M&A Deal Summary

Iron Mountain Acquires LiveVault

On December 1, 2005, Iron Mountain acquired software company LiveVault for 50M USD

Acquisition Highlights
  • This is Iron Mountain’s 3rd transaction in the Software sector.
  • This is Iron Mountain’s 10th largest (disclosed) transaction.
  • This is Iron Mountain’s 7th transaction in the United States.
  • This is Iron Mountain’s 2nd transaction in Massachusetts.
Investment Fate
  • LiveVault was divested to a consortium of strategic buyers in 2015.

M&A Deal Summary

Date 2005-12-01
Target LiveVault
Sector Software
Buyer(s) Iron Mountain
Deal Type Add-on Acquisition
Deal Value 50M USD

Target

LiveVault

Marlborough, Massachusetts, United States
LiveVault Corp. is a provider of disk-based online server backup and recovery solutions for small and mid-size businesses and for corporations with remote offices.

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Buyer(S) 1

Buyer

Iron Mountain

Boston, Massachusetts, United States

Category Company
Sector Business Services
Employees28,850
Revenue 6.2B USD (2024)
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. Iron Mountain is based in Boston, Massachusetts.


DEAL STATS #
Overall 7 of 32
Sector: Software M&A 3 of 5
Type: Add-on Acquisition M&A Deals 5 of 25
State: Massachusetts M&A 2 of 2
Country: United States M&A 7 of 19
Year: 2005 M&A 1 of 1
Size (of disclosed) 10 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-10-12 Connected

Framingham, Massachusetts, United States

Connected Corp. is a provider of storage software for automated protection, archiving and recovery of distributed data. The company's powerful, yet easy-to-use solutions help customers protect and centrally manage data from desktop and laptop PCs, Windows servers and email systems, while eliminating costs and burdens associated with capturing and recovering highly distributed data. Customers range from mid-size businesses to more than 600 of the world's largest corporations, including Boeing, Deutsche Telekom, EDS, EMC, Hewlett-Packard, SAP, Schlumberger and Toyota. The company's solutions are offered as a subscription service or as licensed software.

Buy $117M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-06-13 DigiGuard

Australia

DigiGuard is a specialist provider of offsite data storage and IT risk mitigation. DigiGuard has serviced and implemented successful solutions for large and small regional and global companies and operates in 14 markets throughout Australia and New Zealand.

Buy -