BOSTON, Jul 20, 2010 (BUSINESS WIRE) --
Iron
Mountain Incorporated (NYSE: IRM), the information management
company, will share the results of an in-depth survey on protection
strategies for Software-as-a-Service (SaaS) providers and subscribers.
At the Softletter SaaS
University conference, held this week in Washington, D.C. Iron
Mountain's Frank Bruno will present highlights from The Softletter
SaaS Escrow Report - a study conducted by Softletter
on behalf of Iron Mountain to investigate all aspects of software escrow
as it relates to SaaS.
The Softletter SaaS Escrow Report provides current
benchmarks, metrics, and usage information on SaaS escrow and
fallover/failover services for both the developers and users of SaaS
applications. The report covers everything from SaaS application usage,
value and risk perceptions associated with SaaS application adoption to
the forecasted use of SaaS applications, and the awareness and
prevalence of SaaS escrow services. Conducted from March to May 2010,
the study surveyed a total of 170 respondents - 112 from companies
subscribing to SaaS applications (end-users), and 58 from companies that
provide SaaS applications (developers).
The report's key findings include:
-
59% of SaaS subscribers are using one to five SaaS applications today,
and 65% plan on adding one to five SaaS applications over the next 12
to 18 months.
Companies are becoming increasingly comfortable
with SaaS and Cloud computing as indicated by the fact that more than
half (56%) of the respondents are using SaaS systems for
mission-critical applications.
-
Yet, less than half of companies using SaaS for mission-critical
applications are using SaaS escrow services to protect their
investments and their company's data and operations. This suggests a
lack of understanding about the purpose and function of SaaS escrow in
general.
-
Conversely, 49% of providers offer escrow protection, and another 21%
are considering its adoption. Better than half of all providers over
$1M in revenue offer escrow protection.
-
Many SaaS subscribers lack awareness, or concern, about the
consequences in the event of application failure.
Softletter concludes that both SaaS application providers and
subscribers need to take a closer look at their strategies regarding
software escrow as the adoption of SaaS applications continues to grow.
Companies are rapidly moving to SaaS for their mission-critical
applications, and need to plan, prepare for, and be ready to manage
risk. These companies will suffer significant damage if they don't have
back-up plans to protect their investments via escrow and failover
services in the event of a disaster.
Details of Iron Mountain's presentation at SaaS University include:
Softletter's
SaaS University
July 20 - 22, 2010, in Washington, D.C.
- Speaker: Frank Bruno,
director of sales, Iron Mountain, Intellectual Property Management
- Topic: "Protecting Their
SaaS: Results from the Escrow and Failover Survey of Subscribers and
Providers"
- Details: Tuesday, July
20, 2010, 10:55 - 11:30 a.m.
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) provides information management
services that help organizations lower the costs, risks and
inefficiencies of managing their physical and digital data. The
company's solutions enable customers to protect and better use their
information--regardless of its format, location or lifecycle stage--so
they can optimize their business and ensure proper recovery, compliance
and discovery. Founded in 1951, Iron Mountain manages billions of
information assets, including business records, electronic files,
medical data, emails and more for organizations around the world. Visit www.ironmountain.com
or follow the company on Twitter at www.twitter.com/IronMountainInc
for more information.
Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=6364751&lang=en
SOURCE: Iron Mountain Incorporated
for Iron Mountain Incorporated
Maria Doyle, 781-964-3536
Public Relations
maria@doylestratcomm.com