Iron Mountain Enters African Market with Purchase of Controlling Interest in Docufile South Africa
Company continues to execute on strategy to expand presence in emerging markets
BOSTON – April 21, 2016 — Iron Mountain Incorporated®, the storage and information management company, today announced it has entered the African market with the purchase of a controlling interest in Docufile South Africa, the largest privately owned records management company in South Africa. Iron Mountain purchased 75 percent of Docufile and has taken over the day-to-day operations, with the two companies jointly driving business development in South Africa.
Founded in 1998, Docufile has nine facilities and more than two million cubic feet of storage in South Africa and Lesotho, including Johannesburg, Pretoria, Durban and Cape Town, and provides services in Port Elizabeth, East London, Bloemfontein and Nelspruit. Its solutions cover the full information life cycle, from records creation to destruction, and include records management and storage; document imaging and scanning; off-site data storage and hosting; file tracking software; online data backup and restoration; secure shredding; archiving stationary; and training and consulting.
“Our investment in Docufile aligns with our stated objective for expanding our international footprint and establishing a presence in key regions like Africa,” said Marc Duale, President International for Iron Mountain. “When looking for an entry point in new markets, we look to acquire or invest in established local companies that share our belief in delivering service to customers with the highest levels of security and trust. We look forward to maintaining that high standard with Docufile’s roster of 900 customers while also establishing a local base of operations for our global customers in South Africa, as well as new regional customers.”
With this acquisition and Iron Mountain’s recent purchase of Archyvu Sistemos in The Baltics, the company now operates in 41 countries and on six continents, expanding its global presence into fast-growing emerging international markets.
About Iron Mountain
Iron Mountain Incorporated (NYSE: IRM) is a leading provider of storage and information management services. The company’s real estate network of more than 69 million square feet across more than 1,100 facilities in 37 countries allows it to serve customers around the world. And its solutions for records management,data management,document management, and secure shredding help organizations to lower storage costs, comply with regulations, recover from disaster, and better use their information. Founded in 1951, Iron Mountain stores and protects billions of information assets, including business documents, backup tapes, electronic files and medical data. Visit www.ironmountain.com for more information.