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.

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags Archivingmergers & acquisitionsiron mountain

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Chris Kanaracus

IDG News Service
Show Comments

Cool Tech

Bang and Olufsen Beosound Stage - Dolby Atmos Soundbar

Learn more >

Toys for Boys

ASUS ROG, ACRONYM partner for Special Edition Zephyrus G14

Learn more >

Sony WF-1000XM3 Wireless Noise Cancelling Headphones

Learn more >

Nakamichi Delta 100 3-Way Hi Fi Speaker System

Learn more >

Family Friendly

Mario Kart Live: Home Circuit for Nintendo Switch

Learn more >

Philips Sonicare Diamond Clean 9000 Toothbrush

Learn more >

Stocking Stuffer

SunnyBunny Snowflakes 20 LED Solar Powered Fairy String

Learn more >

Teac 7 inch Swivel Screen Portable DVD Player

Learn more >

Christmas Gift Guide

Click for more ›

Brand Post

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Tom Pope

Dynabook Portégé X30L-G

Ultimately this laptop has achieved everything I would hope for in a laptop for work, while fitting that into a form factor and weight that is remarkable.

Tom Sellers

MSI P65

This smart laptop was enjoyable to use and great to work on – creating content was super simple.

Lolita Wang

MSI GT76

It really doesn’t get more “gaming laptop” than this.

Jack Jeffries

MSI GS75

As the Maserati or BMW of laptops, it would fit perfectly in the hands of a professional needing firepower under the hood, sophistication and class on the surface, and gaming prowess (sports mode if you will) in between.

Taylor Carr

MSI PS63

The MSI PS63 is an amazing laptop and I would definitely consider buying one in the future.

Christopher Low

Brother RJ-4230B

This small mobile printer is exactly what I need for invoicing and other jobs such as sending fellow tradesman details or step-by-step instructions that I can easily print off from my phone or the Web.

Featured Content

Product Launch Showcase

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?