Menu
Iron Mountain buys archiving vendor Mimosa

Iron Mountain buys archiving vendor Mimosa

The deal adds on-premise tools to Iron Mountain's cloud archiving offerings

Information management giant Iron Mountain said Monday it has acquired content archiving vendor Mimosa Systems for US$112 million.

Mimosa's on-premises NearPoint platform is known for its ability to archive Microsoft Exchange e-mail, SharePoint data and unstructured files. It will work alongside Iron Mountain's array of SaaS (software as a service) archiving offerings.

With Mimosa's technology, Iron Mountain can offer customers a hybrid archiving model that allows them to keep some data in-house, while off-loading other information to the cloud.

Iron Mountain plans to retain Mimosa's employees. Its CEO, T.M. Ravi, will become chief marketing officer in Iron Mountain's digital division. Iron Mountain will also gain some 1,000 enterprise customers.

One analyst called the acquisition a "smart, aggressive move."

Mimosa is known for content archiving, but its platform can help with backup and recovery, Enterprise Strategy Group analyst Brian Babineau wrote in a blog post Monday. "As an example, NearPoint captures and tracks all events that occur within SharePoint, enabling item level recovery of SharePoint sites, lists, and list items."

The platform includes e-discovery capabilities as well.

Moving forward, Iron Mountain will need to rationalize its product portfolio, as it now has three e-mail archiving products, Babineau added.

As a startup, Mimosa focused on Microsoft technologies because of their large addressable market, but it is conceivable Iron Mountain will invest more money into NearPoint in order to support other applications, such as IBM's Lotus Notes, he wrote.

The Mimosa acquisition, which had been rumored for some weeks, followed Iron Mountain's 2007 purchase of e-discovery vendor Stratify for $158 million.

Iron Mountain's shares were up $0.06 to $24.21 in early trading Monday.


Follow Us

Join the newsletter!

Error: Please check your email address.

Tags Archivingiron mountainmergers & acquisitions

Featured

Slideshows

Tech industry comes together as Lexel celebrates turning 30

Tech industry comes together as Lexel celebrates turning 30

Leading figures within the technology industry across New Zealand came together to celebrate 30 years of success for Lexel Systems, at a milestone birthday occasion at St Matthews in the City.​

Tech industry comes together as Lexel celebrates turning 30
HP re-imagines education through Auckland event launch

HP re-imagines education through Auckland event launch

HP New Zealand held an inaugural Evolve Education event at Aotea Centre in Auckland, welcoming over 70 principals, teachers and education experts to explore ways of shaping and enhancing learning using technology.

HP re-imagines education through Auckland event launch
Reseller News ICT Industry Awards 2017 - Meet the winners...

Reseller News ICT Industry Awards 2017 - Meet the winners...

Reseller News honoured the industry’s finest on a standout evening for the New Zealand channel, recognising the achievements of established and emerging partners on a memorable night in Auckland.

Reseller News ICT Industry Awards 2017 - Meet the winners...
Show Comments