Services Provided: Transaction


OVERVIEW

DataLocker Plans for IronKey EMS:
DataLocker acquired the IronKey Enterprise Management Services (EMS) assets, while Kingston® acquired the USB technology and assets. Both companies will work closely to achieve a seamless transition of business operations.

The addition of the IronKey services will add to DataLocker’s suite of enterprise encryption solutions, which includes the SafeConsole®management service that DataLocker acquired from BlockMaster in 2015. DataLocker will offer both of these powerful enterprise management services for centrally managed encrypted storage devices offered by IronKey, Kingston, DataLocker, and other secure storage providers.

“Incorporating IronKey’s technology into our award winning line of DataLocker products will enhance our position as a leading provider of enterprise encryption management solutions,” said Jay Kim, founder and CEO, DataLocker. “We are excited to expand the scope of our relationship with Kingston and look to enhance IronKey’s role as the gold standard in encrypted storage.”

About DataLocker
DataLocker (datalocker.com) is an innovative provider of encryption solutions. DataLocker offers encryption products such as external storage, cloud encryption gateways, and management services for governments, military, and enterprises around the world. DataLocker owns leading encryption solutions under the DataLocker, Sentry, SafeConsole and IronKey brands. Headquartered in Overland Park, Kansas, DataLocker products combine superior convenience and usability with state-of-the-art security. DataLocker is “Simply Secure.”

SASI ENGAGEMENT

Strategic Advisory Services International, LLC (SASI) Advises Imation in the Sale of IronKey Assets to Kingston Digital and DataLocker. SASI served as exclusive financial advisor to Imation and drove the process forward from approach strategies, negotiations, and due diligence through final closing documents. In the transactions, DataLocker acquired IronKey Enterprise Management Services (EMS) assets. Simultaneously Imation sold IronKey USB technology and other assets to Kingston Digital. Keys to success included managing two due diligence processes under a tight timeframe, negotiating two sets of agreements and working with the two parties on detailed integration plans.

Bob Fernander, Interim CEO of Imation commented “SASI’s focus and drive through the negotiation and closing phases of this process were exemplary. I look forward to working with John and his team again.” Jay Kim, CEO of DataLocker added, “SASI was instrumental in helping us close a complex three way deal on an extremely tight schedule.”