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Iron Mountain to acquire Mimosa Systems for $112 million

Iron Mountain Inc. today said it intends to acquire data archiving software vendor Mimosa Systems for $112 million in cash, subject to closing adjustments.

Iron Mountain already partners with U.K.-based Mimecast for email archiving software as a service (SaaS). That partnership is still ongoing, according to Iron Mountain. That indicates an on-premise focus for Mimosa under the otherwise services-focused Iron Mountain. “Customers wanting to archive email can now choose either NearPoint for onsite archiving or Iron Mountain’s Total Email Management Suite, powered by Mimecast technology, for archiving email in the cloud,” Iron Mountain said in its release announcing the Mimosa acquisition.

Iron Mountain claims files can be easily transferred from Mimosa on-premise archives to its Stratify Legal Discovery Service “for larger litigation matters.” The announcement also emphasizes Mimosa’s integration with files and SharePoint as well as Microsoft Exchange email.

The Mimosa team, including CEO TM Ravi, will be retained by Iron Mountain. Ravi becomes Iron Mountain Digital’s new Chief Marketing Officer.

Stay tuned to SearchStorage.com/news for more on this story.

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