Iron Mountain enters Middle East with first acquisition
Information storage and management services secures purchase of Endless Document Storage Services LLC
Iron Mountain Incorporated has acquired a controlling stake in Endless Document Storage Services.
The move into the Middle East is part of the company's strategy to expand in international markets, and with this latest acquisition Iron Mountain now operates in 46 countries.
Iron Mountain stores and protects billions of critical business documents, electronic information, medical data, and cultural and historical artefacts, whilst helping organisations to lower their storage costs.
Now with the acquisition of Endless Document Storage Services, existing customers will benefit from Iron Mountain's secure storage and information management, as well as solutions for reducing information-related costs and risks.
Endless Document Storage Services LLC has four storage facilities in the region, which will add 40,000 square feet of storage space to Iron Mountain's real estate network of more than 85 million square feet across more than 1,400 facilities.
Iron Mountain's president and CEO William L. Meaney said: "Both regional and multinational businesses across the Middle East are increasingly outsourcing the storage and management of their information as a means to lower their operating costs; transition to a digital records workplace; and ensure they can respond in the event of litigation or a regulatory audit."
George Harfouch, founder and CEO of Endless Document Storage Services LLC, added: "We can bring our existing customers an even better experience as we draw on Iron Mountain's expertise gained over more than sixty five years. Iron Mountain is the category leader in information storage and management and as such brings a wealth of knowledge that will help customers in the region manage their valuable and sensitive information assets."