Iron Mountain acquires Derby Records Management, expanding presence in UAE
dubai — Iron Mountain Incorporated (NYSE: IRM), the global leader in storage and information management services, announced the acquisition of Derby Records Management FZ LLC in Dubai, expanding the company’s presence and scale in the fast-growing Dubai market.
The acquisition of Derby Records Management will add two facilities and over 100 customers to Iron Mountain’s existing business. Derby will be the free zone arm of Iron Mountain UAE and will be part of the existing management.
“I am extremely excited to add the talented Derby team and highquality roster of clients to our existing Iron Mountain UAE business. This acquisition marks and important milestone in our strategic expansion plan for the UAE and the region,” said George Harfouch, managing director, Iron Mountain UAE. “Acquiring Derby’s operations provides us with the opportunity to strengthen our presence and serve both new and existing customers on a national and international basis. We look forward to maintaining the high levels of service that the Derby’s customers expect for their records management and information management needs.”
Derby Records Management is a leading provider of records management, document scanning and digitisation services, and secure destruction. Founded in 2010, the company is based in Dubai.
“We are committed to growing our business in the Middle East, and the acquisition of Derby Records Management furthers our strategy for expanding in the UAE,” said Ernest Cloutier, executive vice-president and general manager, International for Iron Mountain. “In the Middle East, we are aggressively working to capture the large and growing records and information management opportunity through a combination of strong commercial and operational execution, as well as through the acquisition of leading records management providers that share our commitment to best-inclass service delivery, trust and security. This enables us to support our local and global customers and ensure we are poised to make the most of the global trend of information management outsourcing.”