Iron Mountain on Monday announced its acquisition of enterprise  -class content -archiving solutions company Mimosa Systems for about $112 million in cash. Mimosa brings more than 1,000 enterprise customers to the Iron Mountain fold.
Iron Mountain's latest acquisition gives the company an integrated archive for e-mail, SharePoint data and files, and an on-premises archiving option to complement its existing cloud-based archives. With the Mimosa acquisition, Iron Mountain is positioning the company as a one-stop shop for data capture, archiving and management .
"Iron Mountain has seen its core business come under a lot of pressure from traditional storage vendors," said Charles King, principal analyst at Pund-IT . "Its traditional business is being sliced and diced. So it makes sense for them to become greater than they were. We've seen that with previous acquisitions in some of the cloud-based archive offerings the company has been offering."
Driving Intelligence
By combining Mimosa's on-premises archive with Iron Mountain's cloud-based technologies, Iron Mountain said the company can store, recover and discover digital content wherever it resides.
Specifically, the acquisition makes it possible for Iron Mountain to deal with enterprise information on "edge-of-the-network" devices like desktop PCs and laptops as well as from company repositories like e-mail stores, SharePoint servers, and file systems. Iron Mountain said the acquisition also allows the company to "extract intelligence" from the information it manages both on-premises and in the cloud.
"This is the kind of opportunities that the big companies fully understand. IBM has poured billions of dollars into the development and acquisitions aimed at this same area," King said. "The entire EMC Documentum product group is dedicated to this area and SharePoint content management is a really hot topic right now."
Bolstering E-Discovery
With the acquisition, Iron Mountain picks up Mimosa NearPoint, an enterprise archiving platform with applications for retention and disposition, e-discovery, compliance supervision, classification, recovery and end-user search. This product adds to Iron Mountain's own portfolio of content archiving, data protection and recovery, and e-discovery solutions. (continued...)
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