Feeds

Autonomy engulfs 5-petabyte Iron Mountain cloud

It's an iron, mountainous cloud. Deal with it

Next gen security for virtualised datacentres

Autonomy is paying $380m for Iron Mountain's archiving and online backup business.

The Cambridge-based company said the purchase showed the truth of its prediction of the merging of regulatory archiving and search functions for businesses.

The deal adds five petabytes of company data and 6,000 customers to Autonomy's cloud business - which now runs 25 petabytes of data from 25,000 customers.

Autonomy gets Iron Mountain's eDiscovery business, online backup and recovery. The medical records archive and escrow service are not included.

Customers of Active Iron Mountain Digital will continue to be supported.

Autonomy will spend about $10m on integration costs in the next two quarters. It expects the deal to slightly dilute earnings this year before improving them in 2012.

The markets seem to like the deal - Autonomy shares are up 5.5 per cent this morning.

Autonomy's statement on the Iron Mountain deal is here. ®

The essential guide to IT transformation

More from The Register

next story
The Return of BSOD: Does ANYONE trust Microsoft patches?
Sysadmins, you're either fighting fires or seen as incompetents now
Microsoft: Azure isn't ready for biz-critical apps … yet
Microsoft will move its own IT to the cloud to avoid $200m server bill
Death by 1,000 cuts: Mainstream storage array suppliers are bleeding
Cloud, all-flash kit, object storage slicing away at titans of storage
US regulators OK sale of IBM's x86 server biz to Lenovo
Now all that remains is for gov't offices to ban the boxes
Oracle reveals 32-core, 10 BEEELLION-transistor SPARC M7
New chip scales to 1024 cores, 8192 threads 64 TB RAM, at speeds over 3.6GHz
VMware vaporises vCHS hybrid cloud service
AnD yEt mOre cRazy cAps to dEal wIth
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
7 Elements of Radically Simple OS Migration
Avoid the typical headaches of OS migration during your next project by learning about 7 elements of radically simple OS migration.
BYOD's dark side: Data protection
An endpoint data protection solution that adds value to the user and the organization so it can protect itself from data loss as well as leverage corporate data.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?