented two-stage, block-level deduplication technology. Full Article
Imation Corp. Reaffirms FY 2012 Revenue Guidance-Conference Call
Imation Corp. announced it expects to return to revenue growth by the end of fiscal 2012. According to I/B/E/S estimates, analysts were expecting the Company to report revenue of $1.246 billion for fiscal 2012. Full Article
Imation Corp. Completes Acquisition of IronKey’s Security Hardware Business and Enters Partnership with IronKey for Online Services
Imation Corp. announced that it has completed its acquisition of the assets of IronKey’s secure data storage hardware business. Imation and IronKey have also entered a strategic partnership whereby Imation receives an exclusive license from IronKey for its secure storage management software and service, and a license to use the IronKey brand for secure storage products. IronKey will partner with Imation to provide its online cloud-based security services. Full Article
Imation Corp. to Acquire IronKey`s Security Hardware Business
Imation Corp. announced that they have entered into a definitive agreement under which Imation will acquire the assets of IronKey`s secure data storage hardware business. The two companies also announced a strategic partnership whereby Imation will receive an exclusive license from IronKey for its secure storage management software and service, and a license to use the IronKey brand for secure storage products. IronKey will partner with Imation to provide its online cloud-based security services. Approximately 40 employees of the privately held IronKey business are expected to transfer to Imation with the acquisition. Financial terms of the acquisition, expected to close within 30 days, were not disclosed. Full Article
Imation Corp. Acquires Assets Of ProStor Systems
Imation Corp. announced that it has acquired the assets of ProStor Systems, including the InfiniVault tiered storage system and other related technologies. Financial terms of the deal were not disclosed. Imation intends to retain approximately 15 employees in Boulder, Colo., focused in engineering, support, sales and marketing. Full Article
Imation Corp. Acquires MXI Security
Imation Corp. announced that it has acquired the assets of MXI Security from Memory Experts International, Inc. Financial terms of the transaction were not disclosed. The acquisition includes MXI’s portable security solutions and technologies, including its OEM business and its line of branded Stealth and Access™security products designed to secure and protect the systems, applications and data of governments and enterprises worldwide. Approximately 40 employees of the Montreal-based MXI business are expected to transfer to Imation with the acquisition. Full Article
Imation buys storage systems provider Nexsan for $120 million
- Storage and data security company Imation Corp bought Nexsan Corp, a privately held provider of disk-based storage systems, for about $120 million in cash and stock.
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