About A Leading MNC :
Iron Mountain continued to grow in the New York City market, expanding beyond the original facility into a depleted limestone mine closer to the city. The empty mine was a natural place to build an underground storage facility. Iron Mountain was now the premier vital records protection company.
Clients trusted the Company with their vital records and soon wanted Iron Mountain to store their high volume of paper records as well. In 1978 the Company opened its first aboveground records storage facility in New York to store and service paper records. It expanded beyond the New York City market in 1980, when it opened a site in New England to service the emerging need to protect backup computer data. In 1983, the Company expanded further in New England with the purchase of New England Storage Warehouse in Boston. This was Iron Mountain's first acquisition and it gave the Company a strong entry into the medical and legal records management markets in New England.
By then, Iron Mountain had accumulated all the product lines that are the foundation of the current company. The Company offered paper records storage and management services (including major operations in the medical and legal vertical markets), off-site data protection services, and vital records protection services in the New York and New England markets.
In 1988, Iron Mountain took a major step forward with the acquisition of Bell & Howell Records Management, Inc., a subsidiary of Bell & Howell Corporation and four times its size. Bell & Howell Records Management, then the industry leader, served 12 major U.S. markets, none of which were being served by Iron Mountain. As a result of that acquisition, Iron Mountain became the first national service provider in the industry.
The focus was on internal expansion and the Company grew to exceed $100 million of annual revenues in 1995. By then the stage was set for the records management industry to consolidate. In February 1996, Iron Mountain became a public company, raising capital, in part to initiate the consolidation.
A decade later, Iron Mountain celebrated its 10-year anniversary as a public company. Along the way, the company significantly grew revenue, its geographic footprint and portfolio of services.
Today, the Company stands as the industry leader in developing new solutions to meet its customers' changing needs, and expects to manage the current media forms (paper, film, magnetic, etc.) for many years to come. In addition, the Company offers new solutions to leverage emerging digital technologies, which create new challenges for customers.
With 2009 revenue of $3 billion and the broadest service platform serving the most global markets, Iron Mountain is the “world's trusted partner for information protection and storage services.” Herman Knaust displayed great foresight in 1952 when he said...
