By Leena Rao
Information management company Iron Mountain (NYSE:IRM) has acquired Mimosa Systems for a cool $112 million in cash. Mimosa Systems provides an enterprise-friendly archiving system for email, SharePoint data and files.
Iron Mountain provides data management solutions including protection, recovery, archiving, eDiscovery and intellectual property offerings. Mimosa Systems will provide on-premises archiving solution to complement Iron Mountain’s cloud-based information management systems.
With the acquisition of Mimosa, Iron Mountain gains 1000 more customers. Mimosa will be folded into Iron Mountain’s Total Email Management Suite. The president and CEO of Mimosa Systems, T. M. Ravi, will become chief marketing officer for Iron Mountain Digital. Since its launch in 2003, Mimosa has raised close to $50 million in venture funding.