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Imation appoints Subodh Kulkarni as Vice President

Mark Peters : 2006-03-02 17:45:00
Imation appoints Subodh Kulkarni as Vice President : Imation's reputation for digital technology worldwide leadership in data storage is built on more than 350 United States patents and an experienced team of engineers, scientists and technicians," said Frank Russomanno, Executive Vice President and Chief Operating Officer of Imation Corporation. "Subodh Subodh's leadership of this critical function combines scientific curiosity and engineering discipline with a solid business sense." Dr. Subodh Kulkarni began his technical career with IBM in 1989 as a research engineer responsible for the development of semiconductors and new system processes in integrated circuit fabrication.

Consumer brand for recordable media acquires Memorex

Ilse Jurriƫn : 2006-01-23 02:37:00
Consumer brand for recordable media acquires Memorex : Imation Corp and Memorex International, Inc, today jointly announced that they have entered into a definitive agreement under which Imation will acquire Memorex International in an all cash transaction for $330 million. Imation is the world's leading provider of removable data storage media products designed to help customers capture, create, protect, preserve and retrieve valuable digital assets. Additional cash consideration ranging between $5 million and $45 million would be paid out over a period of up to three years after close, contingent on financial performance of the purchased business. The Boards of both companies; Memorex and Imation have approved the transaction.

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