BOSTON, Jun 03, 2011 (BUSINESS WIRE) --
Iron
Mountain Incorporated (NYSE: IRM), the information management
company, announced today that it has completed the sale of its online
backup & recovery, digital archiving and eDiscovery businesses to
Autonomy Corporation plc (LSE: AU. or AU.L) for $380 million in cash.
The purchase price remains subject to a customary post-closing working
capital adjustment. The signing of the definitive agreement for this
transaction was originally announced on May 16, 2011.
As part of the sale, Iron Mountain has entered into an agreement with
Autonomy to resell certain data backup and archiving solutions just
acquired by Autonomy. These include data backup products Connected and
LiveVault as well as the NearPoint archive, among others. Iron Mountain
will rely on partnerships like this one to offer customers technology
services for handling their digital data as a component of Iron
Mountain's overall information management solutions portfolio. As a
leader in information management solutions, Iron Mountain is committed
to helping customers solve their information management challenges for
both physical and digital data.
Iron Mountain is not revisiting its full year 2011 guidance, last
updated on April 28, 2011, at this time. The Company will update its
guidance on its second quarter earnings conference call as appropriate.
The Company will retain its software escrow business, which is currently
included in its Worldwide Digital Business segment and other technology
services such as its Digital Record Centers for Images and Medical
Images.
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
for more information.
SOURCE: Iron Mountain Incorporated
Iron Mountain Incorporated
Investor Relations:
Stephen P. Golden, 617-535-4799
Vice President, Investor Relations
sgolden@ironmountain.com