Iron Mountain
| Type: | Public |
| Industry: | Information Management |
| Founded: | 1951 |
| Founder(s): | Herman Knaust |
| Headquarters: | 745 Atlantic Ave. Boston, MA 02111 |
| Website: | Ironmountain.com |
Iron Mountain is an industry leader in the protection and storage of information, and works with both physical and electronic files. 97% of the companies generally listed on the Fortune 1000 use Iron Mountain as their information manager.[1]
Iron Mountain was selected by ICANN to function as its Registrar Data Escrow (RDE) agent in November, 2007.[2]
Business Scope and History
The company was started when Herman Knaust decided to market the old mine he had purchased to grow mushrooms in as a storage facility for important corporate documents.[3]
Iron Mountain now has more than 45 million sq. f.t of storage space in more than 1000 facilities in 37 countries.[4][5]
They have been growing and diversifying their business since going public in 1996, and they have acquired more than 100 companies throughout their company's history.[6] In 2001, they invested $25 million in their digital archiving business.[7] A year later they acquired Connected Corp. for $117 million and began pushing into the online data backup market.[8] Much of Iron Mountain's growth has been overseen by its CEO Richard Reese, who ran the company from 1981 until 2008; he was succeeded by Robert Brennan.[9] Brennan came to Iron Mountain via its acquisition of Connected Corp.