GlassBridge Enterprises

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GlassBridge Enterprises, Inc.
Formerly Imation Corporation
(1996–2017)
Company type Public
Industry Investment
FoundedMarch 1996;29 years ago (1996-03) in Maplewood, Minnesota, U.S. [1]
Founder 3M (as a spin-off)
Headquarters
New York City
,
U.S.
Key people
Danny Zheng
(CFO and Interim CEO)
Joseph De Perio
(Non-Executive Chairman)
Tavis Morello
(General Counsel)
RevenueDecrease2.svg $1.460 billion (2010) [2]
Number of employees
1,210 (2009) [2]
Subsidiaries GlassBridge Asset Management
Website glassbridge.com

GlassBridge Enterprises, Inc., is an American holding company. Through its subsidiary, Glassbridge focuses primarily on investment and asset management.

The company is the corporate successor of Imation, a spin-off of 3M's data storage and imaging business. Prior to the name change to GlassBridge, Imation manufactured and marketed computer data storage products, including magnetic tape and optical products). [3]

In January 2017, the company announced a change of name and direction, completing its move away from the data storage business towards being focused on asset management and strategic investment and rebranding itself as Glassbridge Enterprises. [4]

The Imation brand was sold off later that year to O-Jin Corporation Co., [5] a Korean company who have since licensed its use to other businesses. [6]


References

  1. ↑ "10-K Annual Report, 12/31/1996". Securities and Exchange Commission. Retrieved November 7, 2010.
  2. 1 2 "10-K Annual report". corporate-ir.net. February 26, 2010. Archived from the original on March 11, 2012. Retrieved September 9, 2010.
  3. ↑ "Imation Reports Quarter 2012 Financial Results". April 12, 2012.
  4. ↑ "Imation to change name, stay in Minnesota". TwinCities.com. 2017-01-12. Archived from the original on 2017-01-13. Oakdale-based Imation plans to change its name to GlassBridge Enterprises, completing its transition from a maker of portable data storage products, such as compact discs and flash drives, to an asset management and strategic investment company.
  5. ↑ "GlassBridge Sells IMATION® Trademark to O-Jin Corporation" (Press release). Oakdale, MN, USA. PRNewswire. December 1, 2017. Retrieved April 21, 2018.
  6. ↑ "Imation global license announcement". imation. 13 November 2019. Retrieved 8 August 2023.
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