| |
|
|
 |
Iron Mountain Adds
All-in-One, On-Premises Archive to Complement its Cloud
Offerings; Company Now Capable of Managing Information
Wherever it Resides |
BOSTON (Feb. 22, 2010) – Iron Mountain Incorporated (NYSE: IRM), an
information management services company, today announced it has
acquired Santa Clara, Calif.-based Mimosa Systems, Inc., a leader in
enterprise-class content archiving solutions, for approximately $112
million in cash, subject to closing adjustments. The deal provides
Iron Mountain with an integrated archive for email, SharePoint data
and files, and gives the company an on-premises archiving option to
complement its existing cloud-based archives.
The ability to archive and manage data both onsite, inside the
customer’s firewall, and remotely in the cloud makes Iron Mountain a
one-stop shop for data capture, archiving and management. It also
provides the company’s customers with greater flexibility and choice
for managing their information.
Additionally, the company can now capture and manage a broader range
of enterprise information from so-called “edge-of-the-network”
devices like desktop PCs and laptops as well as from company
repositories like email stores, SharePoint servers and file systems.
Many larger businesses still prefer to keep this data on their
premises today. Finally, the acquisition allows Iron Mountain to
extract intelligence from the information it manages both
on-premises and in the cloud, advancing the company’s larger
strategy to help enterprises lower the costs and risks associated
with storing and managing information.
“We’re really excited about adding Mimosa Systems,” said Ramana
Venkata, president of Iron Mountain Digital, the technology arm of
Iron Mountain. “We acquired Mimosa because we believe it offers the
best archiving technology on the market, and the company shares our
philosophy to help customers reduce the cost and risk of storing and
managing information. By combining Mimosa’s on-premises archive with
our cloud-based technologies, Iron Mountain can now store, recover
and discover digital content wherever it resides. This is a great
example of the type of technology acquisition that fits well within
our long-term growth strategy.”
Mimosa NearPoint™ is an enterprise archiving platform with
applications for retention and disposition, eDiscovery, compliance
supervision, classification, recovery, and end-user search, enabling
customers to reduce risk, and lower their eDiscovery and storage
costs. Mimosa has more than 1,000 enterprise customers and is
recognized by industry analysts as a fast-growing, visionary
archiving company.
“Enterprises today are buried in email and other forms of
user-generated content, making information storage and management a
complex, expensive and risky exercise,” said Arun Taneja, founder
and consulting analyst of the Taneja Group. “This deal strengthens
Iron Mountain’s position in the market as a comprehensive provider
of information management solutions. Its customers now have greater
flexibility to store and manage their information onsite or in the
cloud, where it makes sense for their budget and business.”
NearPoint joins a broad portfolio of content archiving, data
protection and recovery, and eDiscovery solutions from Iron Mountain
Digital. Customers wanting to archive email can now choose either
NearPoint for onsite archiving or Iron Mountain’s Total Email
Management Suite, powered by Mimecast® technology, for archiving
email in the cloud. Additionally, customers can use Iron Mountain’s
Digital Record Center® for Compliant Messaging for email that must
meet SEC regulations and supervision.
The addition of the NearPoint content archive also offers customers
an enhanced eDiscovery solution set for quickly finding content and
applying legal holds across email, file and SharePoint data. For
larger litigation matters, organizations can easily transfer their
onsite data to Iron Mountain’s cloud solution, Stratify Legal
Discovery® Service. For smaller matters or in instances where
companies want to begin the eDiscovery process on their own, they
can do so onsite with Iron Mountain’s early-case assessment tool for
eDiscovery, eVantage™.
The Mimosa team will be retained and become an integral part of Iron
Mountain Digital. The president and CEO of Mimosa Systems, T. M.
Ravi, will assume the role of chief marketing officer for Iron
Mountain Digital, responsible for all marketing functions and
helping to drive strategy planning and execution for Iron Mountain
Digital.
“It’s a win-win situation for our customers and partners who can now
leverage Iron Mountain’s global reach and comprehensive information
management services,” said T.M. Ravi. “The Mimosa team will play a
key role in the development and execution of the company’s cloud and
on-premises information management strategy.”
About Mimosa
Mimosa Systems, Inc. delivers next-generation email, file and
SharePoint archiving solutions for information immediacy, discovery,
and continuity. Mimosa NearPoint is the industry’s most
comprehensive unstructured information management software solution
for email, files, collaboration systems and instant messages,
enabling archiving, eDiscovery, storage management, and recovery in
a unified solution. Mimosa is a Microsoft Gold Certified Partner,
recognized for its competencies in networking infrastructure
solutions, ISV/software solutions, and advanced infrastructure
solutions.
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) helps organizations around the
world reduce the costs and risks associated with information
protection and storage. The Company offers comprehensive records
management and data protection solutions, along with the expertise
and experience to address complex information challenges such as
rising storage costs, litigation, regulatory compliance and disaster
recovery. Founded in 1951, Iron Mountain is a trusted partner to
more than 140,000 corporate clients throughout North America,
Europe, Latin America and Asia Pacific. For more information, visit
the Company's Web site at www.ironmountain.com.
|
|
|
Contact Details
Armana Systems LLP
Talbot House
High Street
Crowthorne
Berkshire
RG45 7AQ
|
|
