IronKey announced that it will sell the assets of its data storage hardware business to Imation Corp. Terms of the deal were not disclosed, but with the acquisition, the two companies formed a partnership to allow Imation’s customers access to IronKey’s cloud-based security services.
With this deal, IronKey will focus on its cloud-based security services business, which includes the IronKey Trusted Access Platform.
To that end, Savannah-based community bank The Coastal Bank has implemented Trusted Access to offer its customers a secure browsing solution for online banking. The Coastal Bank is also offering a new Trusted Access feature called Trusted Bookmarks, which lets customers safely access popular Web sites that the bank identifies and places on a “white list” for safe browsing.
IronKey will continue supporting its Trusted Access customers like The Coastal Bank. In its partnership with Imation, IronKey’s secure storage customers and partners will transition to Imation’s product and support groups.