19 November 2007
Acquisition Expands Iron Mountain's Film and Sound Archive Services Portfolio
BOSTON (Nov. 19, 2007) – Iron Mountain Incorporated (NYSE: IRM), the global leader in information protection and storage services, today announced its acquisition of Xepa Digital, LLP, a leader in the conversion of analog and outmoded digital audio and video tapes to high resolution digital file formats for archiving and distribution. By acquiring Xepa Digital, Iron Mountain further extends its footprint in the film and sound industry.
“Iron Mountain and Xepa Digital focus on preserving and protecting companies' valued resources. In particular, both companies understand the need for the secure preservation of irreplaceable media assets specific to the entertainment industry,” said Jeff Anthony, vice president of Film & Sound Services, Iron Mountain. “Entertainment customers will have peace of mind knowing that their valuable assets will never have to leave the Iron Mountain facility for digital transfer and, therefore, won't be subject to potential loss or damage.”
As a trusted long-term partner for many entertainment companies, Iron Mountain preserves more than six million valuable analog audio tapes, including priceless masters. On-site digital conversion will allow customers to have their tapes digitized without ever leaving the facility in which they are stored and protected. Iron Mountain provides all of the major film studios and record labels preservation services, including long-term archiving, tape inspection and duplication services, film cleaning, meta-data cataloging services and much more.
Iron Mountain will retain former Xepa Digital employees, including the company’s three founders, Ken Caillat, Edwin Outwater and Claus Trebly. Veterans of the entertainment industry, the Xepa Digital principals will join Iron Mountain as studio executives responsible for the day-to-day operation of the bi-coastal business. Xepa Digital employs some of the industry’s most respected engineers and has been recognized with multiple Grammy nominations for its work.
“Xepa Digital is an established provider of services to preserve, protect and digitize original master audio and video assets for major players in the entertainment industry,” said Edwin Outwater, Xepa Digital managing partner. “This acquisition signals Iron Mountain’s clear understanding of the changing business models in the industry and its readiness to provide its customers with an end-to-end solution utilizing the newest access, storage and electronic-delivery systems available. Iron Mountain recognizes the need to safely and securely transfer original audio and video tapes to archival digital media and clearly has the reputation and resources to continue to provide top-notch services to our customers.”
About Iron Mountain
Iron Mountain Incorporated (NYSE:IRM) helps organizations around the world reduce the costs and risks associated with information protection and storage. The Company offers comprehensive records management and data protection solutions, along with the expertise and experience to address complex information challenges such as rising storage costs, litigation, regulatory compliance and disaster recovery. Founded in 1951, Iron Mountain is a trusted partner to more than 100,000 corporate clients throughout North America, Europe, Latin American and Asia Pacific.
For more information, visit the Company's Web site at www.ironmountain.com
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