Brief: Iron Mountain buys LiveVault for $50M

The data archive firm is looking to bolster its online backup service

By Lucas mearian

December 2, 2005 12:00 PM ET

Recommended

Computerworld - Iron Mountain Inc. announced yesterday that it is buying LiveVault Corp. for $50 million in a move to bolster its electronic data vaulting services. LiveVault's online server backup and recovery service has been resold by Iron Mountain for the past five years and targets small and midsize businesses.

Iron Mountain said LiveVault, based in Marlboro, Mass., has been its largest sales channel, and the two companies have more than 2,000 customers between them.

A year ago, Iron Mountain shelled out $117 million for Connected Corp., which offered an online backup and recovery services for PCs.

Steve Duplessie, an analyst at Enterprise Strategy Group Inc. in Milford, Mass., said he believes Iron Mountain will continue to purchase similar online service companies to add technologies to bolster the company's plan to become a "one-stop shop for all external information protection and archiving."

John Clancy, executive vice president of Iron Mountain's digital business unit, said server backup and recovery has become one of the fastest growing segments of Iron Mountain's business. "So it's important for us to own the technology and intellectual property," he said.

Recommend Digg Twitter ShareThis

Email Print Send Feedback Reprints

Jump to comments

Storage

Additional Resources

WHITE PAPER

Do You Know the 7 Steps to Successful Data Migration?

Approximately 60 percent of data migration projects overrun time or budget, while some fail completely. Download this white paper, "Enhancing Your Chance for Successful Data Migration," to learn the critical steps you need to take to execute a data migration project with minimum cost and risk to your business.

WHITE PAPER

Total Cost of Ownership of Server Computing Vs. PCs

Read the Gartner research note to learn why the TCO of a server-based computing deployment used to deliver all applications to users is around 50% lower than that of an unmanaged desktop deployment.

WHITE PAPER

IDC White Paper: Linux in a Global Recession

Economic downturns have a tendency to accelerate emerging technologies, boost the adoption of effective solutions, and punish solutions that are not cost competitive or that are out of synch with industry trends. This IDC White Paper presents the results of an IDC survey of 330 companies in Western Europe, Asia/Pacific and the Americas that measures the receptiveness to Linux and takes into consideration changing views driven by the disruptive economic environment that businesses face today.

White Papers & Webcasts

Data Manager Report Excerpt: File System Inventory
Cut storage costs and boost operational efficiencies.

Key Strategies for Managing Data Growth
What are you storage challenges?

Reducing Storage Costs with F5 ARX
Save money- deploy ARX Solutions.

Data Protection is not an insurance policy -you cannot buy-back lost data
Find out why you need to maintain access to critical information to run your business and remain competitive.

Why Email Fails: Dell MessageOne Survey of Email Outages
Download Now

Strategic ECM Webinar
Learn what new strategic business benefits can be realized through ECM!

Essential Archive Requirements for E-Discovery
Register Now!

Rethinking Business Continuity and High Availability in Storage - HP and Forrester Pre-Recorded Webcast
Download it.

CIO Strategies for the Retention and Deletion of Email
Register Now!

5 Architecture Issues that Impact BES performance
Register to attend this LIVE Webinar to learn 5 Architecture Issues that Impact BES performance!

All White Papers | All Webcasts