Information management services firm Iron Mountain announced Monday that it would take over enterprise archiving firm Mimosa Systems for a total cost of about $112 million in cash.
Iron Mountain said that the acquisition would grant it greater flexibility in the way that it manages
data for its clients. "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," said Iron Mountain digital president Ramana Venkata.
Mimosa’s NearPoint archiving platform will provide Iron Mountain clients with the ability to manage the way they store information, including email, user-generated content, and SAP data management files, Iron Mountain said.
The company said that "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."
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