For more information visit: www.imation.com
Unedited press release follows:
Imation Acquires the Assets of ProStor Systems
Acquisition includes InfiniVault tiered storage system and software to manage removable media for Information Lifecycle Management; supports Imation’s growth strategy in Secure and Scalable Storage
OAKDALE, Minn.–Imation Corp. (NYSE: IMN) today 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.
“The acquisition of ProStor’s assets is another step toward our growth strategy as a trusted technology leader in Secure and Scalable Storage solutions,” said Mark Lucas, Imation president and chief executive officer. “Imation acquired the InfiniVault technology and product line because we recognize the need to add a compelling tiered storage architecture to our existing portfolio of backup and archiving products.”
InfiniVault is a tiered storage system designed to balance the needs of managing increasing amounts of information over extended periods of time. The InfiniVault system combines multiple media options, including fixed RAID disk and RDX removable hard disk drives in a single storage environment to retrieve, retain, protect and archive digital content. The InfiniVault software will enable Imation to deliver future tiered storage solutions using RDX and other hard disk, optical, magnetic and solid state storage. The software helps strengthen the Imation RDX portfolio and the InfiniVault offering.
“There is a rapidly growing demand among mid-sized companies for tiered solutions that store, protect and archive information. This acquisition by Imation of the InfiniVault technology demonstrates Imation’s commitment to innovative next-generation tiered storage solutions,” said Benjamin S. Woo, IDC program vice president, worldwide storage systems. “With the ProStor InfiniVault technology, Imation is able to develop solutions and provide a complete line of media, tape systems and software to round out its storage portfolio.”
InfiniVault system customer benefits include data protection, continuous data access, security and retention management throughout the data’s extended lifespan. The system is available through a national network of channel partners and value-added distributors, including Carahsoft Technology, Cranel Imaging, JB&A Distribution, NewWave Technologies, Promark Technology, Rorke Data and Storageflex.
“We are extremely pleased to have Imation’s commitment, technical resources and worldwide sales and distribution and support infrastructure backing the InfiniVault solution,” said Timothy Hanscom, vice president of sales, Rorke Data healthcare division. “Imation’s focus on secure storage, backup and archiving solutions is perfectly aligned with the needs of our customers, particularly in the medical market, where secure and efficient retention of data and images are critical.”
“Cranel is pleased with Imation’s decision to acquire the InfiniVault storage solution,” said Craig Wallace, president, Cranel, Inc. “InfiniVault offers a unique, innovative architecture for intelligent, scalable enterprise content management. As a technology solutions distributor, we have invested significant resources in the development of an expansive network of Value Added Resellers committed to the implementation of this technology. Imation’s channel focus is well-aligned with Cranel and our resellers. We look forward to significant growth together.”
For more information on the InfiniVault tiered storage system, visit www.imation.com/infinivault.
About Imation Corp.
Imation Corp. (NYSE: IMN) is a leading global technology company dedicated to helping people and organizations store, protect and connect their digital world. Our portfolio of data storage and security products, electronics and accessories reaches customers in more than 100 countries through a powerful global distribution network. Imation Corp.’s global brand portfolio includes Imation, Memorex, XtremeMac, TDK Life on Record and MXI Security brands. Additional information about Imation is available at http://www.imation.com.