Iron Mountain Acquires Archyvu Sistemos, the Leading Document Storage and Archiving Company in The Baltics
Company continues to execute on strategy to expand presence in emerging markets through acquisition
BOSTON – March 10, 2016 — Iron Mountain Incorporated®, the storage and information management company, today announced it has acquired Lithuanian document storage and archiving firm Archyvu Sistemos, significantly expanding its presence in The Baltics. With the acquisition, Iron Mountain adds more than 400 customers throughout Lithuania, Estonia and Latvia, assuming the responsibility for managing their complete inventory of 700,000 cubic feet of hardcopy records as well as continuing to offer secure archiving and destruction services. Terms of the deal were not disclosed.
“Archyvu is the recognized market leader in The Baltics, with a strong reputation for service reliability and security,” said Andras Szakonyi, Vice President for Eastern Europe, Iron Mountain. “This acquisition presents us with an opportunity to strengthen our presence in The Baltics, expanding our business to new regional customers while also enabling us to deliver our core services into that region for our existing Iron Mountain global and regional customers. Additionally, we look forward to ensuring that Archyvu’s customers will continue to receive the best in secure storage, attentive service and expert advice.”
Founded in 2001, Archyvu Sistemos provides customers with a range of solutions for the secure storage of, access to, and management of, their most important information assets. These include storage options for both hardcopy and electronic records; scanning solutions for digitizing paper files; and secure destruction of information.
“The acquisition of Archyvu aligns with our stated objective for growing our presence in emerging markets like The Baltics,” said Marc Duale, President International for Iron Mountain. “In these markets, we look to expand our market leadership by acquiring local companies who share our focus on best-in-class service delivery, trust and security. This enables us to support our regional, national and global customers; enhance returns as we integrate Archyvu into our regional business; and ensure we are well-positioned to capitalize on the information management outsourcing trend.”
About Iron Mountain
Iron Mountain Incorporated (NYSE: IRM) is a leading provider of storage and information management services. The company’s real estate network of more than 69 million square feet across more than 1,100 facilities in 37 countries allows it to serve customers around the world. And its solutions for records management, data management, document management, and secure shredding help organizations to lower storage costs, comply with regulations, recover from disaster, and better use their information. Founded in 1951, Iron Mountain stores and protects billions of information assets, including business documents, backup tapes, electronic files and medical data. Visit www.ironmountain.com for more information.