Imation Acquires Nexsan For $120 Million
Imation steps toward becoming a full-service storage provider and strengthens its hand in SMB data centers with the purchase of Nexsan.
In the first of what I'm sure will be many acquisitions in the storage business this year, Imation announced Wednesday that it is acquiring disk array vendor Nexsan for $120 million in cash and stock. This acquisition continues Imation's transition from a media vendor to a general-purpose storage vendor for the small and midsize business (SMB), and now small and midsize enterprise (SME), market -- and leaves XIO as the last of the previous generation of storage startups to remain independent.
Nexsan was one of the first vendors to bring low-cost ATA, and later SATA, drives into the data center with its ATABoy, SATABoy and SATABeast arrays. Nexsan has cultivated a reputation for efficient and reliable, if not very exciting, bulk storage systems for archives, backups and similar non-OLTP applications. Over the past two years or so, Nexsan has greatly enhanced the value its storage systems beyond simple bulk storage, so the current E-Series arrays and NST5000 unified storage systems have more than the usual set of features, including support for hybrid SSD/HDD configurations....