GlassBridge Enterprises

GlassBridge Enterprises, Inc.
FormerlyImation Corporation
(1996–2017)
Company typePublic
  • OTC Pink Current: GLAE (2017–present)
  • NYSE:GLA (2017)
  • NYSE: IMN (prior to 2017)
IndustryInvestment
FoundedMarch 1996; 28 years ago (1996-03) in Maplewood, Minnesota, U.S.[1]
Founder3M (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)
RevenueDecrease $1.460 billion (2010)[2]
Number of employees
1,210 (2009)[2]
SubsidiariesGlassBridge Asset Management
Websiteglassbridge.com
Imation logo

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

The company was founded in 1996 under its original name of Imation as a spin-off of 3M's data storage and imaging business. Prior to the name change, Imation had three core elements: traditional storage (magnetic tape and optical products), secure and scalable storage (data backup, data archive and data security for small and medium businesses) and what the company calls "audio and video information" 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] but retain ownership of it as of 2024.[7]

  1. ^ "10-K Annual Report, 12/31/1996". Securities and Exchange Commission. Retrieved November 7, 2010.
  2. ^ a b "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. ^ Cite error: The named reference twincities was invoked but never defined (see the help page).
  5. ^ Cite error: The named reference prnewswire was invoked but never defined (see the help page).
  6. ^ Cite error: The named reference ojin_license was invoked but never defined (see the help page).
  7. ^ Cite error: The named reference imation_en was invoked but never defined (see the help page).