Mimosa Systems Acquired

By Stephanie Jordan
in

This week Iron Mountain announced that it has acquired Mimosa Systems  for $112 million USD. The company says the deal provides Iron Mountain with an integrated archive for email, SharePoint data and files, and gives the company an on-premises archiving option to complement its existing cloud-based archives.

Of the acquisition David Ferris of Ferris Research says: “The $112M valuation is a roughly 4.5 multiplier on sales. This is an excellent price for shareholders, especially in today’s climate. The goodwill generated toward Iron Mountain will help ease the trauma of a merger.” Ferris also suspects that Mimosa had been looking for a buyer for over a year and that with the acquisition Iron Mountain acquires a good-size customer pool.

In other acquisition news, Cloudmark announced last week that it has acquired Bizanga, Ltd. The company says that the Bizanga messaging platform uniquely complements Cloudmark solutions.

“The acquisition of Bizanga is part of our ongoing commitment to provide operators with the most advanced messaging solutions to address infrastructure and security demands,” says Hugh McCartney, chief executive officer of Cloudmark. “By integrating the industry’s best messaging security solution with the leading messaging platform, we can offer carriers a single-source messaging security solution for the entire infrastructure and continue to broaden our product offering with further innovations.” 

Published February 24, 2010