Acquisition Expands Iron Mountain's Film and Sound Archive Services Portfolio
BOSTON, Nov. 19 /PRNewswire-FirstCall/ -- Iron Mountain Incorporated
(NYSE: IRM), the global leader in information protection and storage services,
today announced its acquisition of Xepa Digital, LLP, a leader in the
conversion of analog and outmoded digital audio and video tapes to high
resolution digital file formats for archiving and distribution. By acquiring
Xepa Digital, Iron Mountain further extends its footprint in the film and
sound industry.
"Iron Mountain and Xepa Digital focus on preserving and protecting
companies' valued resources. In particular, both companies understand the
need for the secure preservation of irreplaceable media assets specific to the
entertainment industry," said Jeff Anthony, vice president of Film & Sound
Services, Iron Mountain. "Entertainment customers will have peace of mind
knowing that their valuable assets will never have to leave the Iron Mountain
facility for digital transfer and, therefore, won't be subject to potential
loss or damage."
As a trusted long-term partner for many entertainment companies, Iron
Mountain preserves more than six million valuable analog audio tapes,
including priceless masters. On-site digital conversion will allow customers
to have their tapes digitized without ever leaving the facility in which they
are stored and protected. Iron Mountain provides all of the major film
studios and record labels preservation services, including long-term
archiving, tape inspection and duplication services, film cleaning, meta-data
cataloging services and much more.
Iron Mountain will retain former Xepa Digital employees, including the
company's three founders, Ken Caillat, Edwin Outwater and Claus Trebly.
Veterans of the entertainment industry, the Xepa Digital principals will join
Iron Mountain as studio executives responsible for the day-to-day operation of
the bi-coastal business. Xepa Digital employs some of the industry's most
respected engineers and has been recognized with multiple Grammy nominations
for its work.
"Xepa Digital is an established provider of services to preserve, protect
and digitize original master audio and video assets for major players in the
entertainment industry," said Edwin Outwater, Xepa Digital managing partner.
"This acquisition signals Iron Mountain's clear understanding of the changing
business models in the industry and its readiness to provide its customers
with an end-to-end solution utilizing the newest access, storage and
electronic-delivery systems available. Iron Mountain recognizes the need to
safely and securely transfer original audio and video tapes to archival
digital media and clearly has the reputation and resources to continue to
provide top-notch services to our customers."
About Iron Mountain
Iron Mountain Incorporated (NYSE: IRM) helps organizations around the
world reduce the costs and risks associated with information protection and
storage. The Company offers comprehensive records management and data
protection solutions, along with the expertise and experience to address
complex information challenges such as rising storage costs, litigation,
regulatory compliance and disaster recovery. Founded in 1951, Iron Mountain
is a trusted partner to more than 100,000 corporate clients throughout North
America, Europe, Latin American and Asia Pacific. For more information, visit
the Company's Web site at www.ironmountain.com.
Contact:
Dan O'Neill Derek Delano / Amanda Keane
Iron Mountain Weber Shandwick
dan.oneill@ironmountain.com ddelano@webershandwick.com /
(617) 535-2966 akeane@webershandwick.com
(617) 520-7120 / (617) 520-7260
SOURCE Iron Mountain Incorporated