Readers ask: Who Owns Iron Mountain?

Who bought Iron Mountain?

On May 16, 2011, Iron Mountain decided to divest Iron Mountain Digital, which was acquired by the British enterprise search and knowledge management firm Autonomy corporation for $380 million.

Is Iron Mountain a corporation?

Publicly traded on the NYSE under IRM, Iron Mountain is an S&P 500 company and a member of the Fortune 1000 (currently ranked: 619). Organizations in every major industry and of all sizes—including more than 95% of the FORTUNE 1000—rely on Iron Mountain as their information management partner.

How does Iron Mountain make money?

How does Iron Mountain make money? Iron Mountain Cashes in on Data Centers In addition, Iron Mountain can build data centers onsite and make data center facilities available to companies on a wholesale basis. The Iron Mountain Hyperscale Data Centers are designed to support the cloud.

What companies use Iron Mountain?

Some of the well-known companies who use Iron Mountain are Solabs, American Stock Transfer & Trust Company, SunGard Availability Services, and Woonstad Rotterdam.

Is Iron Mountain secure?

Iron Mountain secure shredding facilities are protected by perimeter access control, motion sensors, and break in detection. Every entrance is protected by dual security layers.

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Why is Iron Mountain stock going down?

The company has managed to grow its top line significantly in the last five years as sales grew by over 30% despite the pandemic year. The decline during the time of the pandemic was since as many office spaces were closed there was less demand for the company’s services such as record storage and document shredding.

Who is the CEO of Iron Mountain?

William Meaney is president and CEO of Iron Mountain, an information management and data center company and a member of the S&P 500, and serves as a director on the company’s board.

What happened to the Iron Mountain?

The Iron Mountain was a stern-wheeler that plied the Mississippi River for ten years until sinking in 1882. The ship ran aground and sank in 1882.

Is IRM a buy?

The Goldman Sachs Group is very positive about IRM and gave it a “Buy” rating on May 13, 2021. The price target was changed from $38.00 to $43.00.

Is Iron Mountain profitable?

The 3-year average annual revenue growth rate of Iron Mountain is -0.1%, which ranks in the middle range of the companies in REITs industry. The company’s financial condition is poor and its profitability is fair. Its growth ranks better than 77% of the companies in REITs industry.

What is inside Iron Mountain?

Iron Mountain’s “The Underground” is a secure information storage facility that lies 220 feet below ground in a massive, naturally protected former limestone mine. The Underground is the trusted repository for vital records of all types, including some of the world’s most valuable information.

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How much is iron climbing shredding?

Iron Mountain charges $10 per box if the company comes to your office and shreds there. They charge $99 for one bin and $40 for each additional bin if they pick it up and bring it to their location to shred. Some companies allow you to drop your documents off at their stores, which tends to cost less.

Who are Iron Mountain competitors?

Iron Mountain competitors include Carbonite, ARC Document Solutions, InfoPreserve and ThinAir.

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