Information management company Iron Mountain reached deep into its pockets and pulled out $112 million, which it used to acquire Mimosa Systems, Inc., the firm reported on Monday .
"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."
The deal gives Iron Mountain an integrated archive for email, SharePoint data, and files, as well as provides the company an on-premises archiving option. In addition, Iron Mountain said it can now capture and manage a wider range of enterprise information from "edge-of-the-network" devices.
"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, president and CEO of Mimosa Systems.
Image Credit: Iron Mountain