Iron Mountain Incorporated is a data processing, records management, and data backup, destruction, and recovery services company headquartered in Boston, Massachusetts.
Herman Knaust made his fortune growing and marketing mushrooms. In 1936 he purchased a depleted iron ore mine and 100 acres of land in Livingston, New York, in order to have more space to grow the mushrooms. He named this piece of land “Iron Mountain.”
In 1951 Knaust saw a business opportunity: to protect corporate information from nuclear attack and other disasters during the Cold War. The company’s first customer was the East River Savings Bank, which made microfilm copies of deposit records and duplicate signature cards and brought them in armored cars for storage in the mountain facility.
In 1978 the company opened its first above-ground storage facility.
From 1980 to 2007 Iron Mountain grew through acquisitions, with revenue increasing from $3 million in 1981 to $2.7 billion in 2007.
Today Iron Mountain has 155,000 corporate clients in North America, Europe, Latin America, and Asia.
Iron Mountain trades publicly on the New York Stock Exchange under the symbol IRM, is a member of the S&P 500, is #712 in the Fortune 1000, has 19,500 employees, and had $3.03 billion in revenue in 2013.
Iron MountainIron Mountain Incorporated is a data processing, records management, and data backup, destruction, and recovery services company headquartered in Boston, Massachusetts.
Herman Knaust made his fortune growing and marketing mushrooms. In 1936 he purchased a depleted iron ore mine and 100 acres of land in Livingston, New York, in order to have more space to grow the mushrooms. He named this piece of land “Iron Mountain.”
In 1951 Knaust saw a business opportunity: to protect corporate information from nuclear attack and other disasters during the Cold War. The company’s first customer was the East River Savings Bank, which made microfilm copies of deposit records and duplicate signature cards and brought them in armored cars for storage in the mountain facility.
History
In 1978 the company opened its first above-ground storage facility.
From 1980 to 2007 Iron Mountain grew through acquisitions, with revenue increasing from $3 million in 1981 to $2.7 billion in 2007.
Today Iron Mountain has 155,000 corporate clients in North America, Europe, Latin America, and Asia.
Iron Mountain trades publicly on the New York Stock Exchange under the symbol IRM, is a member of the S&P 500, is #712 in the Fortune 1000, has 19,500 employees, and had $3.03 billion in revenue in 2013.
