Imation Acquires Storage Technology from Colorado Firm

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Via News Release

Imation Corp. (NYSE: IMN) today announced that it has acquired the assets of ProStor Systems, including the InfiniVault(TM) 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.”

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