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GlassBridge Enterprises
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<p>GlassBridge Enterprises, Inc., formerly Imation Corporation, is an American holding company. Through its subsidiary, Glassbridge focuses primarily on investment and asset management. </p><p>The company was founded in 1996 under its original name of Imation as a spin-off of <a href="/facts/3M/lNDcCRkX">3M</a>'s data storage and imaging business. Prior to the name change, Imation had three core elements: traditional storage (<a href="/facts/Magnetic_tape/wj6IDTR1">magnetic tape</a> and <a href="/facts/Computer_data_storage/wPHKFpdx">optical products</a>), 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. </p><p>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. </p><p>The Imation brand was sold off later that year to O-Jin Corporation Co., a Korean company who have since licensed its use to other businesses, but retain ownership of it as of 2024<a href="https://en.wikipedia.org/w/index.php?title=GlassBridge_Enterprises&action=edit">[update]</a>. </p>