Imation (IMN) Acquires Certain Assets of Nine Technology
IMN Hot Sheet
Revenue Growth %: -11.0%
Imation Corp. (NYSE: IMN) has acquired intellectual property and other assets, including key data deduplication technology, from Nine Technology. This data deduplication software engine eliminates redundant data, enabling shorter backup windows, quicker recovery, lower infrastructure costs and more robust and reliable data protection. Financial terms of the acquisition were not disclosed. Nine Technology will continue to operate as a standalone service provider of data protection offerings and be a strategic partner for Imation.
The acquired data backup and recovery intellectual property is a patented two-stage, block-level deduplication technology.
Get immediate access to market moving news and alerts with StreetInsider.com Premium - FREE TRIAL!
The acquired data backup and recovery intellectual property is a patented two-stage, block-level deduplication technology.
Get immediate access to market moving news and alerts with StreetInsider.com Premium - FREE TRIAL!
You May Also Be Interested In
- BofA (BAC), Barclays (BCS) to Sell Remaining Archstone Interest in $1.58B Deal to Lehman Bros.
- UPDATE: Angelo, Gordon to Acquire Benihana (BNHN) for $16.30/Share in Cash
- UPDATE: InterMune (ITMN) to Divest ActImmune for $55M in Cash, Plus Two-Year Royalty Stream
Create E-mail Alert Related Categories
Corporate News, Mergers and AcquisitionsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
