OAKDALE, Minn., Aug. 30 /PRNewswire-FirstCall/ -- Imation Corp issued a statement following the announcement of the purchase of Exabyte Corporation by Tandberg Data ASA.
"This combination brings together two respected companies, two complementary product portfolios and we believe it benefits their customers and strengthens the VXA tape technology roadmap," said Bruce Henderson, Imation Chairman and CEO.
"We have worked closely with both companies in the past and look forward to working with the newly combined company going forward. We will continue to act as exclusive distributor for VXA tape media globally and will continue to support their customers with their tape media needs," added Frank Russomanno, Executive Vice President and COO.
The impacts of the restructured agreements referenced in the acquisition announcement are not anticipated to have a material effect on Imation's financial results.
About Imation
Imation Corp is the only company in the world solely focused on the development, manufacture and supply of removable data storage products spanning the four pillars of magnetic, optical, flash and removable hard disk storage. With more than 50 years of data storage leadership beginning with the development of the world's first computer tape, in 2006 Imation proudly marks its tenth anniversary as an independent company. In addition to the Imation brand, Imation Corp's global brand portfolio includes the Memorex brand; one of the most widely recognized names in the consumer electronics industry, famous for the slogan, "Is it live or is it Memorex?" Additional information about Imation is available at http://www.imation.com/ or by calling 1-888-466-3456.
