Iron Mountain Inc., vendor of storage and information management services, announced on Tuesday acquisition of Lane Archive Technologies in the Philippines, expanding the company's presence in the country.
The acquisition will add eight facilities in Manila, Davao and Cebu to Iron Mountain's existing Philippine operations, delivering records management, data management, document management and secure destruction to nearly 1,000 customers.
Iron Mountain stores and protects billions of valued assets, including critical business information, highly sensitive data, and cultural and historical artifacts. Providing solutions that include information management, digital transformation, secure storage, secure destruction, as well as data centers, cloud services and art storage and logistics, Iron Mountain helps customers lower cost and risk, comply with regulations, recover from disaster, and enable a more digital way of working.
Founded in 1987, Lane Archive Technologies offers records and data management services, along with document management and secure destruction, to its customer base throughout the Philippines. Based in Manila, Lane has operations throughout the country and delivers information management services to a variety of customers.
"The acquisition of Lane Archive Technologies is a key milestone for our Philippines business, significantly expanding our operations in Manila and adding talented members of the Lane team," said Peter Hwang, managing director, Iron Mountain Asia. "With operations in the country's major business and commercial centers, we are adding scale and availability for our local and regional business, as well as our international customers with operations in the Philippines. This strengthens our in country presence while building upon the high levels of service that our customers expect for their information management needs."
"The acquisition of Lane Archive Technologies continues our strategy of expanding our presence in markets like the Philippines, where the move to digital transformation, coupled with the opportunity for records and information management outsourcing, is significant and growing," said Ernest Cloutier, executive vice president and general manager, International for Iron Mountain. "In these markets, our blend of expertise and technology relationships positions us to take advantage of those opportunities through the acquisition of leading local service providers that share our commitment to the highest levels of service delivery, security and trust. We can support our local and global customers while enhancing returns as we integrate these companies into our regional business, and ensuring we can capitalize on these trends."
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