Iron Mountain buys Mimosa Systems

Iron Mountain said Monday that it is picking up Mimosa Systems in a deal worth $112 million.

Mimosa specializes in enterprise content archiving systems. Iron Mountain focuses on data archiving, e-discovery and information management.

According to the companies, the plan is to use Mimosa's NearPoint software, which operates inside the corporate firewall to archive SharePoint data and files, to create a suite of information management services.

Iron Mountain is building a on-site and cloud-based portfolio to manage information to the point where it is destroyed.

Mimosa Systems CEO T.M. Ravi will become chief marketing officer for Iron Mountain Digital.