Iron Mountain Acquires Three Regional Storage Companies
The old-line storage company acquires data protection firms IG2 Data Security in Chicago, DATAPROS Storage and Staffing in Phoenix and Data Backup in Sarasota, Fla. Terms of the deals were not disclosed.Iron Mountain, which has been quiet news-wise since it sold its digital storage businesses for $380 million to Autonomy 18 months ago, got back into that exact business Dec. 10 by acquiring three regional-size storage-related companies. The venerable Boston-based company acquired data protection firms IG2 Data Security in Chicago, DATAPROS Storage and Staffing in Phoenix and Data Backup in Sarasota, Fla. Terms of the deals were not disclosed. As one of the leading independent providers in the Chicago area, IG2 Data Security has offered data protection and backup tape storage services to Chicago, northwest Indiana and southeastern Wisconsin since 2002. DATAPROS Storage and Staffing is an independent data protection provider in Phoenix, offering media storage and management services. Generically named Data Backup was founded in 1994 and serves as a data storage and disaster recovery service provider in western Florida.
"We welcome the customers of these firms and are committed to serving their data backup and recovery needs," Iron Mountain President for North America Harry Ebbighausen said. "Acquisitions are a key component of our overall strategy to drive growth and returns on invested capital, and we will continue to seek opportunities that enhance our existing operations or expand our service footprint."