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Press Releases Archive >
Iron Mountain Acquires Mimosa Systems
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. |
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