Deal Closed

Nexsan to Prosper With Private Equity Capital Infusion - Seite 2

"The Nexsan team has accomplished a lot over the last year. They are committed to investing in product development, customer service and driving growth within the company," said Ron Bienvenu, Managing Partner of Spear Point. "We are confident that private capital infusion will enable Nexsan to continue on this path and repeat and build on the success of last year."

About Nexsan

Nexsan™ is leading the way in redefining unified storage. The company has been at the forefront in developing world-class storage technologies that are focused on the critical needs of our customers. Nexsan Unity™ is the first enterprise-class unified storage solution to incorporate secure file sync and share in a single platform. Nexsan Assureon™ delivers secure archive storage for the most compliant of industries and our renowned E-Series is the storage backbone of many data centres around the world due to its high performance, reliable, high density storage. Nexsan is headquartered in Campbell, CA. For more information, please visit: www.nexsan.com.

Nexsan, the Nexsan logo, Connected Data, the Connected Data logo, Transporter, E-Series, NST, AutoMAID, Assureon and Unity are trademarks or registered trademarks of Nexsan Corporation. All other trademarks are property of their respective owners.

About Spear Point

Spear Point is a deep value investor focused on special situations. Our investment strategy combines intensive due diligence, an active role in addressing corporate governance and strategy, and a highly concentrated portfolio, in order to create superior value in our portfolio companies. For more information, visit www.spearpointllc.com.

About Imation

Imation (IMN) is a holding company involved in asset management. Imation's partially-owned Nexsan subsidiary is engaged in the global enterprise data storage business. At the corporate level, Imation continues to seek and explore new opportunities to enable us to pursue a diverse range of strategic business opportunities and deploy excess cash.

Trademarks and Tradenames

This press release includes trademarks and tradenames owned by the company and its subsidiaries, including "Imation", "Nexsan", "E-Series" and "UNITY". Solely for convenience, these trademarks or tradenames appear without the ® or ™ symbols, but such references are not intended to indicate in any way that the company will not assert, to the fullest extent, our rights to use these trademarks and tradenames.

Contacts:

Touchdown PR
Charlotte Thornton/Katie Schaeffer
[e-mail]
UK: [phone]
US: + 1 [phone]

Imation Corp.
Danny Zheng
Chief Financial Officer
Phone: [phone]
Email: [e-mail]