Imation Completes Acquisition Of IronKey's Security Hardware ...

Imation Corp. a global technology company dedicated to helping people and organizations store, protect and connect their digital world today 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.

?This acquisition is another important step in Imation?s strategy to grow in the secure and scalable storage markets, augmenting our global leadership position in high-security data storage and device management,? said Mark Lucas, president and chief executive officer, Imation Corp. ??As Imation continues its strategic transformation, we are making key technology investments in growth markets that will enable us to extend our position in data storage, security, archiving, and protection. With our global reach and strong channel relationships, data storage experience spanning nearly 60 years, and focus on addressing the unique storage needs of small and medium business, enterprise, and government customers, we have a solid leadership foundation. Now, we are executing on targeted technology acquisitions and strategic partnerships to accelerate our transformation,? Lucas concluded.

Imation entered the high-security data storage and device management market in 2010 with the launch of its Defender? line of secure hardware and software management products. In March 2011, Imation acquired ENCRYPTX, a leader in encryption and software security solutions for removable storage devices and media. The Company followed this with the acquisition of MXI Security in June 2011, adding MXI technologies and solutions for device security, including the Stealth Zone platform for secure computing environments. Now, with the October 2011 acquisition of IronKey?s secure hardware business and strategic partnership with IronKey, Imation has created the industry?s broadest portfolio of secure mobile storage offerings.

Source: http://resources.mosaicsecurity.com/2011/10/06/imation-completes-acquisition-of-ironkeys-security-hardware-business-and-enters-partnership-with-ironkey-for-online-services?utm_source=rss&utm_medium=rss&utm_campaign=imation-completes-acquisition-of-ironkeys-security-hardware-business-and-enters-partnership-with-ironkey-for-online-services

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