Close
  • Latest News
  • Artificial Intelligence
  • Video
  • Big Data and Analytics
  • Cloud
  • Networking
  • Cybersecurity
  • Applications
  • IT Management
  • Storage
  • Sponsored
  • Mobile
  • Small Business
  • Development
  • Database
  • Servers
  • Android
  • Apple
  • Innovation
  • Blogs
  • PC Hardware
  • Reviews
  • Search Engines
  • Virtualization
Read Down
Sign in
Close
Welcome!Log into your account
Forgot your password?
Read Down
Password recovery
Recover your password
Close
Search
Logo
Logo
  • Latest News
  • Artificial Intelligence
  • Video
  • Big Data and Analytics
  • Cloud
  • Networking
  • Cybersecurity
  • Applications
  • IT Management
  • Storage
  • Sponsored
  • Mobile
  • Small Business
  • Development
  • Database
  • Servers
  • Android
  • Apple
  • Innovation
  • Blogs
  • PC Hardware
  • Reviews
  • Search Engines
  • Virtualization
More
    Home Cloud
    • Cloud
    • Cybersecurity
    • PC Hardware
    • Storage

    Imation Acquires IronKey’s USB-Based Hardware Security Business

    Written by

    Fahmida Y. Rashid
    Published September 20, 2011
    Share
    Facebook
    Twitter
    Linkedin

      eWEEK content and product recommendations are editorially independent. We may make money when you click on links to our partners. Learn More.

      IronKey has sold its USB-based security hardware business to Imation, freeing up resources for IronKey to focus on its cloud-based security services for enterprises.

      Under the sales agreement, Imation will acquire the assets of IronKey’s secure data storage hardware business for an undisclosed amount, the companies announced on Sept. 20. As part of the deal, expected to close within 30 days, IronKey will make its cloud-based security services available to Imation.

      The two companies also signed a strategic multiyear partnership that will enable Imation to offer customers a steadily expanding toolset to manage mobile devices, encryption, security policies, fraud prevention and virtualized applications.

      The acquisition also will allow Imation to offer cloud-based services while it continues to focus on hardware to secure mobile devices, portable storage and data removal media, Lawrence Reusing, general manager of Imation Mobile Security Group, told eWEEK.

      The acquisition is a “real win-win” for IronKey and Imation, Dave Jevans, founder and chairman of IronKey and of the Anti-Phishing Working Group, told eWEEK. Imation’s global reach means the company has the capability to scale the secure storage business much faster than what IronKey could accomplish, Jevans said.

      Imation acquired secure storage products and technologies such as the multifunction portable computing devices that protect stored data with strong hardware encryption. IronKey combined the portable devices with the cloud-based IronKey Enterprise Management Service to provide comprehensive data security. IronKey’s banking product is used by financial institutions to secure online banking and reduce online fraud.

      Under the partnership, Imation will receive an exclusive license from IronKey for the secure storage management software and service along with a license to use the IronKey brand for its secure storage products.

      IronKey will “accelerate” its focus to grow its cloud-based security portfolio, said IronKey CEO Arthur Wong. The Trusted Access security platform will be expanded to enable all enterprises-not just financial institutions-to protect assets, data and transactions, according to Wong. IronKey will support multiple form factors and applications, including portable USB devices, software and mobile applications for IronKey Trusted Access and other new IronKey security services, Wong said.

      Approximately 40 employees at IronKey were associated with the hardware side of the business, and they are expected to move to Imation, while the remainder of the team will stay with IronKey, Jevans said. Current IronKey Trusted Access customers will continue to receive product support through IronKey, while the secure storage customers and partners will be transferred to Imation.

      While the partnership agreement doesn’t specify any technology sharing or collaboration, Reusing expects the companies to engage in “idea-sharing.” The collaboration agreement will have the two companies working together to reach customers.

      “IronKey is focused on enabling enterprises and government agencies to safely adopt the economic benefits of mobile and cloud computing amidst increasingly sophisticated cyber-attacks,” Jevans said.

      Imation will help push IronKey’s service to its customers. There was very little overlap between the customer bases, according to Scott Ashdown, director of products and solutions at Imation Mobile Security Group. Imation also has an OEM relationship where some of its devices are distributed by McAfee, which will remain unaffected by the IronKey deal, according to Ashdown.

      Fahmida Y. Rashid
      Fahmida Y. Rashid

      Get the Free Newsletter!

      Subscribe to Daily Tech Insider for top news, trends & analysis

      Get the Free Newsletter!

      Subscribe to Daily Tech Insider for top news, trends & analysis

      MOST POPULAR ARTICLES

      Artificial Intelligence

      9 Best AI 3D Generators You Need...

      Sam Rinko - June 25, 2024 0
      AI 3D Generators are powerful tools for many different industries. Discover the best AI 3D Generators, and learn which is best for your specific use case.
      Read more
      Cloud

      RingCentral Expands Its Collaboration Platform

      Zeus Kerravala - November 22, 2023 0
      RingCentral adds AI-enabled contact center and hybrid event products to its suite of collaboration services.
      Read more
      Artificial Intelligence

      8 Best AI Data Analytics Software &...

      Aminu Abdullahi - January 18, 2024 0
      Learn the top AI data analytics software to use. Compare AI data analytics solutions & features to make the best choice for your business.
      Read more
      Latest News

      Zeus Kerravala on Networking: Multicloud, 5G, and...

      James Maguire - December 16, 2022 0
      I spoke with Zeus Kerravala, industry analyst at ZK Research, about the rapid changes in enterprise networking, as tech advances and digital transformation prompt...
      Read more
      Video

      Datadog President Amit Agarwal on Trends in...

      James Maguire - November 11, 2022 0
      I spoke with Amit Agarwal, President of Datadog, about infrastructure observability, from current trends to key challenges to the future of this rapidly growing...
      Read more
      Logo

      eWeek has the latest technology news and analysis, buying guides, and product reviews for IT professionals and technology buyers. The site’s focus is on innovative solutions and covering in-depth technical content. eWeek stays on the cutting edge of technology news and IT trends through interviews and expert analysis. Gain insight from top innovators and thought leaders in the fields of IT, business, enterprise software, startups, and more.

      Facebook
      Linkedin
      RSS
      Twitter
      Youtube

      Advertisers

      Advertise with TechnologyAdvice on eWeek and our other IT-focused platforms.

      Advertise with Us

      Menu

      • About eWeek
      • Subscribe to our Newsletter
      • Latest News

      Our Brands

      • Privacy Policy
      • Terms
      • About
      • Contact
      • Advertise
      • Sitemap
      • California – Do Not Sell My Information

      Property of TechnologyAdvice.
      © 2024 TechnologyAdvice. All Rights Reserved

      Advertiser Disclosure: Some of the products that appear on this site are from companies from which TechnologyAdvice receives compensation. This compensation may impact how and where products appear on this site including, for example, the order in which they appear. TechnologyAdvice does not include all companies or all types of products available in the marketplace.

      ×