M&A Deal Summary

Iron Mountain Acquires Data Securities International

On September 4, 1997, Iron Mountain acquired software company Data Securities International from DAG Private Equity for 18M USD

Acquisition Highlights
  • This is Iron Mountain’s 1st transaction in the Software sector.
  • This is Iron Mountain’s 13th largest (disclosed) transaction.
  • This is Iron Mountain’s 2nd transaction in the United States.
  • This is Iron Mountain’s 1st transaction in Texas.

M&A Deal Summary

Date 1997-09-04
Target Data Securities International
Sector Software
Buyer(s) Iron Mountain
Sellers(s) DAG Private Equity
Deal Type Add-on Acquisition
Deal Value 18M USD

Target

Data Securities International

Irving, Texas, United States
Data Securities International, Inc. (DSI), which was the leading provider of professionally-managed software escrow services in the U.S.

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Buyer(S) 1

Buyer

Iron Mountain

Boston, Massachusetts, United States

website


Category Company
Sector Business Services
Employees26,000
Revenue 5.1B USD (2022)
DESCRIPTION

Iron Mountain is a provider of storage and information management services. The Company provides a variety of solutions for records management, data management, document management, and secure shredding to help organizations lower storage costs, comply with regulations, and recover from disaster.


DEAL STATS #
Overall 2 of 32
Sector (Software) 1 of 5
Type (Add-on Acquisition) 1 of 25
State (Texas) 1 of 2
Country (United States) 2 of 19
Year (1997) 2 of 3
Size (of disclosed) 13 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1997-02-20 Safesite Records Management

Chantilly, Vermont, United States

Safesite is believed to be the nation's fourth largest records management company with operations in 14 U.S. markets.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1997-10-01 Record Masters

Northbrook, Illinois, United States

Record Masters outsourced the day-to-day medical records management function of a hospital, including records storage, purging, indexing, copying, and in certain cases codings.

Buy -

Seller(S) 1

SELLER

DAG Private Equity

San Francisco, California, United States

Investor

website


Category Private Equity Firm
Founded 1991
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

DAG Private Equity (“DAG PE”) is an private equity arm of Duff Ackerman & Goodrich LLC (DAG). DAG Private Equity invests its equity capital with strong management teams focused on building companies in well-defined, growing market niches in select industry segments – specialty manufacturing, communications, media, and information technology. DAG Private Equity was formed in 1991 and is based in San Francisco, California.


DEAL STATS #
Overall 2 of 12
Sector (Software) 1 of 1
Type (Add-on Acquisition) 1 of 7
State (Texas) 1 of 2
Country (United States) 2 of 11
Year (1997) 1 of 1
Size (of disclosed) 8 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1997-01-01 Triton Cellular Partners

Albany, Oregon, United States

Triton Cellular Partners LP is an investment vehicle for the acquisition of rural cellular telephony properties in the United States.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1998-02-18 The Burke Group

Atlanta, Georgia, United States

In 1996, DAG acquired The Burke Group which manufactured hardware and chemicals used in concrete construction. The company's cash flow went from negative to positive and the company was sold to MMI Products in 1998 for cash.

Sell -