At its height, it played a significant role in the development and sale of magnetic tape data storage products.
It traded on the NASDAQ under the symbol REXN until it filed for bankruptcy in 1995[1] and was acquired by Legacy Storage Systems, a Canadian company.
encompassIT.ca, a Canadian company, specializes in converting Rexon / RECAP software to a Microsoft Windows environment.
Prior to its bankruptcy filing, Rexon closed the Solon, OH and Ponce, Puerto Rico facilities.
When Legacy acquired Rexon (out of Chapter 11 bankruptcy), it was renamed Tecmar Technologies, Inc. (TTInc) and operated as an independent subsidiary.