Follow Us

We use cookies to provide you with a better experience. If you continue to use this site, we'll assume you're happy with this. Alternatively, click here to find out how to manage these cookies

hide cookie message

IronKey sells hardware divison to Imation after strategy rethink

Heads for cloud security future

Article comments

IronKey is baling out of the business that made its name, selling its secure USB drive design to storage giant Imation as part of a strategy that will see it focus on services and software.

Imation will now add the company’s hardware USB keys to its wider storage line-up while continuing to embed the software-based security technology developed by IronKey.

The companies haven’t revealed how much money changed hands, but the deal is probably more symbiotic for two businesses that move in different parts of the market.  Imation will get its hand on a mature platform that ties together security with hardened USB keys while IronKey will get global distribution for a software system that ties into its cloud security strategy.

IronKey sees its future as a cloud services company aimed at securing sectors such as online banking which explains why it recently started offering technology previously used only with its hardware keys as a standalone app.

In that market the hardware device is merely a gateway to a security service rather than the service itself. Imation will be on hand to sell the USB keys to the same market for those high-value customers that want security bound up in a token.

“IronKey will accelerate our focus to bring more cloud-based security services to market,” said IronKey CEO, Arthur Wong, stressing the concentration on sectors such as financial services.

As well as losing some employees and its USB key design, a few issues remain to be ironed out not least support for Ironkey’s existing hardware customers who will now have their support passed to Imation.


More from Techworld

More relevant IT news


Send to a friend

Email this article to a friend or colleague:

PLEASE NOTE: Your name is used only to let the recipient know who sent the story, and in case of transmission error. Both your name and the recipient's name and address will not be used for any other purpose.

Techworld White Papers

Choose – and Choose Wisely – the Right MSP for Your SMB

End users need a technology partner that provides transparency, enables productivity, delivers...

Download Whitepaper

10 Effective Habits of Indispensable IT Departments

It’s no secret that responsibilities are growing while budgets continue to shrink. Download this...

Download Whitepaper

Gartner Magic Quadrant for Enterprise Information Archiving

Enterprise information archiving is contributing to organisational needs for e-discovery and...

Download Whitepaper

Advancing the state of virtualised backups

Dell Software’s vRanger is a veteran of the virtualisation specific backup market. It was the...

Download Whitepaper

Techworld UK - Technology - Business

Innovation, productivity, agility and profit

Watch this on demand webinar which explores IT innovation, managed print services and business agility.

Techworld Mobile Site

Access Techworld's content on the move

Get the latest news, product reviews and downloads on your mobile device with Techworld's mobile site.

Find out more...

From Wow to How : Making mobile and cloud work for you

On demand Biztech Briefing - Learn how to effectively deliver mobile work styles and cloud services together.

Watch now...

Site Map

* *