ProStor Raises $5 Million From Imation Corporation
Amit Chowdhry | March 12, 2010 | 537 views | Add a CommentCategorized under Imation Corporation, ProStor

ProStor is a company that develops devices such as removable hard disks. Imation Corporation has invested $5 million into ProStor earlier this week. As part of the agreement, Imation has made a licensing agreement with ProStor for the company’s RDX removable disk format. Imation signed a 10 year license extension on RDX, giving them the rights to manufacture, market, and sell the technology. [TechRockies]