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Global leader acquires data backup and recovery software to boost scalable storage offerings
Middleboro, MA, December 20, 2011 –/BackupReview.info/– Nine Technology, an industry leader in data backup and recovery solutions, today announced that the technology that operates the Powered By Nine® platform was awarded a U.S. patent for its innovative merger of two-stage, block-level deduplication and encryption. The patent and technology were subsequently acquired, along with certain other Nine Technology assets, by Imation Corp., a leading global technology company. Financial terms of the acquisition were not disclosed.
The robust and efficient data backup and recovery services that Nine Technology has offered its channel partners since April 2010 will not be interrupted; managed service providers and value-added resellers currently offering Powered By Nine® solutions will benefit from Imation’s resources as development on the software continues. Channel partners will remain clients of Nine Technology, and the Powered By Nine® infrastructure on which their customers’ data is stored will remain the property of Nine Technology.
“In the two years that Powered By Nine® has been active in the marketplace, the technology has repeatedly been proven faster, more efficient and more comprehensive than other options,” said Tom Gelson, founder and former CEO of Nine Technology. “Imation’s acquisition of the intellectual property and other assets will strengthen our efforts to develop Powered By Nine® into the strongest data backup and recovery solution available. I want to thank the many channel partners who have supported Nine Technology and assure them that their businesses and their customers will continue to enjoy the benefits of working with our team.”
Imation and Nine Technology first partnered in October 2010, when Imation announced the use of RDX technology as a cloud seeding device for Powered By Nine® data backup. Nine Technology will continue to support RDX-based cloud seeding for Powered By Nine® PRO users.
“Scalable storage for SMBs is a major growth opportunity for Imation, and Nine Technology’s patented solution complemented our roadmap in several ways,” said Ian Williams, Imation vice president, global marketing and product management. “We’re eager to coordinate the continued development of the software with our team and with Nine Technology as a strategic partner.”
Following the acquisition, Gelson and CTO Alex Stoev will join Imation to help coordinate the continued development of Powered By Nine® and as key additions to the company’s scalable storage team. This month, Nine Technology announced that Gene Fay was promoted to President and will oversee day-to-day operations, including business development, channel partnerships and customer service.
About Nine Technology
About Imation Corp.
Source: Nine Technology
A similar press release by Imation is pasted below …
Imation Acquires Data Deduplication Engine from Nine Technology
Patented data storage optimization architecture bolsters Imation’s scalable storage portfolio
OAKDALE, Minn. Dec. 20, 2011 –/BackupReview.info/– Imation Corp. (NYSE: IMN), a leading global technology company dedicated to helping people and organizations store, protect and connect their digital world, today announced it has acquired intellectual property and other assets, including key data deduplication technology, from Nine Technology. This data deduplication software engine eliminates redundant data, enabling shorter backup windows, quicker recovery, lower infrastructure costs and more robust and reliable data protection. Financial terms of the acquisition were not disclosed. Nine Technology will continue to operate as a standalone service provider of data protection offerings and be a strategic partner for Imation.
“Imation’s acquisition of this important data deduplication technology is another major step in our scalable storage growth strategy,” said Ian Williams, Imation vice president, global marketing and product management. “We chose to acquire this technology because we recognize the power of block-level deduplication. This will be one of the key differentiating features of Imation’s data protection portfolio for small and medium businesses (SMBs).”
The acquired data backup and recovery intellectual property is a patented two-stage, block-level deduplication technology.
“Imation needs block-level deduplication to compete effectively in the new world order, and Nine Technology is the right partner at the right time,” said Steve Duplessie, founder and senior analyst at Enterprise Strategy Group. “The combination of Imation’s global reach and recent storage and security investments creates a potent opportunity.”
Nine Technology founder and former chief executive officer Tom Gelson, and former Nine Technology chief technology officer Alex Stoev join Imation as key additions to the company’s scalable storage team.
“Imation is a global leader in storage,” said Gelson. “I am excited by Imation’s commitment to developing scalable storage solutions for SMBs through the integration of the Nine platform.”
About Imation Corp.
About Nine Technology, LLC
Imation, the Imation logo, Memorex, and XtremeMac are trademarks of Imation Corp. and its subsidiaries. The TDK Life on Record logo is a trademark of TDK Corporation. TDK Life on Record is not affiliated with LifeOnRecord. All other trademarks are the property of their respective owners.
The TDK Life on Record logo is used under a trademark license from TDK Corporation. TDK Life on Record is not affiliated with LifeOnRecord.
SOURCE: Imation Corp.
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