Imation Acquires Encryption Software Supplier Encryptx

 
 
By Chris Preimesberger  |  Posted 2011-03-03 Email Print this article Print
 
 
 
 
 
 
 

Encryptx's portfolio includes encryption, device management and control, and digital rights management solutions that protect removable drives, flash drives, CDs, DVDs and PC data.

Removable storage device maker Imation decided March 3 to quit licensing its security software and simply buy a key supplier, Encryptx Corp.

Terms of the transaction were not disclosed. Ten of Broomfield, Colo.-based Encryptx's 11 employees will transfer to Imation, the company said.

Encryptx is not to be confused with EncrypTix, Inc., a formerly majority-owned subsidiary of Stamps.com that ceased operations for financial reasons almost exactly 10 years ago (March 12, 2001).

It just made a lot more fiscal sense for Minnesota-based Imation to bring the small security firm into its realm, rather that continue to license the software, and Imation spokeswoman told eWEEK

"Imation has essentially already integrated the encryption technology. Now they're just purchasing the company outright," the spokeswoman said.

Encryptx's portfolio includes encryption, device management and control, and digital-rights-management solutions that protect removable drives, flash drives, CDs, DVDs and PC data. Encryptx products are federally approved for purchase under a U.S. Government ESI/SmartBuy Contract, Imation said.

Imation also owns the Memorex, TDK and XtremeMac brands.

 


 
 
 
 
Chris Preimesberger Chris Preimesberger was named Editor-in-Chief of Features & Analysis at eWEEK in November 2011. Previously he served eWEEK as Senior Writer, covering a range of IT sectors that include data center systems, cloud computing, storage, virtualization, green IT, e-discovery and IT governance. His blog, Storage Station, is considered a go-to information source. Chris won a national Folio Award for magazine writing in November 2011 for a cover story on Salesforce.com and CEO-founder Marc Benioff, and he has served as a judge for the SIIA Codie Awards since 2005. In previous IT journalism, Chris was a founding editor of both IT Manager's Journal and DevX.com and was managing editor of Software Development magazine. His diverse resume also includes: sportswriter for the Los Angeles Daily News, covering NCAA and NBA basketball, television critic for the Palo Alto Times Tribune, and Sports Information Director at Stanford University. He has served as a correspondent for The Associated Press, covering Stanford and NCAA tournament basketball, since 1983. He has covered a number of major events, including the 1984 Democratic National Convention, a Presidential press conference at the White House in 1993, the Emmy Awards (three times), two Rose Bowls, the Fiesta Bowl, several NCAA men's and women's basketball tournaments, a Formula One Grand Prix auto race, a heavyweight boxing championship bout (Ali vs. Spinks, 1978), and the 1985 Super Bowl. A 1975 graduate of Pepperdine University in Malibu, Calif., Chris has won more than a dozen regional and national awards for his work. He and his wife, Rebecca, have four children and reside in Redwood City, Calif.Follow on Twitter: editingwhiz
 
 
 
 
 
 
 

Submit a Comment

Loading Comments...

 
Manage your Newsletters: Login   Register My Newsletters























 
 
 
 
 
 
 
 
 
 
 
Rocket Fuel