Iron Mountain buys records-storage firm in Brazil

William Meaney. Photo taken from Iron Mountain’s website.
William Meaney. Photo taken from Iron Mountain’s website.

Iron Mountain Inc., a Boston-based data-storage and information management company, said Monday that it has acquired a Brazilian firm in a transaction that grows Iron Mountain’s presence in Sao Paulo.

Terms of the deal were undisclosed, Iron Mountain said in a press release.

The Brazilian company is Archivum, which specializes in document storage. With the acquisition, Iron Mountain adds more than 700 customers and now assumes responsibility for managing their records, including approximately 1.3 million boxes of hard-copy documents.

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Archivum is Iron Mountain’s second acquisition in Brazil over the last 14 months; Iron Mountain previously acquired information management company Grupo Store in April 2012. Iron Mountain said it has invested about $60 million year to date acquiring records storage companies in both North America and international markets.

“The acquisition of Archivum aligns with our objective for growing our presence in emerging markets like Brazil,” Iron Mountain president and CEO William Meaney said in a statement. “In these markets, we acquire local storage companies to expand our market leadership, enhance returns, and capture the initial wave of records outsourcing. Overall, our expanding international network not only brings us new business from locally-based customers, it deepens our relationships with North American-based multinational accounts, who more frequently are consolidating their records with one storage partner.”