Valley Outreach's Black Tie to Tie Dye Fundraiser is March 2 in Oakdale

Over the last five years, Valley Outreach has experienced an unprecedented 64 percent growth in requests for food shelf services.

Valley Outreach's 10th annual Black Tie to Tie Dye dinner, dance and silent auction fundraiser will be March 2 at the Imation Corporation Discovery Room in Oakdale. Black Tie to Tie Dye kicks off March FoodShare Month, a month-long event that raises financial support to help restock food supplies. Over the last five years, Valley Outreach has experienced an unprecedented 64 percent growth in requests for food shelf services. "Over the years, the growing attendance at the annual fundraiser necessitated a move to a larger venue," Christine Tubbs, executive director of Valley Outreach Executive said. "We are thrilled to be the first nonprofit using the Imation World Headquarters Discovery Room." The two-story space is ideal for the large …

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Imation Buys Storage Company for $120 Million

Imation Corp. purchased a company based in California.

Imation Corp. announced Wednesday that it has entered a deal to buy Nexsan for $120 million, according to Yahoo! News. Imation purchased Nexsan, a privately owned company that provides disk-based and solid-state storage systems, for $105 million in cash, plus $15 million worth of stock, according to Yahoo! News. Nexsan is based in Thousand Oaks, Calif. Approximately 200 employees based in the U.S., U.K. and Canada, will be joining Imation's ranks.  Nexsan will continue to operate out of Thousand Oaks under existing management. The move is expected to accelerate Imation's growth, according to the press release posted on Yahoo! News.    Like us on Facebook | Follow us on Twitter | Sign up for our newsletter

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Oakdale Company Honored as One of State's 'Best and Brightest'

Fifteen businesses across the state were honored at the Tekne Awards ceremony.

Imation of Oakdale was one of 15 companies honored as an innovator and technology leader in Minnesota during the 2012 Tekne Awards ceremony on Nov. 1. The Tekne Awards — which was hosted by the Minnesota High Tech Association (MHTA) — honor companies, innovations and individuals with technological breakthroughs that positively impact the lives and futures of people living in Minnesota and all over the world. “The 2012 recipients epitomize technology and innovation leadership,” said Margaret Anderson Kelliher, president of MHTA. “Over the last 13 years, the Tekne Awards have truly highlighted Minnesota as an emerging technology powerhouse and increased awareness for the innovators and technological front-runners throughout the state.” Tekne…

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Imation to Acquire Online Security Guru IronKey

Approximately 40 IronKey employees are expected to join Imation. Financial details have not been disclosed.