Imation Announces Executive Appointments and Strategic Acquisition of Connected Data
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Imation (IMN) Names Bob Fernander as Interim CEO and Acquires Connected Data
October 14, 2015 4:26 PM EDTImation Corp. (NYSE: IMN) today announced that Bob Fernander, an existing member of the Companys Board of Directors (the Board), has been appointed as Interim CEO, effective immediately. Additionally, the Company announced it has acquired substantially all of the equity of Connected Data, Inc. (Connected Data), an emerging enterprise-class, private cloud sync and share company, in a transaction valued at approximately $7.5 million at closing. The Company intends to complete the acquisition of Connected Data through a short-form merger as soon as practicable. Connected Datas founder, CEO and current member of Imations Board, Geoff... More
