Imation to acquire California data storage corp Nexsan for $120m



Via News Release

“OAKDALE, Minn.–(BUSINESS WIRE)–Jan. 2, 2013– Imation Corp. (NYSE: IMN), 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.”

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