Iron Mountain Inc

Real Estate
$75.36
+1.36(1.84%) 1D
1D
1W
1M
1Y
3Y
5Y

Performance

Open PricePrev. CloseVolumeAvg. Volume
$73.61$74.001,403,0811,413,471

Fundamentals

Market Cap$22.02B
P/B Ratio104.1
P/E Ratio119.6
Enterprise Value$36.29B
Div. Yield3.51%
Book Value0.90
EPS(TTM)0.31
ROENA
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About the Company

Iron Mountain Inc. is an Enterprise Information Management (EMI) services company. It was founded by Herman Knaust in 1951 as Iron Mountain Atomic Storage Corporation. Knaust was influenced by the Cold War and the general anxiety concerning atomic security. East River Savings Bank was the company’s first customer. It opened the first above-ground storage facility for records in 1978. Iron Mountain set shop in New England in 1980 to provide storage facilities for computer backup data. In 1996, its shares began trading on the NASDAQ Stock Exchange under the ticker symbol of IMTN. Later in 1999, the company moved to the New York Stock Exchange (NYSE) under the symbol of IRM. IRM shares are a component of the S&P 500 index. IRM stocks are also a member of the FTSE4Good index. The company is headquartered in Boston, Massachusetts, United States. It operates through several business segments, namely: Digital Services, Cloud Storage and Migration, Secure Shredding and IT Asset Disposition, Secure Storage, and Logistics. Since its inception, it has continued to grow and expand its business operations through a number of acquisitions. In 2000, it purchased Pierce Leahy Corp., the second-largest records management company at the time, in a transaction of approximately $1.1 billion. IRM acquired Connection Corporation, a leading online backup and data protection company, for a purchase price of $117 million. With this transaction, Iron Mountain Inc. formed the business unit, Iron Mountain Digital. Another key acquisition followed in 2006 when IRM bought-off DigiGuard, a market leader of data production services in New Zealand and Australia. Its latest acquisition took place in 2014 when it bought-off Securit Records Management for $29 million. As of 2021, Iron Mountain Inc. stands as an industry leader in storage and information management services. It has an international base of 230,000 customers in over 50 countries. The company also offers storage and information management services to a majority of the company’s on the list of Fortune 500. Forbes included Iron Mountain Inc. in its list of America’s Best Employers By State 2020.;
OrganisationIron Mountain Inc
IndustryREIT—Specialty
HeadQuartersBoston, MA

Company Financials

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