Company continues to execute on strategy to expand presence in
emerging markets
BOSTON--(BUSINESS WIRE)--
Iron
Mountain Incorporated®, the storage and information management
company, today announced it has entered the African market with the
purchase of a controlling interest in Docufile South Africa, the largest
privately owned records management company in South Africa. Iron
Mountain purchased 75 percent of Docufile and has taken over the
day-to-day operations, with the two companies jointly driving business
development in South Africa.
Founded in 1998, Docufile has nine facilities and more than two million
cubic feet of storage in South Africa and Lesotho, including
Johannesburg, Pretoria, Durban and Cape Town, and provides services in
Port Elizabeth, East London, Bloemfontein and Nelspruit. Its solutions
cover the full information life cycle, from records creation to
destruction, and include records management and storage; document
imaging and scanning; off-site data storage and hosting; file tracking
software; online data backup and restoration; secure shredding;
archiving stationary; and training and consulting.
“Our investment in Docufile aligns with our stated objective for
expanding our international footprint and establishing a presence in key
regions like Africa,” said Marc Duale, President International for Iron
Mountain. “When looking for an entry point in new markets, we look to
acquire or invest in established local companies that share our belief
in delivering service to customers with the highest levels of security
and trust. We look forward to maintaining that high standard with
Docufile’s roster of 900 customers while also establishing a local base
of operations for our global customers in South Africa, as well as new
regional customers.”
With this acquisition and Iron Mountain’s recent purchase of Archyvu
Sistemos in The Baltics, the company now operates in 41 countries and on
six continents, expanding its global presence into fast-growing emerging
international markets.
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