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Print Edition StoriesWednesday, November 18, 2009
Clancy leaves Iron Mountain Digital for Schooner Capital
By Jackie Noblett
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Iron Mountain Digital disclosed Wednesday the chief of its digital business unit will be leaving at the end of the year and will be replaced by the founder of its eDiscovery product unit.
John Clancy, president of Iron Mountain Digital, is leaving the Boston records management company (NYSE: IRM) to become CEO in Residence at Boston investment shop Schooner Capital LLC. The firm is a major investor in lron Mountain and is located in the same building as Iron Mountain’s headquarters.
During Clancy’s tenure, the digital unit, which includes digital records storage services and software to organize and recover information, grew to $230 million from $50 million.
He will be replaced by Ramana Venkata, chief operating officer of Iron Mountain Digital. Venkata founded and was the CEO of Stratify Inc., an electronic records discovery software platform for law firms, in 2009. Iron Mountain acquired Stratify in 2007.
“I am very excited to have the opportunity to lead such a world-class organization as Iron Mountain Digital, and I look forward to working more closely with (Iron Mountain CEO Robert Brennan) and the exceptional group of people that make up the Iron Mountain team,” Venkata said in a statement. “We have a unique opportunity to help our customers reduce their costs and risks of information management and at the same time, make their data more useful. This powerful concept is why I joined Iron Mountain in the first place.”
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