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Between the Lines

Larry Dignan, Andrew Nusca and Rachel King

Iron Mountain buys Mimosa Systems

By | February 22, 2010, 6:34am PST

Summary: Iron Mountain is picking up Mimosa Systems in a deal worth $112 million.

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.

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Larry Dignan is Editor in Chief of ZDNet and SmartPlanet as well as Editorial Director of ZDNet's sister site TechRepublic.

Disclosure

Larry Dignan

Larry Dignan has nothing to disclose. He doesn’t hold investments in the technology companies he covers.

Biography

Larry Dignan

Larry Dignan is Editor in Chief of ZDNet and SmartPlanet as well as Editorial Director of ZDNet's sister site TechRepublic. He was most recently Executive Editor of News and Blogs at ZDNet. Prior to that he was executive news editor at eWeek and news editor at Baseline. He also served as the East Coast news editor and finance editor at CNET News.com. Larry has covered the technology and financial services industry since 1995, publishing articles in WallStreetWeek.com, Inter@ctive Week, The New York Times, and Financial Planning magazine. He's a graduate of the Columbia School of Journalism and the University of Delaware.

For daily updates, follow Larry on Twitter.

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RE: Iron Mountain buys Mimosa Systems
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