Wednesday, October 31, 2007

Iron Mountain To Acquire Stratify, Inc.

BOSTON and MOUNTAIN VIEW, Calif., Oct. 31 /PRNewswire-FirstCall/ -- Iron Mountain Incorporated , the global leader in information protection and storage services, today announced the signing of a definitive agreement to acquire Stratify, Inc. for approximately $158 million in cash. Stratify, a leader in advanced electronic discovery services for the legal market, offers in-depth discovery and data investigation solutions for AmLaw 200 law firms and leading Fortune 500 corporations. With this acquisition, Iron Mountain augments its suite of eDiscovery services, providing businesses with a complete, end-to-end Discovery Services solution that efficiently manages paper and digital information for discovery and data investigations, compliance and associated records management, and litigation matters.

"With today's increased litigation and regulatory investigations, businesses are facing significant pains associated with the growing cost and complexity of discovery across tremendous volumes of discoverable information," said John Clancy, president of Iron Mountain Digital, the technology arm of Iron Mountain. "In order to help meet our customers' needs in this area, we began an exhaustive search for the leading provider of electronic discovery and investigation services. We formed a partnership with Stratify that has since evolved into a natural extension of the Iron Mountain Digital portfolio."

No comments:

Post a Comment