December 11, 2012 – Iron Mountain intends to buyout assets of three U.S.-based data protection vendors, its first moves since announcing a leadership change.
The data storage and management vendor intends to buy the assets include: IG2 Data Security Inc., based in Chicago with a mostly Midwestern customer footprint; DATAPROS Storage and Staffing LLC, based in Phoenix, a media storage and management specialist; and Data Backup Inc., based in Sarasota, Fla. and covering mostly Florida ventures since it was established in 1994.
In a release on the proposed deals, Iron Mountain President of North America Harry Ebbighausen offered little in the way of details, but welcomed customers of the respective vendors and stated that his firm is “committed” to supplying their storage and backup.
Mergers and acquisitions in the data protection and backup space have been down over the last year, and deals have been focused on industry-specific or as-a-service providers.
The announcements come a week after Iron Mountain named international airlines turnaround expert William Meaney as its new president and CEO starting Jan. 7. Outgoing Iron Mountain CEO Richard Reese had already announced his intent to retire after 31 years with the company.
Financial details of the proposals for the privately held firms were not disclosed. These are Iron Mountain’s first announced deals since buying a trio of U.S. storage startups in May.
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