Company follows strategy to expand leadership in emerging markets
through acquisition
BOSTON--(BUSINESS WIRE)--Jun. 24, 2013--
Storage and information management company Iron Mountain® Incorporated
(NYSE: IRM) has acquired Brazilian document storage firm Archivum,
growing its presence in Sao Paulo and nearby suburbs. With the
acquisition, Iron Mountain adds more than 700 customers and now assumes
responsibility for managing their records, including approximately 1.3
million boxes of hardcopy documents. Terms of the deal were undisclosed.
“Archivum is a strong, family-owned business that succeeded by
delivering trusted and dependable service to organizations in and around
Sao Paulo,” said
Luiz Alves
, Iron Mountain’s country manager. “We
welcome their customers and will continue to provide them with secure
storage, attentive service and expert advice.”
Founded in November 1994, Archivum provides customers with a range of
solutions for storing, accessing and managing their information. These
include storage options for both hardcopy records and magnetic tape
cartridges; scanning solutions for digitizing paper files; and secure
destruction of information.
“The acquisition of Archivum aligns with our objective for growing our
presence in emerging markets like Brazil,” said
William Meaney
,
president and CEO of Iron Mountain. “In these markets, we acquire local
storage companies to expand our market leadership, enhance returns and
capture the initial wave of records outsourcing. Overall, our expanding
international network not only brings us new business from locally-based
customers, it deepens our relationships with North American-based
multinational accounts, who more frequently are consolidating their
records with one storage partner.”
Archivum is the company’s second acquisition in Brazil over the last 14
months, having acquired information management company Grupo Store in
April 2012. Iron Mountain has invested approximately $60 million year to
date acquiring records storage companies in both North America and
international markets.
About Iron Mountain Incorporated
Iron Mountain Incorporated (NYSE: IRM) is a leading provider of storage
and information management services. The company’s real estate network
of over 64 million square feet across more than 1,000 facilities in 35
countries allows it to serve customers around the world. And its
solutions for records
management, data
backup and recovery, document
management, and secure
shredding help organizations to lower storage costs, comply with
regulations, recover from disaster, and better use their information .
Founded in 1951, Iron Mountain stores and protects billions of
information assets, including business documents, backup tapes,
electronic files and medical data. Visit www.ironmountain.com
for more information.
Source: Iron Mountain Incorporated
Iron Mountain
Dan O’Neill, 617-535-2966
dan.oneill@ironmountain.com
or
Weber
Shandwick
Katie Traut, 617-520-7135
ktraut@webershandwick.com