Company continues to execute on strategy to expand presence in
emerging markets through acquisition
BOSTON--(BUSINESS WIRE)--
Iron Mountain Incorporated ®, the storage and information management
company, today announced it has acquired Lithuanian document storage and
archiving firm Archyvu Sistemos, significantly expanding its presence in
The Baltics. With the acquisition, Iron Mountain adds more than 400
customers throughout Lithuania, Estonia and Latvia, assuming the
responsibility for managing their complete inventory of 700,000 cubic
feet of hardcopy records as well as continuing to offer secure archiving
and destruction services. Terms of the deal were not disclosed.
“Archyvu is the recognized market leader in The Baltics, with a strong
reputation for service reliability and security,” said Andras Szakonyi,
Vice President for Eastern Europe, Iron Mountain. “This acquisition
presents us with an opportunity to strengthen our presence in The
Baltics, expanding our business to new regional customers while also
enabling us to deliver our core services into that region for our
existing Iron Mountain global and regional customers. Additionally, we
look forward to ensuring that Archyvu’s customers will continue to
receive the best in secure storage, attentive service and expert advice.”
Founded in 2001, Archyvu Sistemos provides customers with a range of
solutions for the secure storage of, access to, and management of, their
most important information assets. These include storage options for
both hardcopy and electronic records; scanning solutions for digitizing
paper files; and secure destruction of information.
“The acquisition of Archyvu aligns with our stated objective for growing
our presence in emerging markets like The Baltics,” said Marc Duale,
President International for Iron Mountain. “In these markets, we look to
expand our market leadership by acquiring local companies who share our
focus on best-in-class service delivery, trust and security. This
enables us to support our regional, national and global customers;
enhance returns as we integrate Archyvu into our regional business; and
ensure we are well-positioned to capitalize on the information
management outsourcing trend.”
About Iron Mountain
Iron Mountain Incorporated (NYSE: IRM) is a leading provider of storage
and information management services. The company’s real estate network
of more than 69 million square feet across more than 1,100 facilities in
37 countries allows it to serve customers around the world. And its
solutions for records
management, data
management, 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.
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Source: Iron Mountain