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back to article Imation snaps up Nexsan for $120m

Struggling tape, disk, and optical media maker Imation has found its salvation: it's Nexsan, the maker of block-and-file storage systems based on flash storage that Imation is shelling out $120m to acquire. The acquisition of Nexsan – one of myriad storage startups competing in this hot part of the IT market – comes hot on the …

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Nexsan is not "one of the myriad storage statups", but rather found itself competing with a myriad of startups. Might explain why Imation got them on the cheap.

Larry @ NetApp

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