Iron Mountain Buys 3 Data Storage Companies (IRM)

Iron Mountain Buys 3 Data Storage Companies

Iron Mountain (NYSE: IRM ) today announced the acquisition of three companies, expanding its assets in the data backup and recovery industry. Terms of the deals to acquire IG2 Data Security of Chicago, DATAPROS Storage and Staffing of Phoenix, and Data Backup of Sarasota, Fla., were not disclosed.

Harry Ebbighausen, North American president of Iron Mountain, said in a statement, "We welcome the customers of these firms and are committed to serving their data backup and recovery needs," Ebbighausen added, "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."

The acquisitions will add to Iron Mountain's existing network of nearly 1,000 facilities, located in 32 countries around the world. Iron Mountain is headquartered in Boston.

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