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February 21, 2010

Iron Mountain snaps up Mimosa Systems for $112m

Adds on-premises archiving option to its cloud offerings

By CBR Staff Writer

Information management services firm Iron Mountain has acquired Santa Clara, California-based Mimosa Systems, a provider of content archiving offerings, for approximately $112m in cash, subject to closing adjustments.

Iron Mountain said that the deal provides an integrated archive for email, SharePoint data and files, and gives the company an on-premises archiving option to complement its existing cloud-based archives. It also provides the ability to archive and manage data both onsite, inside the customer’s firewall, and remotely in the cloud.

In addition, the deal allows them to capture and manage a range of enterprise information from devices such as desktop PCs and laptops as well as from company repositories like email stores, SharePoint servers and file systems.

The company said that the acquisition allows them to extract intelligence from the information it manages both on-premises and in the cloud. It also adds Mimosa’s NearPoint to its portfolio of content archiving, data protection and recovery, and eDiscovery offerings.

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The Mimosa team will be retained and become an integral part of Iron Mountain Digital. The president and CEO of Mimosa Systems, T.M. Ravi, will assume the role of chief marketing officer for Iron Mountain Digital, responsible for all marketing functions and helping to drive strategy planning and execution for Iron Mountain Digital.

Ramana Venkata, president of Iron Mountain Digital, the technology arm of Iron Mountain, said: “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.”

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