January 3, 2013 – Imation will pay $105 million in cash and more in stock for solid state and hybrid storage array vendor Nexsan in a deal that represents a shift toward offering more purpose-built data storage and security for SMBs.

Nexsan offers a portfolio of disk-based and hybrid disk and solid-state storage systems geared at traditional on-premise, virtualized and cloud deployments. Nexsan also carries approximately 11,000 customers in areas such as banking, health and life sciences, and university research, with a reported $82 million in revenue in 2011.

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