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Last $4.10 USD
Change Today +0.13 / 3.27%
Volume 101.0K
IMN On Other Exchanges
Symbol
Exchange
New York
Stuttgart
As of 8:04 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

1 Imation Way

Oakdale, MN 55128

United States

Phone: 651-704-4000

Fax: 888-704-4200

Imation Corp. operates as a data storage and security company. Segments The company operates in two business segments, Tiered Storage and Security Solutions (TSS), and Consumer Storage and Accessories (CSA). The company has four major product categories: Storage and Security Solutions and Commercial Storage Media in the TSS business segment; and Consumer Storage Media, and Audio and Accessories in the CSA segment. The company’s brands include Imation, Nexsan, IronKey, TDK Life on Record, TREK and Memorex. Tiered Storage and Security Solutions segment This segment includes the Storage and Security Solutions and Commercial Storage Media product categories. The company’s storage systems portfolio ranges from high volume, dense storage products to unified hybrid storage solutions for small and medium commercial businesses, enterprise and government customers. Storage and Security Solutions: This product consists of Imation Nexsan products, as well as Mobile Security, under the IronKey brand. There are approximately 11,000 Nexsan customers worldwide with 38,000 systems deployed. Imation’s Nexsan portfolio features optimized unified hybrid storage systems, secure automated archive solutions, and high-density enterprise storage arrays. The company’s solutions are used for IT applications, such as virtualization, cloud, databases and collaborations. Nexsan systems are delivered through a network of cloud service providers, value-added resellers (VARs) and solutions integrators. The company offers global customers three main solution sets: The NST hybrid storage line which addresses the hybrid storage market by combining solid state technology with spinning disk for high performance and capacity; The Nexsan E-Series disk arrays which provide storage density, reliability and power management to the block-based storage market; and The Assureon line which delivers secure archive systems for data offload, compliance and secure cloud deployment. This product family addresses growth segments of the data storage market. The company’s targeted vertical markets include government, healthcare, and media and entertainment. The company’s IronKey solutions includes hardware encrypted USB drives, PC on a Stick workspaces for Microsoft Windows To Go, and cloud-based or on-premises centralized secure device management solutions. The Imation Mobile Security family, through the IronKey product line, delivers secure data solutions for corporate employees who need to protect information on-the-go and targets organizations that require highly secure solutions in a Bring Your Own Device (BYOD) environment. The company’s flash drives are designed to meet the security standards that protect stored data and meet the U.S. Government Federal Information Processing Standard (FIPS) validation, which includes strong encryption protection with password and biometric authentication. Commercial Storage Media: The company’s magnetic tape media products are used for business and operational continuity planning, disaster recovery, data backup, near-line data storage and retrieval, and for mass and archival storage. The company has relationships with original equipment manufacturers (OEMs). Consumer Storage and Accessories (CSA) segment The CSA business segment focuses on distributing differentiated products through retail channels. CSA consists of the Consumer Storage Media and Audio and Accessories product categories. Consumer Storage Media: The Consumer Storage Media product line includes optical products, USB flash drives, flash cards and external hard disk drives. The company’s optical products consist of DVDs, CDs and Blu-ray recordable media. The company sells its recordable optical media products through various retail and commercial distribution channels and source from manufacturers in Taiwan and India. The company’s optical media is marketed worldwide under brands the company owns or controls, including Imation, Memorex and TDK Life on Record. The company also sells USB flash drives, flash cards and external hard disk drives under its Imation, Memorex and TDK Life on Record brands. Audio and Accessories: The compa

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