Last $38.60 USD
Change Today +1.43 / 3.85%
Volume 2.6M
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As of 8:04 PM 12/17/14 All times are local (Market data is delayed by at least 15 minutes).

iron mountain inc (IRM) Snapshot

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12/1/14 - $39.34
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iron mountain inc (IRM) Details

Iron Mountain Incorporated, together with its subsidiaries, provides storage and information management services primarily in North America, Europe, Latin America, and the Asia Pacific. The company offers records and information management services, including flexible retrieval access, retention management, and records management program development and implementation based on best practices to help customers comply with specific regulatory requirements and policy-based programs; document management solutions, which help organizations gain access to and control over, their paper records by digitizing, indexing, and hosting them in online archives to provide information lifecycle solutions; and specialized services for vital records and regulated industries. It also provides data management services, such as the secure handling and transportation of data backup media for fast and efficient data recovery in the event of a disaster, human error, or virus, as well as disaster preparedness, planning, and support; and technology escrow services to protect and manage source code and other proprietary information. In addition, the company offers information destruction services that primarily consist of physical secure shredding operations; and sells resultant waste paper to third-party recyclers. Further, it provides fulfillment services that store marketing literature and other materials for its customers; and assemble custom marketing packages and orders, and manage and provide reporting on customer marketing literature inventories, as well as professional consulting services to develop and implement storage and information management programs. Iron Mountain Incorporated serves commercial, legal, banking, health care, accounting, insurance, entertainment, and government organizations. The company was founded in 1951 and is headquartered in Boston, Massachusetts.

19,500 Employees
Last Reported Date: 02/28/14
Founded in 1951

iron mountain inc (IRM) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $1.2M
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $357.7K
President of Iron Mountain International
Total Annual Compensation: $687.5K
Executive Vice President of Strategy & Talent
Total Annual Compensation: $401.8K
Compensation as of Fiscal Year 2013.

iron mountain inc (IRM) Key Developments

Iron Mountain Calls a Portion of 8-3/8% Subordinated Notes Due 2021 for Redemption

Iron Mountain Inc. announced that it has called for redemption $306 million of the aggregate principal amount outstanding of its $412 million 8-3/8% Senior Subordinated Notes due 2021, in accordance with the Indenture governing these notes. The redemption date for the 2021 Notes will be December 30, 2014. The 2021 Notes will be redeemed at a redemption price of $1,041.88 for each $1,000 principal amount of notes redeemed, plus accrued and unpaid interest to but excluding December 30, 2014. The company expects to draw U.S. Dollars under its revolving credit facility to finance the redemption.

Suffolk University Selects Iron Mountain Incorporated for Data Center Colocation and Networking Services

Iron Mountain Incorporated announced it has signed a multi-year colocation agreement with Suffolk University. Because both the production and disaster recovery data center deployments were in one facility on campus, Suffolk University’s IT organization decided to revisit their strategy early in 2014. They needed an off-premise solution for disaster recovery and decided that data center colocation was the best option. This solution provided Suffolk University with geographical diversity in a purpose-built data center with 24x7 operations and security to safeguard their infrastructure. Iron Mountain’s data center is Tier III- certified for both design and construction and holds a LEED Gold certification, providing a resilient and energy-efficient environment. True to Iron Mountain’s dedication to security and compliance, the data center also helps organizations adhere to stringent industry requirements on the storage and management of information, especially in highly regulated industries such as healthcare, finance and education. Complementing the secure and compliant data center colocation, Iron Mountain provides customers with a suite of comprehensive services for the management of their data center colocation, including total network services, tape handling, infrastructure management, compliant IT asset tracking, disposition and more.

Iron Mountain Incorporated Announces Resignation of Anne S. Drapeau, Executive Vice President, Strategy and Talent, Effective March 17, 2015

On December 1, 2014, Anne S. Drapeau, executive vice president, strategy and talent of Iron Mountain Incorporated and a named executive officer of the company, informed the company of her decision to resign effective March 17, 2015. Ms. Drapeau's decision to resign was based on her acceptance of an operating partner position with Bain Capital, LLC. Ms. Drapeau will continue in her role while the company conducts a search for her replacement.


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