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Note: Imation continues to broaden its product portfolio and strengthen its hand in SMB and SME 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 today 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 SMB, and now 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...