Wednesday, October 31, 2007

Stratify acquired by Iron Mountain

I was thrilled to wake up this morning to hear the news that Stratify has been acquired by Iron Mountain! From the press release:

Iron Mountain Incorporated (NYSE: IRM), the global leader in information protection and storage services, today announced the signing of a definitive agreement to acquire Stratify, Inc. for approximately $158 million in cash. Stratify, a leader in advanced electronic discovery services for the legal market, offers in-depth discovery and data investigation solutions for AmLaw 200 law firms and leading Fortune 500 corporations. With this acquisition, Iron Mountain augments its suite of eDiscovery services, providing businesses with a complete, end-to-end Discovery Services solution that efficiently manages paper and digital information for discovery and data investigations, compliance and associated records management, and litigation matters.

That's a really handsome price and I am so thrilled for Ramana, George, Joy, Meena, Hakan, and the rest of the team who worked so hard for 8 year to make this a success! Congratulations!


AV said...

Purple yogi goes to iron mountain!

Great news and congrats to all involved throughout the process!

Read a detailed commentary on Bill Burnham's blog - in case you missed it, here it is:


AV said...

Darn, forgot my punchline ...

... or did the Mountain come to the Yogi?


Pandu Nayak said...

I suspect the Mountain actually *did* come to the Yogi in this case!

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