BOSTON & MOUNTAIN VIEW USA: Iron Mountain Inc., a global leader in information protection and storage services, has signed a definitive agreement to acquire Stratify, Inc. for approximately $158 million in cash.
Stratify, a leader in 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.
As the risks and volume of litigation and regulatory investigations continue to grow, so do the complexities associated with managing the exponential growth of information. In acquiring Stratify, Iron Mountain expands its core data protection and management capabilities by integrating Stratify's advanced service offerings that address discovery issues for both paper and digital records.
The acquisition enables Iron Mountain to directly help businesses minimize the risks of eDiscovery by simplifying the electronic discovery process to facilitate a secure chain of custody, increasing the accuracy and consistency of review, and enabling attorneys to easily identify and protect privileged documents during review.
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.
Stratify has consistently pioneered new electronic discovery capabilities including concept-based review, near-duplicate detection and visual email analytics that enable customers to achieve review rates that are significantly higher than in-house systems and other online review systems.
The Stratify Legal Discovery service provides attorneys a single review application for scanned paper and native electronic documents, securely managing documents through the entire discovery lifecycle. Stratify's complete feature support for European and complex, multi-byte languages such as Chinese, Japanese and Korean removes all barriers to in-depth eDiscovery for corporations active in today's expanding global economy.