SHARE
Facebook X Pinterest WhatsApp

Autonomy Buys Iron Mountain’s Digital Storage Business for $380 Million

Iron Mountain has committed to refocusing itself on its 60-year-old core business, storage and protection of physical media and other property, and is getting out of the digital storage business. U.K.-based Autonomy, a fast-growing, multifaceted IT company, reported May 16 that it will acquire Iron Mountain’s digital archiving, e-discovery and online backup business for $380 […]

May 17, 2011
Channel Insider content and product recommendations are editorially independent. We may make money when you click on links to our partners. Learn More

Iron Mountain has committed to refocusing itself on its 60-year-old core business, storage and protection of physical media and other property, and is getting out of the digital storage business.

U.K.-based Autonomy, a fast-growing, multifaceted IT company, reported May 16 that it will acquire Iron Mountain’s digital archiving, e-discovery and online backup business for $380 million in cash.

The move propels Autonomy, which mostly has been known within the business and legal communities for its widely deployed and respected analytics and e-discovery systems, into the mix as one of the world’s top 10 data protection providers.

Fifteen-year-old Autonomy, founded as a result of research and development at Cambridge University, said it expects the deal to increase its revenue by about $135 million per year.

Boston-based Iron Mountain, well known for its information management services and heavily secured under- and above-ground vaults that house everything from government and enterprise cold-storage documents to Hollywood movies, artworks and personal valuables, will be turning over digital files and data of about 6,000 customers to Autonomy. IMD has about 6PB (petabytes) of data currently under its management.

As a result of the transaction, Autonomy will continue to support Iron Mountain’s existing customers with IM’s Connected backup service, which it said will be offered to existing Autonomy customers.

For more, read the eWEEK article: Autonomy Acquires Iron Mountain’s Digital Storage Businesses for $380M.

Recommended for you...

Manny Rivelo on Evolving Channel & How MSPs Can Get Ahead
Victoria Durgin
Aug 20, 2025
Databricks Raises at $100B+ Valuation on AI Momentum
Allison Francis
Aug 20, 2025
Keepit Achieves SOC 2 Type 1 & Canadian Ingram Micro Deal
Jordan Smith
Aug 20, 2025
AI Customer Service Fails to Satisfy Consumer Needs: Verizon
Franklin Okeke
Aug 19, 2025
Channel Insider Logo

Channel Insider combines news and technology recommendations to keep channel partners, value-added resellers, IT solution providers, MSPs, and SaaS providers informed on the changing IT landscape. These resources provide product comparisons, in-depth analysis of vendors, and interviews with subject matter experts to provide vendors with critical information for their operations.

Property of TechnologyAdvice. © 2025 TechnologyAdvice. All Rights Reserved

Advertiser Disclosure: Some of the products that appear on this site are from companies from which TechnologyAdvice receives compensation. This compensation may impact how and where products appear on this site including, for example, the order in which they appear. TechnologyAdvice does not include all companies or all types of products available in the marketplace.