May 16, 2011 – Infrastructure software provider Autonomy Corporation stated plans to pay $380 million for digital archiving, e-discovery and recovery products from the digital division of Iron Mountain.
Announcing an intention to boost its cloud security and digital data protection, Autonomy will add products such as Connected for nonregulatory and structured data into its existing cloud platform, according to a company news release. Attached to the deal are more than 6,000 customers and six petabytes of data., which would put its number of customers at about 25,000, according to a company news release.
Brian Hill, senior analyst at Forrester Research, says Iron Mountain had been shopping its digital offerings to Autonomy and other rivals recently after continued struggles with compatibilities. With the deal announced Monday, Autonomy picks up some new provisions in backup and recovery for the cloud, but it will have to choose between duplicates, similar to a previous deal for a data governance group from CA Technologies, says Hill.
“Now, with these offerings [from Iron Mountain], Autonomy will have a pretty big range of different archiving and e-discovery products. There’s quite a bit of overlap there, and they may have a bit of acquisition indigestion as part of this,” he says.
In addition to the customer base gains for Autonomy, the deal takes pressure off management within the digital division at Iron Mountain, which hadn’t fully followed through on its cloud offerings, says Nick Patience, information management research director with The 451 Group.
“Dissident shareholders wanted the company to get out of the digital business and focus on its core business of physical storage and archiving,” says Patience.
Not included in the deal are Iron Mountain’s technology escrow service, a medical records archiving service and other, smaller operations that that company had recently shut down, according to an Autonomy statement. The deal is subject to closing conditions.
Register or login for access to this item and much more
All Information Management content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access