Company Iron Mountain's Information Technology assets have been acquired by Autonomy.

Autonomy to Acquire IT Assets from Iron Mountain

In a significant move, Autonomy, a UK-based information management software provider, has announced its intention to acquire some IT-related assets from document storage company Iron Mountain. The acquisition, which is being made by Autonomy, headquartered in Cambridge, UK, involves the transfer of digital archiving, eDiscovery, and online backup and recovery services from Iron Mountain to Autonomy.

The specific cost of the acquisition is $380 million, according to the announcement. However, no further details about the specific assets being acquired were provided. The acquisition does not include Iron Mountain's technology escrow and medical records archive services.

The addition of Autonomy's IDOL dark server technology is expected to increase the efficiency of Iron Mountain's offerings. This technology indexes the content of servers in a more energy-efficient manner. No information was provided about any potential changes to the companies' workforces as a result of the acquisition.

Autonomy plans to identify $40 million of cost reduction opportunities in the coming year, though no details were provided about how these cost reductions will be achieved. Similarly, no information was given about the expected timeline for the acquisition or the potential impact of the acquisition on the market or the industry.

Active Iron Mountain Digital customers will continue to be supported without disruption following the acquisition. It's worth noting that the CEO of Autonomy who expressed the intention to acquire IT assets from Iron Mountain is not explicitly named in the search results available.

In conclusion, Autonomy's acquisition of IT assets from Iron Mountain marks a strategic move for both companies. While details about the cost reduction opportunities, timeline, and potential impact on the market are yet to be disclosed, the addition of Autonomy's IDOL dark server technology is expected to enhance the efficiency of Iron Mountain's offerings. The acquisition is set to bring about changes in the digital archiving, eDiscovery, and online backup and recovery services sectors.

Company Iron Mountain's Information Technology assets have been acquired by Autonomy.