Tech firm sells software backup rights - Nine Technology teams up with national company

Published by Brockton Enterprise

A Middleboro tech firm has teamed up with one of the country's biggest data storage companies to sell an online backup product that the local firm invented.

Nine Technology, which is based in Middleboro's Commerce Park, sold the rights to its online backup software to Imation , the parent company of Memorex and other data storage brands, for an undisclosed amount.

Thomas Gelson, founder and former CEO of Nine Technology, and chief technology officer Alex Stoev joined Imation as part of the sale. Gelson will commute to Imation 's headquarters in Minnesota, and he will remain chair man of Nine Technology's board. Stoev lives in the Toronto area and will work for Imation from there.

The rest of the team will stay in place, said Adam Sell, marketing director at Nine Technology. He said the in-flux of cash from the sale will allow the software company to add a few new employees within a couple months to the 10-person work force that's there now.

Sell said Nine Technology will partner with Imation to assist with the ongoing distribution of the online backup technology that it sold to Imation .

Nine Technology will sell the software, but development will be handled by Imation , under the direction of Gelson and Stoev.

Gelson has sold a number of business ventures that he grew in Middleboro, including Vault USA, Morestor Vault Inc., More Solutions and More Group Inc.

Gelson's use of Middleboro for his headquarters in a series of ventures is indicative of the technological talent and prowess of the workforce in the Middle-boro area, Sell said.

"This is what the town hoped for when we planned for the industrial park, that we'd be able to attract high tech businesses," Middleboro Town Manager Charles Cristello said of Nine Technology's success. "It's great to see they're successful, growing and hiring our people."