Data Center decommissioning & value recovery during M&A

A U.S. Bank StreamlinesAcquisition with Iron MountainAsset Lifecycle Management

Mergers and acquisitions presentcompanies with complex challenges,from managing financial implications tointegrating technologies and protectingsensitive data across organisations.After making a large-scale, internationalacquisition, a large US bank founditself under external pressure to meetshareholder expectations, includingopportunities for consolidation, expensereduction, improved operationalefficiencies, and superior financial returns.

To deliver on these objectives, the newlyexpanded bank needed to consolidatebranches, offices, and data centres,improve customer experience, andsecurely decommission retiring IT assetsto protect confidential data. The team alsofaced internal challenges, including anaggressive timeline, no internal process orresources for data centre decommissioning, incomplete inventory of acquired assets,and colocation facilities that didn’t haveon-site staff.

Enter Iron Mountain Asset LifecycleManagement. Leveraging our globalscale and extensive logistics footprint,we designed solutions optimised to meet the bank’s intricate risk mitigationrequirements. Our solid reputationand well-established informationgovernance relationships fosteredtrust among the bank’s senior leaders.Simultaneously, our robust protocolsand controls facilitated a streamlined,efficient workflow, enabling the bank toaccomplish its objectives.

Iron Mountain ALM’s expertise inworkplace technology and circulareconomics also allowed the bank toextract maximum value from assets thatwere made redundant by successfulconsolidation. And with our holisticapproach to asset management, thebank saw an increase in operationalefficiencies and financial returns.

The US bank’s successful consolidationhighlights how partnering with IronMountain ALM can empower IT leadersto address external pressures, achievebusiness objectives, and overcomeinternal challenges. By providingsolutions to our client’s immediateproblems, we help generate enduringbenefits for our client’s bottom line.

*Gartner Market Guide for IT Asset Disposition; Rob Schafer, Christopher Dixon; January 23, 2023
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