Imation buys solid-state storage vendor Nexsan
The company expects that the $120 million deal will help it expand into the small and medium-size business market
IDG News Service - Imation, a storage and data security company, has acquired Nexsan, a vendor of disk-based storage systems, in a deal worth about $120 million, the company announced.
The acquisition of Nexsan gives Imation a portfolio of disk-based and hybrid disk and solid-state storage systems, Imation said Wednesday. Nexsan, based in Thousand Oaks, California, has more than 11,000 customers worldwide.
Imation expects the deal to accelerate its growth in the small and medium-size business and distributed enterprise storage markets, the company said.
One of Imation's priorities will be to focus on the "underserved SMB market with purpose-built storage systems and appliances," Mark Lucas, president and CEO of Imation, said in a statement. A "This is a market that Nexsan knows well."
The transaction included about $105 million in cash and 3.3 million shares of Imation common stock, worth about $15 million.
Nexsan had revenue of $82 million in 2011.Approximately 200 employees, based in the U.S., U.K. and Canada, joined Imation with this acquisition. A The Nexsan business will continue to operate from Nexsan's current headquarters under existing management, Imation said.A
Imation will consider integration of Nexsan with its tiered storage and security business in the first quarter of this year.
- Lighting Up Dark Data Only a quarter of stored data has clear business value-and given the costs and complexity of today's storage environments, that's an alarming statistic....
- An Insightful Approach to Optimizing Mainframe MLC Spend This paper discusses how you can penetrate the complexity of IBM mainframe MLC products and the MLC price model to gain insight into...
- Capacity Management via DCIM: Real-Time Data Center Intelligence Pays Off Effective data center capacity planning must proactively manage rack space, power, cooling and network connectivity. To prevent data center resources from becoming inefficient...
- State of Cloud Security Report In a relatively short time, cloud computing, specifically Infrastructure-as a-Service, has shifted from a new but unproven approach to an accepted, even inevitable,...
- Brunswick Moves Messaging and Collaboration to the IBM cloud Gerry Orten, Jr, Electronic Messaging Manager at Brunswick talks about why Brunswick moved to the IBM cloud.
- Increase Your Data Center IQ Discover how to improve network efficiency, lower IT costs and more proactively manage your physical, virtual and cloud environments. All Data Storage White Papers | Webcasts