LONDON, July 16 /PRNewswire/ -- Iron Mountain Incorporated (NYSE: IRM), the global leader in information
protection and storage services, has established its first presence in the
Greek market with the acquisition of a minority interest in SafeDoc, an
Athens-based records and information management company. The company will
operate as a joint venture with Iron Mountain holding options to acquire
further shares in the company over the next five years. Iron Mountain has
options to acquire further shares in the company.
The joint venture establishes Iron Mountain's presence in the
economically thriving Greek market which represents an important strategic
market as Iron Mountain expands its services across Europe to cater to the
needs of its global clients. With the expansion to Greece, Iron Mountain now
operates in 36 countries across five continents. SafeDoc has been operating
in Greece since 2002 and runs a state of the art records center in the
Aspropirgos area of Athens.
"SafeDoc has a customer-centric business philosophy, which makes it an
excellent match for Iron Mountain. As the industry leader in Greece, SafeDoc
offers excellent services according to international industry standards,"
said Edward D. Prittie, Senior Vice President for Iron Mountain Europe. "We
are very pleased with this partnership and we believe that our extensive
industry experience and strong global customer base gives us an edge to
accelerate growth in this important region."
Costas Stamboulopoulos, SafeDoc's Managing Director, noted that this
venture marks the entry into a new era of entrepreneurial activities for the
company. "Our collaboration with Iron Mountain will allow us to further
enhance our records management expertise, and enable us to offer an even
wider range of sophisticated records and information management products and
services, to a larger number of customers."
SafeDoc's existing services include registration and indexing of records;
document retention consulting; document storage; document retrieval and
delivery on request; and confidential data destruction services. Its
customers include banks, insurance companies, hospitals and public sector
organizations.
About Iron Mountain:
Iron Mountain Europe is a subsidiary of Iron Mountain Incorporated
(NYSE:IRM), the global leader in information protection and storage services.
Iron Mountain Europe services 56 markets within 18 countries across Europe.
For further information, visit: http://www.ironmountain.co.uk. Iron Mountain
helps organizations around the world reduce the costs and risks associated
with information protection and storage. The company offers comprehensive
records management and data protection solutions, along with the expertise
and experience to address complex information challenges such as rising
storage costs, litigation, regulatory compliance and disaster recovery.
Founded in 1951, Iron Mountain is a trusted partner to more than 100,000
corporate clients throughout North America, Europe, Latin America and the
Pacific Rim. The company currently employs more than 18,000 staff worldwide
and generated sales of US$2.4 billion in 2006.
Website: www.ironmountain.co.uk
Iron Mountain Inc.
Contact Information: Claire Galbois-Alcaix, Marketing Communications Manager, Iron Mountain Europe, Email: cga@ironmountain.co.uk, Tel: +44-(0)20-7939-1500
