Iron Mountain pays $112M for Mimosa Systems

By Mass High Tech staff

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Iron Mountain Inc., the data storage and protection firm based in Boston, has acquired California content archiving firm Mimosa Systems Inc. for $112 million in cash.

The acquisition will give Iron Mountain (NYSE: IRM) a data archive option on site, SharePoint data and files and an integrated e-mail archive. Iron Mountain already stores data via cloud-based archives. As part of the buyout deal, Iron Mountain Digital will absorb the Mimosa Systems team, with Mimosa president and CEO T.M. Ravi taking the role of chief marketing officer for Iron Mountain Digital.

Mimosa Systems develops enterprise archiving platform NearPoint, with more than 1,000 enterprise customers.

In January, Iron Mountain subsidiary Stratify, a California-based electronic discovery firm, acquired Legal Imaging Technologies Inc., a company specializing in electronic document conversion and imaging processing, also based in California.

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