Imation Corp.
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Imation Corp. - overview
Location
Oakdale, MN, US
Primary Industry
Hardware
About
Imation Corp. is a technology company focused on providing innovative data storage solutions and digital lifestyle accessories, catering to diverse consumer and business needs worldwide. Imation Corp. specializes in data storage solutions and was founded in Oakdale, US.
The company operates independently without any known parent or subsidiaries. Kuniyoshi Matsui currently serves as the CEO. Imation has undergone business strategy pivots, adapting to emerging market trends in data storage. Imation specializes in data storage solutions and digital lifestyle accessories, catering to a global market across 60 countries.
The company’s core product offerings include high-performance solid-state drives (SSD), DRAM memory modules, memory cards, USB flash drives, optical storage products, and mobile accessories. Their SSD product line features various formats such as 2. 5”, M. 2, and NVMe, addressing consumer needs for speed and efficiency.
Additionally, Imation offers advanced memory solutions like the Extreme Performance NVMe Gen 4 and Gen 3 SSDs, designed for users requiring intense computational power. Imation's memory cards, such as the microSD U1 Express PRO, cater to professionals seeking high-speed data storage for devices capable of 4K QHD video recording, serving a diverse clientele across gaming, mobile technology, and enterprise data management sectors. In 2022, Imation reported a revenue of USD 100,000 and an EBITDA of USD -3,000,000. The company generates revenue through direct sales to consumers, businesses, and various retail and wholesale partners, utilizing a B2B and direct-to-consumer transaction structure.
Their flagship products, including NVMe SSDs and professional-grade memory cards, are competitively priced to reflect high performance and specialized features, supported by partnerships with retailers and technology distributors. Imation plans to expand its product lineup by launching new items such as magnetic wireless charging power banks and dual-purpose wireless charging stands, aiming for a release in the coming months. They are targeting expansion into new geographic regions, particularly in North America and Europe, by 2024. Recent funding will be utilized to support these product developments and market expansion initiatives.
Primary Industry
Hardware
Sub Industries
Storage
Website
www.imation.com
Total Amount Raised
Subscriber access only
Imation Corp. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Buyout | Completed | Nekoosa, Inc. | - |
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