![]() View source version on businesswire.This has not been by happenstance. Except as required by law, Iron Mountain undertakes no obligation to release publicly the result of any revision to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. You should not rely upon forward-looking statements except as statements of Iron Mountain's present intentions and of its present expectations, which may or may not occur. Other risks described more fully in our filings with the Securities and Exchange Commission, including under the caption "Risk Factors" in our periodic reports or incorporated therein. ![]() In addition, important factors that could cause actual results to differ from Iron Mountain's expectations include, among others Iron Mountain's ability to close the proposed transaction in accordance with its terms, the risk that the conditions to completing the transaction will not be satisfied on a timely basis or at all and risks that we may not through the joint venture be able to achieve the expectations for the business and value based on challenges with the operations, risks in the market or gain the ownership or control we expect. ![]() Although Iron Mountain believes that its forward-looking statements are based on reasonable assumptions, Iron Mountain's expected results may not be achieved, and actual results may differ materially from its expectations. When Iron Mountain uses words such as "believes," "expects," "anticipates," "estimates" or similar expressions, it is making forward-looking statements. These forward-looking statements are subject to various known and unknown risks, uncertainties and other factors. Forward-looking statements include, but are not, limited to the anticipated closing of the transaction. Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995: This release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other securities laws and is subject to the safe-harbor created by such Act. To learn more about Iron Mountain, please visit: and follow on Twitter and LinkedIn Through a range of services including digital transformation, data centers, secure records storage, information management, secure destruction, and art storage and logistics, Iron Mountain helps businesses bring light to their dark data, enabling customers to unlock value and intelligence from their stored digital and physical assets at speed and with security, while helping them meet their environmental goals. Founded in 1951 and trusted by more than 225,000 customers worldwide, Iron Mountain helps customers CLIMB HIGHER™ to transform their businesses. Iron Mountain Incorporated (NYSE: IRM) is the global leader in innovative storage and information management services, storing and protecting billions of valued assets, including critical business information, highly sensitive data, and cultural and historical artifacts. The transaction is expected to close in early June 2021, subject to customary closing conditions, including the approval of NCC’s shareholders. Hytinen, Executive Vice President and Chief Financial Officer of Iron Mountain.įor the year ended December 31, 2020, IPM represented revenue and Adjusted EBITDA of approximately $33 million and $22 million, respectively. It will represent another source of capital to fund our strategic growth areas, including our data center development pipeline,” said Barry A. “The transaction is consistent with our capital allocation strategy. The divestiture of the IPM business aligns with Iron Mountain’s strategy to focus on its core strengths and invest in innovative new products, services and solutions to better position the company for future growth. All of the assets associated with IPM will be sold to NCC for gross proceeds of $220 million, or approximately $165 million, net of taxes and fees, subject to adjustments. Iron Mountain Incorporated (NYSE: IRM), the global leader in innovative storage and information management services, today signed an agreement to sell its Intellectual Property Management (“IPM”) business to NCC Group (“NCC”), a publicly listed software escrow and cyber security company, located in the UK.
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