Managed backup, recovery heats up.

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  • Additional Information
    • Subject Terms:
      UNITED States
    • Subject Terms:
      IRON Mountain Inc. IRM; LIVEVAULT Corp. 801880147
    • Abstract:
      The article discusses the growth of the market for managed back-up and recovery services in the U.S. Iron Mountain Inc.'s acquisition of LiveVault Corp. contributed to the growth of the market. Many companies are planning to outsource some of the undifferentiated storage tasks, which include backup and archiving. Iron Mountain's acquisition adds strength to its InSync managed back-up and recovery service. Iron Mountain's revenue from managed back-up services increased 20%, gaining $84 million. According to data protection software and services firm NSI Software CEO Dean Goodermore, consolidation in the market is expected.