PricewaterhouseCoopers and Iron Mountain Expand Joint Business Relationship

Broader agreement provides clients with information management consulting services for record-keeping compliance and litigation preparedness

NEW YORK and BOSTON, Feb. 2, 2009 — PricewaterhouseCoopers LLP (PwC) and Iron Mountain Incorporated (NYSE:IRM), the global leader in information protection and storage services, today announced a joint business relationship to provide clients with information management, compliance and litigation preparation services. This business relationship enables PwC and Iron Mountain to deliver information management consulting services from both organizations to clients, and complements a relationship established in July 2008 for PwC to use eDiscovery technology from Iron Mountain subsidiary Stratify, Inc. to help clients with investigations, regulatory matters and litigation.

Iron Mountain’s Consulting Services group will advise clients on meeting numerous legal, regulatory, and operational requirements by working with them to develop records management policies and procedures like retention schedules. PwC’s consultants will help clients make important information lifecycle decisions like how to retain, identify, preserve, protect, produce, archive and dispose of information. Stratify’s team of technologists, former litigators and project management professionals will help clients understand how information is optimally work-flowed and used in complex legal proceedings.

“More and more, organizations want an integrated approach to managing their paper and electronic information,” said John Jamison, vice president of Iron Mountain Consulting Services. “By combining PwC’s consultative strength with Iron Mountain’s records management expertise and Stratify’s leading electronic discovery capabilities, we can now give our enterprise customers richer guidance for getting tighter control over their information, ultimately reducing their costs and risks of information management.”

"The management of critical information assets across the information lifecycle is a core concern for many organizations today, especially as they deal with complex issues like data privacy, discovery and security, both in the U.S. and globally," said Brian Wycliff, principal, PricewaterhouseCoopers. "Together, PwC, Iron Mountain and Stratify can help clients rationalize their enterprise-wide information stores, reduce costs and risks, and improve
end-to-end operational effectiveness."

“As a team, Iron Mountain, PwC and Stratify can now handle the full spectrum of corporate information management needs. With a powerful combination of expertise, process and tools, we are uniquely capable of helping corporate counsel successfully navigate their way through this new information minefield of regulation and litigation," said Ramana Venkata, senior vice president, Iron Mountain and general manager, Stratify, Inc.

About Iron Mountain’s Consulting Services
Iron Mountain Consulting Services assists Fortune 1000 clients in developing and implementing records management programs. Iron Mountain consultants work with clients to set records retention schedules, create policies and procedures, and assist with training and implementation. In addition, Iron Mountain’s consulting team helps organizations prepare for litigation by constructing information maps for electronic records most often involved in litigation.

About Iron Mountain
Iron Mountain Incorporated (NYSE:IRM) helps organizations around the world reduce the costs and risks associated with information protection and storage. The Company offers comprehensive records management and data protection solutions, along with the expertise and experience to address complex information challenges such as rising storage costs, litigation, regulatory compliance and disaster recovery. Founded in 1951, Iron Mountain is a trusted partner to more than 120,000 corporate clients throughout North America, Europe, Latin American and Asia Pacific. For more information, visit the Company's Web site at www.ironmountain.com.

About PricewaterhouseCoopers' Advisory Practice
PricewaterhouseCoopers' business advisory professionals provide clients with the confidence to succeed by helping them anticipate, create and manage change. Whether clients are proactively implementing change or reacting to an unplanned event, we leverage our Firm's resources, deep industry experience, and functional acumen across the areas of operations, finance, organizational strategy and structure, process improvement, human resources effectiveness, technology integration and implementation, risk mitigation and crisis management to help organizations effect sustainable change.

PwC's professionals focused on Forensic Services provide confidential, international resources to investigate fraud or help clients manage and mitigate risk as well as identify and analyze vulnerabilities -- whether in one country or worldwide. Our global capabilities and the experience of our investigators -- many of whom have held senior-level positions with major prosecutorial and law enforcement agencies around the world -- can be leveraged to support investigations that extend across borders or that affect multinational organizations.

About PricewaterhouseCoopers
PricewaterhouseCoopers (www.pwc.com) provides industry-focused assurance, tax and advisory services to build public trust and enhance value for its clients and their stakeholders. More than 155,000 people in 153 countries across our network share their thinking, experience and solutions to develop fresh perspectives and practical advice.

"PricewaterhouseCoopers" refers to PricewaterhouseCoopers LLP or, as the context requires, the PricewaterhouseCoopers global network or other member firms of the network, each of which is a separate and independent legal entity.

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