Iron Mountain Acquiring Company

Iron Mountain Incorporated announced the signing of a definitive agreement to acquire Framingham, MA-based Connected Corp. for around $117 million. The acquisition builds on Iron Mountain's mission to protect its customers' information and to protect its customers through compliant information management. Connected is a technology and market leader in the protection, archiving and recovery of distributed data.

"Bringing Connected into the Iron Mountain family is reflective of Iron Mountain's long-term strategy 'to go where our customers need us to be' in the archiving and data protection market," commented Richard Reese, chairman and CEO of Iron Mountain. "Traditionally, that has meant increasing the Company's geographic footprint for our physical records management and off-site data protection businesses. Today, that means helping customers manage and protect all of their information -- both physical and digital -- regardless of format or location."

Richard Reese, chairman and CEO for Iron Mountain, said, "This is a logical move for Iron Mountain because it extends our protection to distributed data, which is a particularly difficult management challenge and area of vulnerability for our customers. Our new combination of offerings ensures better information protection, access, availability and compliance."