Breaking News

Tweet TWEET

Iron Mountain Acquires Records Storage Firm in Brazil

  Iron Mountain Acquires Records Storage Firm in Brazil

  Company follows strategy to expand leadership in emerging markets through
                                 acquisition

Business Wire

BOSTON -- June 24, 2013

Storage and information management company Iron Mountain® Incorporated (NYSE:
IRM) has acquired Brazilian document storage firm Archivum, growing its
presence in Sao Paulo and nearby suburbs. With the acquisition, Iron Mountain
adds more than 700 customers and now assumes responsibility for managing their
records, including approximately 1.3 million boxes of hardcopy documents.
Terms of the deal were undisclosed.

“Archivum is a strong, family-owned business that succeeded by delivering
trusted and dependable service to organizations in and around Sao Paulo,” said
Luiz Alves, Iron Mountain’s country manager. “We welcome their customers and
will continue to provide them with secure storage, attentive service and
expert advice.”

Founded in November 1994, Archivum provides customers with a range of
solutions for storing, accessing and managing their information. These include
storage options for both hardcopy records and magnetic tape cartridges;
scanning solutions for digitizing paper files; and secure destruction of
information.

“The acquisition of Archivum aligns with our objective for growing our
presence in emerging markets like Brazil,” said William Meaney, president and
CEO of Iron Mountain. “In these markets, we acquire local storage companies to
expand our market leadership, enhance returns and capture the initial wave of
records outsourcing. Overall, our expanding international network not only
brings us new business from locally-based customers, it deepens our
relationships with North American-based multinational accounts, who more
frequently are consolidating their records with one storage partner.”

Archivum is the company’s second acquisition in Brazil over the last 14
months, having acquired information management company Grupo Store in April
2012. Iron Mountain has invested approximately $60 million year to date
acquiring records storage companies in both North America and international
markets.

About Iron Mountain Incorporated

Iron Mountain Incorporated (NYSE: IRM) is a leading provider of storage and
information management services. The company’s real estate network of over 64
million square feet across more than 1,000 facilities in 35 countries allows
it to serve customers around the world. And its solutions for records
management, data backup and recovery, document management, and secure
shredding help organizations to lower storage costs, comply with regulations,
recover from disaster, and better use their information . Founded in 1951,
Iron Mountain stores and protects billions of information assets, including
business documents, backup tapes, electronic files and medical data.
Visitwww.ironmountain.com for more information.

Contact:

Iron Mountain
Dan O’Neill, 617-535-2966
dan.oneill@ironmountain.com
or
Weber Shandwick
Katie Traut, 617-520-7135
ktraut@webershandwick.com
 
Press spacebar to pause and continue. Press esc to stop.