Tags: Autonomy, ECM, Iron Mountain, Mimosa, Records Management
Some may have been surprised to see Iron Mountain selling it’s digital assets (read source code) for records management to Autonomy. But not if you were looking at the big picture it’s not a surprise. Well really it’s only the price tag that was a surprise. For what Iron Mountain bought Mimosa last year for $112 million and their Accutrac Software acquisition back in 2007 they just got $380 Million or a 300% return in one year. We’ve been pointing out that Autonomy has a billion dollar war chest, well $700 million now.
Will Iron Mountain be the First Content Cloud? February 22, 2010Posted by Marko Sillanpää in cloud, Content Management, ECM, Records Management, SaaS.
Tags: cloud, content cloud, content managment, ECM, eDiscovery, Iron Mountain, Mimosa, Records Management, SaaS
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Mimosa Systems acquisition by Iron Mountain was an interesting surprise. Interesting in that it brings the oldest records management company into the forefront of the latest in eDiscovery. Iron Mountain was started in 1950 when an abandoned iron mine in Kentucky was used to store bank records and is now located in over 39 countries. Mimosa Systems was started in 2005 focusing on eDiscovery. But what does this acquisition mean?