News
IronKey Announces Partnership With Imation to Focus on Securing Access to Cloud Services
September 2011 by Marc Jacob
IronKey announced a partnership with Imation Corp. allowing IronKey to focus its efforts on helping enterprises secure access to cloud-based Internet services. Imation will acquire the security hardware component of IronKey’s business, and the two companies will partner to offer IronKey online security services to enterprises, financial institutions, governments and consumers. Founded in 2005, IronKey’s online security services protect the data, passwords and transactions of over 3,000 government agencies, enterprises and their employees and customers.
As part of this strategy, IronKey and Imation announced that they have entered into a definitive agreement under which Imation will purchase the assets of IronKey’s secure data storage hardware business. The agreement also establishes an ongoing partnership between the companies. IronKey will make its cloud-based security services available to Imation, whose customers will gain access to a growing set of capabilities to manage mobile devices, encryption, security policies, fraud prevention and virtualized applications.
According to industry analyst Technavio, the cloud security solutions market is growing at over 41 percent per year. As a result, IDC predicts 46 percent of net new growth in IT spending will come from cloud-based solutions.
All IronKey Trusted Access customers will continue to receive product and support through IronKey and its global banking service providers. IronKey secure storage customers and partners will transition their product and support relationships to Imation.
