Imation Acquires Data Deduplication Engine from Nine Technology
Patented data storage optimization architecture bolsters Imations scalable storage portfolio
OAKDALE, Minn.--(BUSINESS WIRE)-- Imation Corp . (NYSE: IMN), a leading global technology company dedicated to helping people and organizations store, protect and connect their digital world, today announced it has acquired intellectual property and other assets, including key data deduplication technology, from Nine Technology. This data deduplication software engine eliminates redundant data, enabling shorter backup windows, quicker recovery, lower infrastructure costs and more robust and reliable data protection. 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 (IMN).
Imations acquisition of this important data deduplication technology is another major step in our scalable storage growth strategy, said Ian Williams, Imation vice president, global marketing and product management. We chose to acquire this technology because we recognize the power of block-level deduplication. This will be one of the key differentiating features of Imations data protection portfolio for small and medium businesses (SMBs).
The acquired data backup and recovery intellectual property is a patented two-stage, block-level deduplication technology.
Imation needs block-level deduplication to compete effectively in the new world order, and Nine Technology is the right partner at the right time, said Steve Duplessie, founder and senior analyst at Enterprise Strategy Group. The combination of Imations global reach and recent storage and security investments creates a potent opportunity.
Nine Technology founder and former chief executive officer Tom Gelson, and former Nine Technology chief technology officer Alex Stoev join Imation as key additions to the companys scalable storage team.
Imation is a global leader in storage, said Gelson. I am excited by Imations commitment to developing scalable storage solutions for SMBs through the integration of the Nine platform.
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 IronKey brands. Additional information about Imation is available at http://www.imation.com.
About Nine Technology, LLC
Nine Technology delivers simple, powerful and cost-effective turnkey online backup and restore solutions for managed service providers (MSPs), value-added resellers and IT consultants. The Powered By Nine® solutions enable service providers to quickly offer reliable and scalable services to protect their customers critical data stored on desktops, laptops and servers. It is our goal to know our customers business and help them build revenue. For more information, visit www.ninetechnology.com.
Imation, the Imation logo, Memorex, and XtremeMac are trademarks of Imation Corp. and its subsidiaries. The TDK Life on Record logo is a trademark of TDK Corporation. TDK Life on Record is not affiliated with LifeOnRecord. All other trademarks are the property of their respective owners.
Padilla Speer Beardsley
Source: Imation Corp.Copyright Business Wire 2011