Imation (IMN) Acquires Certain Assets of Nine Technology

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.

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