Iron Mountain to acquire Stratify

Iron Mountain has signed a definitive agreement to acquire Stratify for approximately $158 million in cash. Iron Mountain reports the move will enhance its suite of e-discovery 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.

As a division of Iron Mountain Digital, Stratify will continue to provide its 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. The Stratify Legal Discovery service enables organizations to drive down the total cost of review by providing in-house and outside counsel with a comprehensive, easy-to-use, high-productivity review and analysis solution.