Friday, January 29, 2010

Iron Mountain's Stratify Acquires E-Discovery Company

Boston-based Iron Mountain Inc. reports that its California-based electronic discovery subsidiary Stratify has acquired Legal Imaging Technologies Inc., a San Francisco area company specializing in electronic document conversion and imaging processing.

Adding LIT’s processes and products into Stratify’s e-discovery capabilities will triple Stratify’s production capabilities in its data center operations that support the North America, EMEA and Asia-Pacific markets, according to Iron Mountain (NYSE: IRM) officials.

No financial details of the acquisition were disclosed.

Founded in 1993, Legal Imaging Technologies started as a high-volume, paper-based litigation support services company for firms located in the San Francisco Bay area. The company developed its own high-performance software tools that focused on efficient conversion, stamping, optical character recognition (OCR) and other electronic discovery processes as the e-discovery market grew, officials said.

Iron Mountain paid $158 million to acquire Stratify Inc., based in Mountain View, Calif., in October of 2007.

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