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This article is outdated. Please update this article to reflect recent events or newly available information. Please see the talk page for more information. (May 2010) Imation Corporation Type Public (NYSE:IMN) Industry Data Storage Founded Maplewood, Minnesota, USA (1996) Headquarters Oakdale, Minnesota, USA Key people Mark Lucas (President, CEO, and Director), Linda Hart (Chairman) Paul R. Zeller (SVP/CFO) Products Data Storage Revenue US$1.6459 billion (2009)[1] Employees 1,210 (December 31, 2009)[1] Website An Imation USB flash drive and CD-R. Imation NYSE: IMN is a US based multi-national corporation that designs, manufactures, sources or markets a wide range of recordable data storage media and consumer electronics products. The company is a 1996 spin off of 3M and is headquartered in Oakdale, Minnesota. The company originally consisted of former 3M divisions involved in the design, manufacture and sales of data storage, medical imaging, printing, photographic film, optical and specialty paper products. Imation has since sold all but its core data storage media products business. The company has been involved in the development of many technological improvements in data storage, such as the introduction of the first magnetic tape in 1947, the first quarter inch tape cartridge for data storage (QIC) in 1971 and the 3.5-inch (89 mm) floppy diskette in 1984. The company now has a market presence in more than 100 countries. Contents 1 Transformation to a Brand and Product Management Company 2 See also 3 References 4 External links // Transformation to a Brand and Product Management Company Imation is transforming itself into a brand management company. Imation purchased Memorex in April 2006, and the TDK Brand Recording Media business in July 2007. The combined Imation, Memorex and TDK brands make the company the global market share leader in sales of CD-R and DVD media.[citation needed] It is also a leader in flash media sales.[citation needed] The company currently sells data recording media under the Imation, Memorex, TDK, IBM, Sun StorageTek, HP and Exabyte brands. See also 3M Computer Storage SuperDisk Ferrania References ^ a b "10-K Annual report which provides a comprehensive overview of the company for the past year". 2010-02-26. Retrieved 2010-09-09.  External links Imation Corporation