Iron Mountain Buys 3 Data Storage Companies
Iron Mountaintoday announced the acquisition of three companies, expanding its assets in the data backup and recovery industry. Terms of the deals to acquire IG2 Data Security of Chicago, DATAPROS Storage and Staffing of Phoenix, and Data Backup of Sarasota, Fla., were not disclosed.
Harry Ebbighausen, North American president of Iron Mountain, said in a statement, "We welcome the customers of these firms and are committed to serving their data backup and recovery needs," Ebbighausen added, "Acquisitions are a key component of our overall strategy to drive growth and returns on invested capital, and we will continue to seek opportunities that enhance our existing operations or expand our service footprint."
The acquisitions will add to Iron Mountain's existing network of nearly 1,000 facilities, located in 32 countries around the world. Iron Mountain is headquartered in Boston.
The article Iron Mountain Buys 3 Data Storage Companies originally appeared on Fool.com.Tim Brugger has no positions in the stocks mentioned above. The Motley Fool has no positions in the stocks mentioned above. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.