Iron Mountain Buys Fontis International

(RTTNews) - Iron Mountain Inc. (IRM) said Thursday that it has bought Fontis International of Denver, Colorado, a provider of a cloud-based subscription service for records retention guidelines.

Iron Mountain will now offer unique capabilities for continuously updating retention schedules that can be distributed in a fully-automated manner. Fontis' offering helps organizations better manage the storage and destruction lifecycle of their records according to industry and geographic laws and regulations, enabling compliance and legal defensibility for their information management programs.

As part of the acquisition, Fontis' President Steve Formica and Chief Technology Officer Matt Hillery will join Iron Mountain to lead sales and product development for that service and technology-based offering.

Additional terms of the deal were not disclosed.