On December 8th, 2011, Nine Technology's patented software was acquired by Imation Corporation (NYSE: IMN) Nine Technology began as a subsidiary of Vault USA, an online backup managed service provider. Dissatisfied with existing software, Nine Technology's executives began developing an entirely new system in 2006. Upon completion of the Powered By Nine product, Nine Technology sold the managed service business and began selling its own software. In December 2011, the technology that governs the Powered By Nine software was awarded a U.S. patent for its combination of block-level deduplication and encryption. Following the issuing of the patent, the technology and certain other assets were sold to Imation. Thank you for all your support over the years. Our Best Regards, Nine Technology Team