Is Imation still in business?
Is Imation still in business?
Imation Corp. the data-storage company is gone from Minnesota, but a much-smaller reincarnation of the business will stay in the Twin Cities. Imation announced Friday it will rebrand as GlassBridge Enterprises, a name tied into the moniker of its new investment advisory subsidiary, GlassBridge Asset Management.
What happened to Imation?
Imation changed its name to Glassbridge Enterprises on February 21, 2017. Net revenue for 2016 was $44.1 million, compared to $529.2 million the year before. Glassbridge Enterprises sold the Imation brand name to Korean company O-Jin Corporation Co., Ltd. on August 4, 2017.
When did 3M spin off Imation?
1996
Imation has been based in Oakdale since Maplewood-based 3M Co. (NYSE: MMM) spun off the business unit in 1996. Imation had more than $2 billion in annual revenue at the time and 9,900 employees, including 2,000 in Minnesota.
What does Imation mean?
Noun. 1. photographic film – photographic material consisting of a base of celluloid covered with a photographic emulsion; used to make negatives or transparencies.
Is Imation stock worth anything?
The latest closing stock price for Imation as of August 11, 2017 is 2.30. The average Imation stock price for the last 52 weeks is NaN….Compare GLAE With Other Stocks.
| Stock Name | X Financial (XYF) |
|---|---|
| Country | China |
| Market Cap | $0.288B |
| PE Ratio | 0.00 |
What kind of storage software does Imation use?
Imation received an exclusive license from IronKey for its secure storage management software and service and a license to use the IronKey brand for secure storage products. In October 2011, Imation products for small and medium businesses centered on its DataGuard and InfiniVault multi-tier data protection and data archive appliances.
What is the vision of the Imation Corporation?
Imation’s vision is to deliver unsurpassed value to our customers, shareholders, employees and communities throughout the world.
When did Glassbridge Enterprises sell the Imation brand?
Glassbridge Enterprises sold the Imation brand name to Korean company O-Jin Corporation Co., Ltd. on August 4, 2017. 2019 announced Imation licence-use by PNY Technology, Ritek Corporation and photo printer company Prinics. ^ “10-K Annual Report, 12/31/1996”.
When did 3M spin off the Imation Corporation?
In the closing months of 1995, Minnesota’s 3M Corporation, one of the bluest of America’s blue-chip companies, announced that five of its businesses would be spun off the following year to form a new data storage and medical imaging company named Imation Corporation (from the words imaging, information, and imagination).
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