Via News Release
“Imation Corp. (NYSE: IMN)… today announced that the company has acquired ENCRYPTX Corporation, a leader in encryption and security solutions for removable storage devices and removable storage media.
Approximately 10 employees will transfer from ENCRYPTX to Imation; other terms of the transaction were not disclosed. The acquisition, which follows Imation’s recent unveiling of its strategic direction as a technology company focused on growth opportunities in data storage, protection and connectivity, includes a portfolio of software solutions and intellectual property that allow enterprises to protect, encrypt, control, and manage “data at rest.”