Feeds

Autonomy engulfs 5-petabyte Iron Mountain cloud

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

5 things you didn’t know about cloud backup

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. ®

5 things you didn’t know about cloud backup

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.
Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise 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?