Imation acquires IronKey’s secure storage business

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Via News Release

“OAKDALE, Minn. Imation Corp. (NYSE:IMN), a leading global technology company dedicated to helping people and organizations store, protect and connect their digital world, and IronKey, a global leader in securing data and online access, today announced that they have entered into a definitive agreement under which Imation will acquire the assets of IronKey’s secure data storage hardware business.

The two companies also announced a strategic partnership whereby Imation will receive an exclusive license from IronKey for its secure storage management software and service, and a license to use the IronKey brand for secure storage products. IronKey will partner with Imation to provide its online cloud-based security services.

Approximately 40 employees of the privately held IronKey business are expected to transfer to Imation with the acquisition. Financial terms of the acquisition, expected to close within 30 days, were not disclosed.”

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