Nexsan sold for $120M
Thousand Oaks-based Nexsan Corp., a maker of hard-disk storage arrays for mid-sized businesses, has been purchased by Imation Corp. for $120 million. Imation will pay $105 million in cash and 3.3 million common shares, worth about $15 million, for the Thousand Oaks firm. Nexsan is privately held but kicked off an unsuccessful bid to go Read More →
Special Comment from the Editor: Jan. 2 rally could singal turning point
A curious aspect to the history of modern finance is the presence of substantial turning points. Often these are moments whose significance is not fully recognized until years, perhaps decades have passed. But it’s also true that these turning points sometimes happen under extreme political or economic pressure—pressure that forces a substantial policy change. Decisions Read More →
CalAmp buys Wireless Matrix for $53M
Oxnard-based wireless products company CalAmp Corp. said Dec. 20 that it is buying the U.S. operations of Wireless Matrix Corp. for $53 million in cash. CalAmp said it expects the deal, which will likely close in the first quarter of 2013, to be accretive to its non-GAAP earnings starting in 2014. Wireless Matrix is a Read More →
