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Iron Mountain Planning Investments in E-Discovery

By Brad Jenkins

BANGALORE (Reuters) - Iron Mountain Inc (IRM.N), which provides information protection and storage services, is eyeing firms with expertise in electronic discovery as it plans to expand in the fast-growing litigation support services market.

"It is an area we intend to invest very aggressively," Chief Executive Bob Brennan told Reuters in an interview.

E-discovery helps firms gather, restore, search, organize and deliver electronic data for using it as evidence in litigation, internal investigations and regulatory inquiries.

An increasingly litigious society, a growing number of federal, state and industry regulations, and the requirement for more information are the key trends helping e-discovery to grow, Brennan said.

"We believe it will be quite a large market opportunity for us for a long time," said Brennan.

Boston, Massachusetts-based Iron Mountain entered the e-discovery market in 2007 by acquiring privately held Stratify. In 2008, revenue from the unit rose more than 30 percent.

Full post as published by Litigation support industry business news and information on March 19, 2009 (boomark / email).