Autonomy, the UK information management software provider, has announced its intention to acquire some IT-related assets of document storage company Iron Mountain.
The Cambridge-headquartered provider will pay $380 million for the assets, and plans to identify $40 million of cost reduction opportunities in the coming year.
The acquired assets include digital archiving, eDiscovery and online backup and recovery, but exclude Iron Mountain’s technology escrow and medical records archive services.
In a statement, CEO Mike Lynch remarked that the addition of Autonomy’s “IDOL dark server technology, which indexes the content of servers in a more energy efficient fashion, “will greatly increase the efficiency of [Iron Mountain’s] offering”.
"Active Iron Mountain Digital customers will continue to be supported without disruption," the company said.