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Imation Introduces the Nexsan™ Fibre Channel Hybrid Storage Appliance, Purpose-Built for Media and Entertainment and Data Protection Workloads

The NST2000 delivers next-generation hybrid caching technology to mid-sized organizations, fulfilling changing application and storage needs with new levels of performance, scalability and efficiency

LONDON--(BUSINESS WIRE)--Feb. 24, 2015-- Imation (NYSE:IMN), a global data storage and information security company, today at BVE 2015 in London introduced the Nexsan NST2000 – a new ultra-efficient hybrid storage appliance purpose-built for media and entertainment and data protection workloads that will deliver Fibre Channel connectivity and all the benefits of hybrid storage to mid-sized organizations. The NST2000 is only entry-level when it comes to its price point – it expands upon Imation’s Nexsan NST™ family of hybrid storage solutions, and will be spotlighted at Imation’s booth (M24) through the end of the show. It will be available in the second quarter.

The NST2000 delivers a powerful yet simple to deploy and manage hybrid storage solution using the latest high-performance technologies, and provides the scalability and flexibility to meet the needs of organizations that continue to rapidly add new applications to their environments. With an intelligent hybrid caching layer, NST2000 is optimized for mixed application workloads, media and entertainment workflows and data protection strategies. NST2000 also is ideal for organizations looking to strategically move toward hybrid storage and take advantage of the new levels of performance, availability and reliability it can deliver.

“Customers rely on Chesapeake Systems for our specialization in media, entertainment and broadcast workflows. As the industry moves toward more heterogeneous environments, it’s critical for hybrid storage options to be accessible to operations of all sizes,” said Nicolas Gold, chief revenue officer of Chesapeake Systems. “Imation’s Nexsan solutions – and specifically its NST2000 – bring the file and block services, hybrid efficiency, and redundancy for high availability inherent in high-end systems and make them more financially approachable for smaller operations. This is an excellent complement to the NST line, and we look forward to working more with Imation to help our customers realize these benefits.”

"Hybrid storage solutions could really revolutionize how video teams get their work done," said Sam Bogoch, CEO of axle Video. "Imation's Nexsan NST solutions are fast, flexible, dense and scalable. We're excited to expand our relationship with Imation, which will help more customers benefit from this cutting-edge technology."

As with all of the hybrid storage systems in the NST product family, NST2000 has a standard all-inclusive software licensing model which includes features such as:

  • Unified Fibre Channel Support – NST2000 expands the Nexsan NST family’s unified block and file sharing capabilities by adding Fibre Channel connectivity for those small and medium-sized organizations that prefer it for their applications. This gives organizations the ability to take advantage of the benefits of NST’s hybrid storage using a full range of unified storage protocols, including iSCSI, NFS, CIFS, FTP and now Fibre Channel.
  • Capacity Scalability –NST2000 capacities start at 13TB and can scale up to 168TB and 2TB FASTier™ cache, delivering much more flexibility to IT administrators.
  • Intelligent Hybrid Caching – The NST2000 combines Imation’s intelligent caching algorithms with solid-state disks (SSD’s) and the latest processor technology to provide blazing fast performance for business critical applications.
  • Enhanced Data Reduction – The NST2000 delivers faster and smarter inline compression. Compressible data can be processed 50 percent faster than with preceding NST arrays, and intelligence removes the penalty of trying to act upon noncompressible data.

“With the introduction of the NST2000, organizations have an entirely new set of options for storing, managing and protecting the high-value data they create in situations like digital asset management in media and entertainment workflows,” said Mike Stolz, vice president of marketing and technical support for Imation’s Nexsan solutions. “They can deploy hybrid storage, realize new levels of performance, scale their data centers to new levels of capacity and much more – all at a price point that was previously inaccessible to them given their limited budgets and resources. We’re excited to help these organizations operate more efficiently and generate more ROI from their storage investment – and to add the NST2000 to help address a full range of application requirements.”

"The new NST2000 is just the latest proof point that Imation has raised the bar with its Nexsan product portfolio," said Deni Connor, founder of SSG-Now. "Imation is a company with a strong vision for data storage and the breadth and depth of a hybrid storage product family for a segment of the market that desperately needs it. Now with its NST2000, mid-sized organizations can take full advantage of the benefits this product provides."

Imation’s Nexsan NST™ is a set of flexible hybrid storage appliances that scale to meet mid-sized organization application and storage needs with unified NAS and SAN access capabilities in a single solution. Other product lines in Imation’s deep Nexsan portfolio of purpose-built storage solutions are:

  • Imation’s Nexsan E-Series™ is a family of high-density, high-performance and highly reliable storage solutions that can be directly attached or networked to workstations and servers.
  • Imation’s Nexsan Assureon™ is a set of secure storage solutions that reduce storage cost by offloading and deduplicating data from primary storage that is infrequently used or has aged by policy.

For more information on Imation’s Nexsan storage solutions, visit www.imation.com/en/nexsan.

About Imation
Imation (NYSE: IMN) is a global data storage and information security company. Our products and solutions help organizations and individuals store, manage and protect their digital content. Imation’s storage and security portfolio includes Nexsan high-density, archive and solid-state optimized unified hybrid storage solutions; IronKey™ mobile security solutions that address the needs of professionals for secure data transport and mobile workspaces; and consumer storage solutions, audio products and accessories sold under the Imation, Memorex and TDK Life on Record brands. Imation reaches customers in more than 100 countries through a powerful global distribution network. For more information, visit www.imation.com.

Follow @Nexsan on Twitter.

Imation, the Imation logo, Nexsan, the Nexsan by Imation logo, IronKey, NST, FASTier, E-Series, Assureon and Memorex are trademarks of Imation Corp. TDK Life on Record is a trademark of TDK Corporation and is used under license. All other trademarks are property of their respective owners.

Source: Imation Corp.

For Imation Corp.
Jason Sprenger, 612-327-1886
jsprenger@gamechangercommunications.com

CABSAT 2015

March 10-12, 2015: Dubai World Trade Centre

Imation's Barbara Spicek Named 2015 CRN Channel Chief

Recognition honors Spicek’s contributions to the industry and Imation’s dedication to its partners

OAKDALE, Minn.--(BUSINESS WIRE)--Feb. 23, 2015-- Imation (NYSE:IMN), a global data storage and information security company, today announced that Barbara Spicek has been named to the prestigious list of the 2015 CRN Channel Chiefs. The influential executives on this annual list represent the most powerful leaders in the IT channel who hold direct responsibility for driving growth and revenue for their organizations through their indirect channel partners. Individuals are selected by CRN for inclusion based on their track record of channel accomplishments, standing in the industry, dedication to the partner community, and plans for driving future business innovation and channel growth.

As Imation’s vice president of worldwide sales, Spicek is responsible for expanding Imation’s Storage Solution Business, heading the worldwide sales force and setting channel strategies and routes-to-market expansion globally. Before joining Imation, Spicek served in global executive sales and leadership roles at ASG, Brocade, Iomega and Toshiba, and she has been responsible for channel sales, development of the channel, sales programs and acquisition of new customers throughout her distinguished career.

“Each year, our editors carefully vet an extensive group of highly accomplished channel executives to highlight those exemplary individuals who earn the mantle of CRN Channel Chief,” said Robert Faletra, CEO of The Channel Company. “These executives strive to advance the success and standing of the channel community within their organizations. The 2015 CRN Channel Chiefs lead by example and serve as valuable advocates to help ensure the health and longevity of the IT channel. We applaud their accomplishments and look forward to their continued success.”

“We’re proud of Barbara and the many contributions she has made to the industry throughout her career; this recognition is very well deserved,” said Ian Williams, president of tiered storage and security solutions at Imation. “Our channel partners are essential to our success, and Barbara will continue to lead our efforts to give them an edge in the marketplace, deliver best-in-class products, help them add value and grow their bottom lines.”

The 2015 CRN Channel Chiefs list is featured in the February 2015 issue of CRN, and online at www.CRN.com.

About Imation
Imation (NYSE: IMN) is a global data storage and information security company. Our products and solutions help organizations and individuals store, manage and protect their digital content. Imation’s storage and security portfolio includes Nexsan high-density, archive and solid-state optimized unified hybrid storage solutions; IronKey™ mobile security solutions that address the needs of professionals for secure data transport and mobile workspaces; and consumer storage solutions, audio products and accessories sold under the Imation, Memorex and TDK Life on Record brands. Imation reaches customers in more than 100 countries through a powerful global distribution network. For more information, visit www.imation.com.

Follow @Nexsan on Twitter.

Imation, the Imation logo, Nexsan, the Nexsan by Imation logo, IronKey and Memorex are trademarks of Imation Corp. TDK Life on Record is a trademark of TDK Corporation and is used under license. All other trademarks are property of their respective owners.

Source: Imation Corp.

For Imation Corp.
Jason Sprenger, 612-327-1886
jsprenger@gamechangercommunications.com

Bio-IT World Conference & Expo

April 21-23, 2015: Boston, MA

Imation Adds IronKey™ S1000 Products to World's Most Secure Family of USB Storage Devices - Now Also the World's Fastest Hardware-Encrypted USB Flash Drives

New USB 3.0 Flash Drive Offers Industry-Leading Lifetime Warranty for Optimal Investment Protection

OAKDALE, Minn.--(BUSINESS WIRE)--Feb. 18, 2015-- Imation Corp. (NYSE:IMN), a global data storage and information security company, today announced the addition of the IronKey S1000 USB 3.0 Flash Drive to its IronKey product line. The S1000 builds upon IronKey’s history of providing the world’s most secure USB storage devices, offering customers a choice between IronKey’s industry-leading USB 2.0 devices as well as the high-performance USB 3.0 solutions. The S1000 protects files with Federal Information Processing Standards (FIPS) 140-2 Level 31 and National Institute of Standards and Technology (NIST)-approved XTS-AES 256-bit encryption, ensuring compliance with the most stringent government and industry regulations while allowing workers to remain mobile. IronKey offers double the performance of competing hardware-encrypted USB 3.0 SuperSpeed flash drives and has increased the capacity of its secure storage flash drives to 128GB, enabling users to store and retrieve the most data-intensive files quickly and easily, thus increasing user productivity. The S1000 is backed by an industry-leading lifetime warranty and is available in two versions for maximum flexibility: IronKey Basic S1000 and the centrally managed IronKey Enterprise S1000.

“The increasing need for employees to work remotely has created problems for IT,” said Ken Jones, vice president of engineering and product management at IronKey. “Employees want, and need, access to their data regardless of location. The challenge, especially for highly regulated industries such as healthcare, is how to keep that data safe when according to research the majority of data breaches result from physical loss or theft of devices. IronKey’s highly secure, managed USB drives provide the mobility features – including performance, durability, and capacity – needed to enable a productive mobile workforce while ensuring the security of the organization’s data.”

The S1000 is twice as fast as the competition, with read speeds up to 400 MB/second and write speeds up to 300 MB/second. It combines the high performance of USB 3.0 technology with a military-grade, ruggedized, portable design that resists physical tampering and will self-destruct if unauthorized attempts to physically obtain access to the data are made. In addition, the S1000 protects against attacks such as BadUSB to which other USB vendors are vulnerable. In an industry first, based on IronKey’s heritage of quality and durability, the company is offering a lifetime warranty for its S1000 family.

Both the Enterprise and Basic versions of the S1000 provide the level of security on which IronKey has built its reputation. The Enterprise S1000 adds management capabilities enabling customers to centrally administer access and usage policies across thousands of drives with the cloud-based IronKey Enterprise Management Service, the same platform used to manage other IronKey devices. This intuitive, secure online interface makes it easy to enforce device-specific policies, allow users to securely recover lost passwords, take control over where devices can be used and even remotely disable or destroy lost or stolen drives. Customers who purchase IronKey Basic S1000 drives can upgrade their devices to the Enterprise version at any time with the addition of the management platform.

Availability and Pricing
The IronKey Enterprise and Basic S1000 are immediately available through Imation Mobile Security channel partners; pricing begins at $139 for 4GB. IronKey Basic S1000 is also available through the company’s eStore. On-premises management of the Enterprise S1000 with the IronKey Enterprise Management Server will be available in early Q2 2015. For more information about IronKey’s secure storage portfolio including USB 2.0 offerings, visit www.ironkey.com.

About Imation Corp.
Imation is a global data storage and information security company. Our products and solutions help organizations and individuals store, manage and protect their digital content. Imation’s storage and security portfolio includes Nexsan™ high-density, archive and solid-state optimized unified hybrid storage solutions; IronKey mobile security solutions that address the needs of professionals for secure data transport and mobile workspaces; and consumer storage solutions, audio products and accessories sold under the Imation™, Memorex™ and TDK Life on Record™ brands. Imation reaches customers in more than 100 countries through a powerful global distribution network. For more information, visit www.imation.com.

Imation, the Imation logo, IronKey, the IronKey logo, PC on a Stick, Nexsan, and Memorex are trademarks of Imation Corp. and its subsidiaries. TDK Life on Record is used under a trademark license from TDK Corporation. All other trademarks are property of their respective owners.

1 FIPS 140-2 Level 3 Certification #2320

Source: Imation Corp.

TRAINER COMMUNICATION for Imation
Justin Gillespie, 925-271-8215
ironkey@trainercomm.com

NAB Show

Saturday, April 11, 2015: Las Vegas Convention Center, Las Vegas, NV

Imation Partners with axle Video to Simplify and Maximize Efficiency in Media and Entertainment Workflows

Imation to showcase combined solution with axle Video for media and entertainment users at BVE 2015 in London

OAKDALE, Minn.--(BUSINESS WIRE)--Feb. 18, 2015-- Imation (NYSE:IMN), a global data storage and information security company, today announced that it has established a partnership with axle Video LLC to deliver a media management solution that will help users master their entire media collections. By combining axle Video’s affordable, simple-to-deploy solutions and Imation’s video-optimized Nexsan™ data storage solutions for the media and entertainment industry, users can now deploy and benefit from an easy-to-use, flexible and streamlined media management solution with the power to accelerate workflows, enhance collaboration and maximize output.

“Users in media and entertainment struggle today with how to deliver adequate storage to support existing needs and plan for exponential data growth in their organizations,” said Mike Stolz, vice president of marketing and global services for Imation’s Nexsan solutions. “They need to find the right balance of capacity, performance, efficiency and ROI for their organization, despite the many variables in play. This combined solution optimizes media management for users, providing a simple yet powerful interface on the front end and the best in efficient, high-capacity, high-reliability storage on the back end.”

“We’re really excited to be working with Imation to offer complete solutions,” said Sam Bogoch, CEO of axle Video. “Their combination of SAN and NAS systems, along with a high degree of scalability, offers great value to our joint customers in the industry.”

Imation will show off this combined solution – and its Nexsan storage solutions for media and entertainment users – at next week’s BVE 2015 in London. Visit the Imation booth at BVE 2015 to see for yourself why Imation’s Nexsan solutions are the best in high-value data storage for media and entertainment applications:

  • Booth: M24
  • Demonstrations: Imation’s entire Nexsan family of data storage solutions will be available in the booth during normal exhibition hours. This includes the Nexsan™ NST4000 – an ultra-efficient hybrid storage appliance purpose-built for media and entertainment and data protection workloads.

Imation’s deep Nexsan portfolio of purpose-built storage solutions enables users to deploy the right storage products for the right application. The Nexsan product lines are:

  • Imation’s Nexsan NST™ is a family of flexible hybrid storage appliances that scale to meet mid-sized organization application and storage needs with unified NAS and SAN access capabilities in a single solution.
  • Imation’s Nexsan E-Series™ is a family of high-density, high-performance and highly reliable storage solutions that can be directly attached or networked to workstations and servers.
  • Imation’s Nexsan Assureon™ is a set of secure storage solutions that reduce storage cost by offloading and deduplicating data from primary storage that is infrequently used or has aged by policy.

For more information on Imation’s Nexsan storage solutions, visit www.imation.com/en/nexsan.

BVE 2015 will welcome more than 240 exhibitors to showcase the latest products and technologies that take content from creation to consumption. The UK’s only show for the broadcast and production industry attracts manufacturers of many different kinds of broadcast technology, providing the ideal platform to launch products and services to the UK market or indeed the world. BVE 2015 takes place from February 24-26 at ExCeL London. Visit http://www.bvexpo.com/page.cfm/action=press/libID=1/libEntryID=424/listID=1#sthash.w6YrB6Xv.dpuf for additional information or to register.

About axle Video
axle Video LLC is the recognized market leader in affordable, simple-to-deploy media management solutions for small and midsize teams. axle has deployed hundreds of systems worldwide, with customers including prominent broadcasters, governments, corporations, universities, sports teams and churches. A rapidly growing, privately held company, axle targets these workgroups, for whom traditional MAM systems are often much too expensive and complex. Since launching in 2012, axle Video has seen its solutions recognized with Best of Show awards at IBC 2012, and Post Picks and DV Magazine Black awards at NAB 2013. Learn more at www.axlevideo.com.

About Imation
Imation (NYSE: IMN) is a global data storage and information security company. Our products and solutions help organizations and individuals store, manage and protect their digital content. Imation’s storage and security portfolio includes Nexsan high-density, archive and solid-state optimized unified hybrid storage solutions; IronKey™ mobile security solutions that address the needs of professionals for secure data transport and mobile workspaces; and consumer storage solutions, audio products and accessories sold under the Imation, Memorex and TDK Life on Record brands. Imation reaches customers in more than 100 countries through a powerful global distribution network. For more information, visit www.imation.com.

Follow @Nexsan on Twitter.

Imation, the Imation logo, Nexsan, the Nexsan by Imation logo, IronKey, NST, E-Series, Assureon and Memorex are trademarks of Imation Corp. TDK Life on Record is a trademark of TDK Corporation and is used under license. All other trademarks are property of their respective owners.

Source: Imation Corp.

For Imation Corp.
Jason Sprenger, 612-327-1886
jsprenger@gamechangercommunications.com

Imation's Nexsan Assureon Storage Solutions Achieve Financial Certification in Germany

KPMG’s certification enables German organizations to implement the Nexsan Assureon’s backup and archive capabilities as part of their high-value data storage policies

OAKDALE, Minn.--(BUSINESS WIRE)--Feb. 16, 2015-- Imation (NYSE:IMN), a global data storage and information security company, today announced that its Nexsan Assureon™ secure storage solutions have been certified by audit firm KPMG. The audit covers the use of Assureon by organizations based wholly or in part in Germany as part of their efforts to comply with German auditing processes. It also enables Imation and its partners to offer Assureon and its best-in-class storage backup and archive capabilities as part of the comprehensive IT solutions they build to store and protect high-value data for end users throughout the nation.

PS 880 procedures certify that accounting-relevant products offered for sale and used properly comply with generally accepted German accounting principles. Solutions are audited in detail to test their processing functions and rules, as well as their security aspects such as access protection and data security.

“PS 880 certification enables us to bring the variety of benefits of our Nexsan Assureon solutions to the full spectrum of Imation partners and customers throughout the nation,” said Mike Stolz, vice president of marketing and global services for Imation’s Nexsan solutions. “With Assureon, we provide our growing customer base with a simple platform to securely preserve and access their high-value data and give them absolute confidence that their files will be kept secure and contain the exact same data over time as they did when they were created.”

Imation’s Nexsan Assureon is a family of secure storage solutions that solve these problems and reduce storage cost by offloading and deduplicating data from primary storage that is infrequently used or has aged by policy. Assureon, through policy automation, can eliminate or greatly reduce the size, cost and complexity of backups for primary and infrequently accessed data. Data integrity features like file-fingerprinting and automated self-healing integrity checks ensure that high-value data is protected throughout its lifecycle. Assureon’s security features also comply with corporate and governmental regulatory requirements, making it the ideal solution for medical, financial and government organizations. Architected to be automated and hands-off, the Assureon experience allows administrators to focus resources and spending on primary storage.

Assureon is just one part of Imation’s deep Nexsan portfolio of purpose-built storage solutions, enabling users to deploy the right storage products for the right application. The other Nexsan product lines are:

  • Imation’s Nexsan NST™ is a set of flexible hybrid storage appliances that scale to meet mid-sized organization application and storage needs with unified NAS and SAN access capabilities in a single solution.
  • Imation’s Nexsan E-Series™ is a family of high-density, high-performance and highly reliable storage solutions that can be directly attached or networked to workstations and servers.

To read the results of the PS 880 audit by KPMG, visit http://www.kpmg.de/bescheinigungen/RequestReport.aspx?39133. For more information on Imation’s Nexsan storage solutions, visit www.imation.com/nexsan.

About Imation
Imation (NYSE: IMN) is a global data storage and information security company. Our products and solutions help organizations and individuals store, manage and protect their digital content. Imation’s storage and security portfolio includes Nexsan high-density, archive and solid-state optimized unified hybrid storage solutions; IronKey™ mobile security solutions that address the needs of professionals for secure data transport and mobile workspaces; and consumer storage solutions, audio products and accessories sold under the Imation, Memorex and TDK Life on Record brands. Imation reaches customers in more than 100 countries through a powerful global distribution network. For more information, visit www.imation.com.

Follow @Nexsan on Twitter.

Imation, the Imation logo, Nexsan, the Nexsan by Imation logo, IronKey, NST, E-Series, Assureon and Memorex are trademarks of Imation Corp. TDK Life on Record is a trademark of TDK Corporation and is used under license. All other trademarks are property of their respective owners.

Source: Imation Corp.

For Imation Corp.
Jason Sprenger, 612-327-1886
jsprenger@gamechangercommunications.com

Imation Delivers 4.9PB of Storage in a Single Data Center Rack by Enabling/Optimizing 8TB Disk Drives

IT users in data-intense industries and organizations have new density and capacity options as they work to accommodate exponential data growth with limited resources

OAKDALE, Minn.--(BUSINESS WIRE)--Feb. 13, 2015-- Imation (NYSE:IMN), a global data storage and information security company, today announced it is now offering HGST’s 8TB Ultrastar® hard disk drives with its Nexsan E-Series™ family of data storage solutions. Now, with E-Series, users can store up to 144TB of data in just two rack units and nearly 5PB in a standard rack, unlocking new levels of density and capacity customization in their data centers.

“Users in media and entertainment, high performance computing and many other industries struggle today with how to deliver adequate storage for the exponential data growth in their organizations using limited budgets and resources,” said Mike Stolz, vice president of marketing and global services for Imation’s Nexsan solutions. “They also are challenged by how to properly archive and protect their high-value data through both primary and backup storage. With HGST’s 8TB drives, we can deliver more capacity to users and lower their operating expenses – but even more, we offer them new flexibility and options for architecting their data centers and deliver new levels of value.”

“Our HelioSeal™ platform is quickly becoming the de facto standard in enterprise capacity drives for data centers,” said Brendan Collins, vice president of product marketing, HGST. “Boasting today’s lowest total cost of ownership, our helium-filled disk drives combine industry leading capacity and power efficiency to enable the highest capacity per rack while staying within the stringent power consumption and cooling requirements of today’s data centers.”

Imation’s Nexsan E-Series is a family of high-density, high-performance and highly reliable storage solutions that can be directly attached or networked to workstations and servers. E-Series delivers the density and efficiency that organizations need to scale their capacity while lowering their overall space requirements and operating costs. All E-Series systems take the extra step to reduce power and cooling requirements through their multi-level, power-reducing AutoMAID capabilities. They also include an easy-to-use management interface that simplifies deployment and management for the resource-constrained IT administrator.

The E-Series family is just one part of Imation’s Nexsan deep portfolio of purpose-built storage solutions, enabling users to deploy the right storage products for the right application. The other Nexsan product lines are:

  • Imation’s Nexsan NST™ is a set of flexible hybrid storage appliances that scale to meet mid-sized organization application and storage needs with unified NAS and SAN access capabilities in a single solution.
  • Imation’s Nexsan Assureon™ is a set of secure storage solutions that reduce storage cost by offloading and deduplicating data from primary storage that is infrequently used or has aged by policy.

For more information on Imation’s Nexsan storage solutions, visit www.imation.com/nexsan.

About Imation
Imation (NYSE: IMN) is a global data storage and information security company. Our products and solutions help organizations and individuals store, manage and protect their digital content. Imation’s storage and security portfolio includes Nexsan high-density, archive and solid-state optimized unified hybrid storage solutions; IronKey™ mobile security solutions that address the needs of professionals for secure data transport and mobile workspaces; and consumer storage solutions, audio products and accessories sold under the Imation, Memorex and TDK Life on Record brands. Imation reaches customers in more than 100 countries through a powerful global distribution network. For more information, visit www.imation.com.

Follow @Nexsan on Twitter.

Imation, the Imation logo, Nexsan, the Nexsan by Imation logo, IronKey, E-Series, NST, AutoMAID, Assureon and Memorex are trademarks of Imation Corp. TDK Life on Record is a trademark of TDK Corporation and is used under license. All other trademarks are property of their respective owners.

Source: Imation Corp.

For Imation Corp.
Jason Sprenger, 612-327-1886
jsprenger@gamechangercommunications.com

Imation Provides Update on Next Phase of Its Strategic Transformation

OAKDALE, Minn.--(BUSINESS WIRE)--Feb. 10, 2015-- Imation (NYSE:IMN), a global data storage and information security company, today provided an update on its continuing transformation and announced that it has been working with Houlihan Lokey as its financial adviser to explore options to unlock embedded value within its consumer storage and accessories (‘CSA’) and tiered storage and security solutions (‘TSS’) business units.

Imation’s strategic transformation has been a multi-year process that has included key acquisitions to bolster its Mobile Security products and Storage Solutions offerings, a major restructuring and down-sizing that created two distinct business units – consumer-centric and commercial-centric - and the divestiture of certain under-performing and non-core businesses. Throughout the transformation, the Company has continued to maintain a strong cash position, which has provided financial flexibility to continue comprehensively reviewing strategic alternatives from a position of strength.

During the transformation process, the Company has worked extensively with external advisors and has had discussions with third-parties to fully examine a variety of available options. To advise on the next phase of the transformation, Houlihan Lokey is working with the Company to review and explore certain strategic options to maximize the value of each business unit.

“This evaluation is another important milestone in Imation’s ongoing evolution in becoming a global leader in data storage and security. The changing industry and competitive landscape affirms that we are on the right path as we continue to seek the best method of maximizing value for each business unit and for our shareholders,” commented Mark Lucas, Chief Executive Officer of Imation. “Enhancing the independence of each business unit may allow each team to focus solely on its own growth and product development.”

“As the Board reviews the options available to us, the management team and the rest of the Company remain singularly focused on executing our plans in each business, including introducing differentiated, higher margin products, and appropriately investing in our business plan,” concluded Lucas.

There can be no assurance that this process will result in any transaction, or that any transaction, if pursued, will be consummated. The Company, which will continue to operate normally during the review process, does not intend to provide any additional information with respect to the process, until the evaluation is complete.

About Imation Corp.
Imation (NYSE: IMN) is a global data storage and data security company. Our products and solutions help organizations and individuals store, manage and protect their digital content. Imation’s storage and security portfolio includes Nexsan high-density, archive and solid-state optimized unified hybrid storage solutions; IronKey mobile security solutions that address the needs of professionals for secure data transport and mobile workspaces; and consumer storage solutions, audio products and accessories sold under the Imation, Memorex and TDK Life on Record brands. Imation reaches customers in more than 100 countries through a powerful global distribution network. For more information, visit www.imation.com.

Source: Imation Corp.

Imation Corp.
Scott Robinson, 651-704-4311
srobinson@imation.com

CUSTOMER SUCCESS STORIES

People and organizations around the world use Imation products to improve productivity, secure and protect their most important digital assets. 

Nexsan by Imation

Case Study: UCLA

High-Performance Computing

UCLA recently needed a storage solution with enough flexibility, capacity and scalability to serve its varied user base.

IronKey by Imation

Microsoft and Imation Experts

The Scoop on Windows to Go

Microsoft and Imation Experts discuss Windows to Go and its role in enabling enterprise mobility.

Imation

Barnickel Design

Small Business Backed By Big Storage

Early in his career, graphic designer Rob Barnickel lost a year’s worth of work when a hard drive failed and he hadn’t made a backup copy. With Imation’s RDX Removable Hard Disk Storage System, he’s confident he won’t have to repeat that experience.