Processing .....please wait.. 
The article has been forwarded.... 
Ramana Venkata co-founded Stratify to be acquired for $158 Mn
By siliconindia
|
Friday, 02 November 2007, 19:30 IST
Mountain View, CA: Iron Mountain (NYSE: IRM), the global information protection and storage services company, has announced the signing of a definitive agreement to acquire Ramana Venkata co-founded Stratify for approximately $158 million in cash. Stratify, a provider advanced electronic discovery services for the legal market, offers in-depth discovery and data investigation solutions for AmLaw 200 law firms and leading Fortune 500 corporations.
With this acquisition, Iron Mountain augments its suite of eDiscovery services, providing businesses with a complete, end-to-end Discovery Services solution that efficiently manages paper and digital information for discovery and data investigations, compliance and associated records management, and litigation matters.
"With today's increased litigation and regulatory investigations, businesses are facing significant pains associated with the growing cost and complexity of discovery across tremendous volumes of discoverable information," said John Clancy, President of Iron Mountain Digital, the technology arm of Iron Mountain. "Stratify provides intuitive, advanced and efficient electronic discovery and data investigation services on the market today. By combining Stratify's advanced electronic discovery and investigation capabilities with Iron Mountain's data protection and records management solutions, we're providing our customers with the ability to meet their discovery requirements better, faster and more cost-effectively."
As a division of Iron Mountain Digital, Stratify will continue to provide its market-leading electronic discovery services and software to AmLaw 200, Fortune 500 and other firms for investigative, regulatory and litigation matters, augmented by Iron Mountain's scale and distribution. In addition, Iron Mountain customers will now be able to maximize their investment in Iron Mountain Digital's storage and data protection solutions by leveraging the capabilities of Stratify's solution integrated as a value-added service.