Did Iron Mountain Stray From Cloud Strategy In Mimosa Acquisition?
Today Iron Mountain announced the purchase of Mimosa systems. On the surface it seems like a rather strange purchase (it does not follow their strategy of cloud storage since Mimosa is an on-premise archiving solution), but here are a few thoughts on what they are trying to accomplish: Iron Mountain wants to leverage their new tier 3 storage product to backup Mimosa's data archive. So to tap into Mimosa's 1,000 customers, they will have the Mimosa archiving solution "backed up" to Iron Mountain using their Virtual File Store solution.
That is one hypothesis on Iron Mountain's rationale. It was the best I could come up with as I struggled to find logic behind Iron Mountain's decision to purchase the on-premise storage provider. I am sure others here at Sonian will have something to say about this deal so check back for more Iron Mountain-Mimosa posts.
Mimosa Systems provides an on-premise archiving system for email, SharePoint data, and files.
Iron Mountain provides data management solutions including protection, archiving, recovery, protection, and eDiscovery. Mimosa Systems will provide on-premises archiving solution to compliment Iron Mountain’s cloud-based information management systems.
From TechCrunch: With the acquisition of Mimosa, Iron Mountain gains 1000 more customers. Mimosa will be folded into Iron Mountain’s Total Email Management Suite. The president and CEO of Mimosa Systems, T. M. Ravi, will become chief marketing officer for Iron Mountain Digital. Since its launch in 2003, Mimosa has raised close to $50 million in venture funding.