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Imation Acquires Nexsan Corporation

Imation Corp., a global scalable storage and data security company, has reached an important milestone in its strategic transformation. Imation today announced that it has acquired privately held Nexsan Corporation, a Thousand Oaks, Calif.-based provider of disk-based storage systems. As the Company continues to execute its strategy, Imation is leveraging its deep data storage core, building a platform for long-term growth and improving operating margins in high-growth data storage and security solutions markets.

The acquisition of Nexsan brings to Imation a proven technology platform and a robust portfolio of disk-based and hybrid disk-and-solid-state storage systems with more than 11,000 existing customers worldwide. It is expected to significantly accelerate Imation's growth in the small and medium-sized business (SMB) and distributed enterprise (SME) storage markets. Imation will provide the Nexsan business with global scale and a well-known storage brand for global expansion. With SMBs and SMEs struggling to address their rapidly increasing data storage and management needs, the combined Imation and Nexsan portfolio will offer customers an attractive, price / performance alternative to competitive offerings.

3 TB Hitachi 5700 RPM Drives Available for use with Nexsan E-Series Storage Systems

Nexsan, a leading independent provider of disk-based data storage systems, today announced immediate availability of 3 TB Hitachi 5700 RPM drives as an option for all Nexsan E-Series storage systems. Enhanced with Hitachi's CoolSpin technology, Hitachi's 5700 RPM 3 TB drives run cooler and are energy efficient to complement Nexsan's AutoMAID power savings technology. Combined with E-Series storage systems, the new high capacity drives are ideal for digital video storage (DVS), disk-to-disk backup and archival applications.

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