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Iron Mountain Expands Into New Markets With Recent Records Storage And Management Acquisitions

Stocks in this article: IRM

Iron Mountain Incorporated (NYSE: IRM), the information storage and management company, has added two new service markets in Madison, Wis. and Wilmington, N.C. by acquiring assets from records management firms Datastore and Data Technology Services (DTS). These acquisitions give the company an in-market presence for providing document storage, scanning and shredding services to local organizations.

“We welcome the customers of Datastore and DTS and are committed to providing them the highest level of service for their storage and information needs,” said Harold Ebbighausen, president of North America for Iron Mountain. “Having storage facilities in these markets enables us to move with greater speed and efficiency, and that’s good for us and our customers. Acquisitions are key to expanding our presence in both new and existing markets, allowing us to drive growth and returns on invested capital.”

Founded in 2001, Datastore – a division of Coakley Brothers of Milwaukee – is a leading provider of records storage, media vaulting and document scanning services to Milwaukee, Madison and the northern Chicago suburbs. As part of the acquisition, Iron Mountain will take over two records storage facilities in Cudahy and Sun Prairie Wis., complementing the shredding service Iron Mountain already provides in the Madison market.

Data Technology Services has provided outsourced records storage and management solutions to businesses in Wilmington, N.C. and the surrounding area since 1991. With the acquisition, Iron Mountain will take possession of a 24,000 square-foot record center off the Northchase Parkway, giving the company a local hub for records storage.

About Iron Mountain

Iron Mountain Incorporated (NYSE: IRM) is a leading provider of information storage and management solutions. The company’s real estate network of 64 million square feet across nearly 1,000 facilities in 32 countries allows it to serve customers around the world with speed and accuracy. 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 for business advantage. Founded in 1951, Iron Mountain stores and protects billions of information assets, including business documents, backup tapes, electronic files and medical data. Visit  www.ironmountain.com for more information.



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