Iron Mountain Acquires Archiving Firm

Iron Mountain Inc., Boston, has acquired Mimosa Systems Inc., a Santa Clara, Calif.-based firm involved in content archiving, for approximately $112 million in cash, subject to closing adjustments. The deal is designed to provide Iron Mountain with an integrated archive for e-mail, SharePoint data and files and to give the company an on-premises archiving option to complement its existing cloud-based archives.

With the acquisition, Iron Mountain says it is now able to capture and manage a broader range of enterprise information from devices like desktop PCs and laptops as well as from company repositories like e-mail stores, SharePoint servers and file systems.

“We’re really excited about adding Mimosa Systems,” says Ramana Venkata, president of Iron Mountain Digital. “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,” he adds.

“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,” Venkata comments.