Nexsan (NXSN)

QUOTE AND NEWS
Cloud Computing  Jun 26  Comment 
Imation (NYSE:IMN), a global tiered storage and data security company, today announced that The Tech Museum of Innovation, an interactive technology and science museum based in Silicon Valley, has deployed its Nexsan ...
Cloud Computing  Jan 29  Comment 
Imation (NYSE:IMN), a global tiered storage and data security company, today announced the availability of the latest version of its Nexsan® NST5000 unified hybrid storage system. The new release addresses the increasing...
Cloud Computing  Jan 9  Comment 
Last week Imation, the company that is known for making CDs, DVDs, magnetic tape and in the past floppy disk (diskettes) bought Nexsan, a company known for the SATA and SAS storage products. Imation is also (or should be) owns the TDK and Memorex...
TechCrunch  Jan 2  Comment 
Some consolidation in the world of enterprise storage to kick off the new year: the storage and data security giant Imation Corp. has acquired Nexsan Corporation, a specialist in disk-based storage systems, for $120 million, with $105 million of...
Cloud Computing  Dec 3  Comment 
Nexsan®, a leading independent provider of data storage systems, today announced that Case Western Reserve University, one of the nation's leading, independent research universities, selected the NST5000 unified, hybrid storage system to meet its...
Cloud Computing  Nov 6  Comment 
Nexsan®, a leading independent provider of data storage systems, today announced the release of new firmware for its flagship storage product line, the E-Series high density storage system. This latest upgrade substantially increases the...
Cloud Computing  Nov 1  Comment 
Nexsan®, a leading independent provider of data storage systems, today announced that its E-Series high density SAN storage solution has been certified on both the Cisco Unified Computing Systems (UCS) B-Series and C-Series server lines. The...
Cloud Computing  Oct 15  Comment 
the combination of solid state storage with spinning media to provide excellent performance at manageable cost. read more
Cloud Computing  Sep 18  Comment 
Nexsan®, a leading independent provider of data storage systems, today announced plans for its NexStep Americas 2012 partner conference. This year, the company will host six regional events across North America over two weeks, bringing...
Cloud Computing  Aug 7  Comment 
Nexsan®, a leading independent provider of data storage systems, today announced support for Unitrends Enterprise Backup, the all-in-one backup, archiving, instant recovery, and disaster recovery solution. The combination of Nexsan's highly...




 
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Nexsan (NXSN) (NASDAQ:NXSN) is a manufacturer of hard disk storage systems for digital information storage. It provides an enterprise storage system for mid-sized companies and branch offices of large companies. To date, the company has shipped over 24,000 systems. The company offers ATA and SATA-RAID hard disk systems, which are cheaper and more cost effective compared to the traditional hard disk storages of SCSI and Fiber Channel. [1]

Businesses and government agencies are turning to digital applications more and more each year. Therefore there is a demand for finding a cost effective solution, which tapes and optical disks was the prominent solution in the past. However, tapes and optical disks have low availability, thus it is troublesome to access this information. This has become a problem with companies turning to digital-intensive application and need to have systems with readily-accessible information. [1]

The company's initial public offering of stock filed on the NASDAQ exchange on 25 April 2008. The proposed offer price range is $10.00-$12.00. The company is offering 5 million shares and raising $55 million. [1]

For the six months ended 31 December 2009, the company reported $34.3 million of revenue, up 5.5% from $32.5 million of revenue for the six months ended 31 December 2008. Furthermore, the company reported $197,000 of net income for the six months ended 31 December 2009, down 93% from $2.84 million of net income for the six months ended 31 December 2008. The decrease in net income is partially from the result of increase expenses in research & development and sales & marketing. [1]

References

  1. 1.0 1.1 1.2 1.3 Nexsan S-1/A
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