Imation acquires storage system assets of ProStor Systems

Imation Corp. announced Monday that it has acquired the multi-tiered storage system assets of Boulder, Colo.-based ProStor Systems. Financial terms of the deal were not disclosed.

ProStor's InfiniVault technology allows companies to manage fixed digital assets, including videos, images, documents and other types of large, static data files.

"Imation acquired the InfiniVault technology and product line because we recognize the need to add a compelling tiered storage architecture to our existing portfolio of backup and archiving products," said Imation CEO Mark Lucas.

Imation's portfolio of products includes Memorex, XtremeMac, TDK Life on Record and MXI Security. Imation is based in Oakdale. The company said it intends to retain 15 ProStor employees in Boulder for engineering, support, sales and marketing.

Imation shares were up 4 cents in early morning trading to $6.89.