Imation Picks up Colorado Data Security Firm ENCRYPTX



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.”

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