Iron Mountain Adds All-in-One, On-Premises Archive to Complement its Cloud Offerings; Company Now Capable of Managing Information Wherever it Resides
BOSTON, Feb 22, 2010 (BUSINESS WIRE) -- Iron
Mountain Incorporated (NYSE: IRM), an information management
services company, today announced it has acquired Santa Clara,
Calif.-based Mimosa
Systems, Inc., a leader in enterprise-class content archiving
solutions, for approximately $112 million in cash, subject to closing
adjustments. The deal provides Iron Mountain with an integrated archive
for email,
SharePoint
data and files,
and gives the company an on-premises archiving option to complement its
existing cloud-based archives.
The ability to archive and manage data both onsite, inside the
customer's firewall, and remotely in the cloud makes Iron Mountain a
one-stop shop for data capture, archiving and management. It also
provides the company's customers with greater flexibility and choice for
managing their information.
Additionally, the company can now capture and manage a broader range of
enterprise information from so-called "edge-of-the-network" devices like
desktop PCs and laptops as well as from company repositories like email
stores, SharePoint servers and file systems. Many larger businesses
still prefer to keep this data on their premises today. Finally, the
acquisition allows Iron Mountain to extract intelligence from the
information it manages both on-premises and in the cloud, advancing the
company's larger strategy to help enterprises lower the costs and risks
associated with storing and managing information.
"We're really excited about adding Mimosa Systems," said Ramana Venkata,
president of Iron Mountain Digital, the technology arm of Iron Mountain.
"We acquired Mimosa because we believe it offers the best archiving
technology on the market, and the company shares our philosophy to help
customers reduce the cost and risk of storing and managing information.
By combining Mimosa's on-premises archive with our cloud-based
technologies, Iron Mountain can now store, recover and discover digital
content wherever it resides. This is a great example of the type of
technology acquisition that fits well within our long-term growth
strategy."
Mimosa NearPoint(TM) is an enterprise archiving platform with applications
for retention and disposition, eDiscovery, compliance supervision,
classification, recovery, and end-user search, enabling customers to
reduce risk, and lower their eDiscovery and storage costs. Mimosa has
more than 1,000 enterprise customers and is recognized by industry
analysts as a fast-growing, visionary archiving company.
"Enterprises today are buried in email and other forms of user-generated
content, making information storage and management a complex, expensive
and risky exercise," said Arun Taneja,founder and consulting
analyst of the Taneja Group. "This deal strengthens Iron Mountain's
position in the market as a comprehensive provider of information
management solutions. Its customers now have greater flexibility to
store and manage their information onsite or in the cloud, where it
makes sense for their budget and business."
NearPoint joins a broad portfolio of content archiving, data protection
and recovery, and eDiscovery solutions from Iron Mountain Digital.
Customers wanting to archive email can now choose either NearPoint for
onsite archiving or Iron Mountain's Total Email Management Suite,
powered by Mimecast(R) technology, for archiving email in the cloud.
Additionally, customers can use Iron Mountain's Digital Record Center(R)
for Compliant Messaging for email that must meet SEC regulations and
supervision.
The addition of the NearPoint content archive also offers customers an
enhanced eDiscovery
solution set for quickly finding content and applying legal holds
across email, file and SharePoint data. For larger litigation matters,
organizations can easily transfer their onsite data to Iron Mountain's
cloud solution, Stratify Legal Discovery(R) Service. For smaller matters
or in instances where companies want to begin the eDiscovery process on
their own, they can do so onsite with Iron Mountain's early-case
assessment tool for eDiscovery, eVantage(TM).
The Mimosa team will be retained and become an integral part of Iron
Mountain Digital. The president and CEO of Mimosa Systems, T. M. Ravi,
will assume the role of chief marketing officer for Iron Mountain
Digital, responsible for all marketing functions and helping to drive
strategy planning and execution for Iron Mountain Digital.
"It's a win-win situation for our customers and partners who can now
leverage Iron Mountain's global reach and comprehensive information
management services," said T.M. Ravi. "The Mimosa team will play a key
role in the development and execution of the company's cloud and
on-premises information management strategy."
About Mimosa
Mimosa Systems, Inc. delivers next-generation email, file and SharePoint
archiving solutions for information immediacy, discovery, and
continuity. Mimosa NearPoint is the industry's most comprehensive
unstructured information management software solution for email, files,
collaboration systems and instant messages, enabling archiving,
eDiscovery, storage management, and recovery in a unified solution.
Mimosa is a Microsoft Gold Certified Partner, recognized for its
competencies in networking infrastructure solutions, ISV/software
solutions, and advanced infrastructure solutions.
About Iron Mountain Digital
Iron Mountain Digital is the world's leading provider of information
management services for data protection and recovery, archiving,
eDiscovery and intellectual property management. The technology arm of
Iron Mountain Incorporated offers a comprehensive suite of solutions to
thousands of companies around the world, directly and through a
worldwide network of channel partners. Iron Mountain Digital is based in
Southborough, Mass.
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 140,000 corporate
clients throughout North America, Europe, Latin America and Asia
Pacific. For more information, visit the Company's Web site at www.ironmountain.com.
SOURCE: Iron Mountain Incorporated
Investors:
Iron Mountain
Stephen Golden, 617-535-4769
stephen.golden@ironmountain.com
or
Media:
Iron Mountain
Laura Sudnik, 508-808-7528
laura.sudnik@ironmountain.com