Memorex 2012 Annual Report Download - page 115

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Over the past two years, Imation has embarked on a strategic transformation
aimed at placing the company at the strategic intersection of security
and storage.
It is a strategy that builds upon decades of leadership in
storage media and devices. In 2011, Imation focused on
portable devices for security, acquiring key assets of
IronKey, MXI Security and ENCRYPTX. These businesses
operate today under the IronKey by Imation brand,
and are a leader in high-security encrypted USB
devices and management software, used by
governments and enterprises to secure their
increasingly mobile workforces.
In 2012, Imation developed its storage appliance
business, including technology investments in
RDX removable hard disk technology, focusing
on purpose-built solutions for small and
medium businesses (SMBs), and acquired critical
technology assets in cloud storage and data
de-duplication from Nine Technology.
At the end of 2012, Imation dramatically accelerated
its position as a storage company with the acquisition
of Nexsan, a higher margin disk and unified storage
solution provider to SMBs and distributed enterprises with
more than 11,000 customers and a strong channel.
With a compelling product line and innovative technology
platforms, Imation is putting the right building blocks in place
for sustained growth.
IMATION’S TRANSFORMATION
A company at the intersection of storage and security
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2011
2012
Imation (NYSE: IMN) is a global scalable storage and data security company. As of 2013, Imation is organized into
two independently managed business units. The Tiered Storage and Security Solutions (TSS) business segment
consists of tiered and scalable storage products, including Nexsan disk-based storage systems, mobile security,
RDX removable hard disk products and magnetic tape. The Consumer Storage and Accessories (CSA) business
segment encompasses optical and flash media, external hard disk, TDK electronics and storage media accessories.
The Company has a 60-year legacy of technology leadership, and maintains the number one global market share
in recordable optical media and magnetic tape cartridges. Imation is making strategic investments in businesses,
products and technology to create growth platforms in scalable storage and data security, including Nexsan
storage systems and IronKey encrypted USB devices.
Imation’s 2012 revenues were $1.1 billion with approximately 60 percent of sales coming from outside the United
States. The company reaches customers in more than 100 countries through a powerful global distribution
network and well-recognized brands. Additional information about Imation is available at www.imation.com.
IMATION AT-A-GLANCE
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