Asia Pacific (APAC) continues to be a hot bed of activity with global companies increasingly showing their interest in the thriving region.
One of the latest is Iron Mountain, with the global storage and information management services company announcing this week that it has completed the acquisition of Philippines information management company Lane Archive Technologies.
This acquisition will strengthen Iron Mountain's presence in the Philippines with the addition of eight data centers in Manila, Davao, and Cebu to its existing operations. The facilities will be used to deliver records management, data management, document management, and secure destruction to almost 1,000 customers.
"The acquisition of Lane Archive Technologies is a key milestone for our Philippines business, significantly expanding our operations in Manila and adding talented members of the Lane team," says Iron Mountain Asia managing director Peter Hwang.
"With operations in the country's major business and commercial centres, we are adding scale and availability for our local and regional business, as well as our international customers with operations in the Philippines. This strengthens our in-country presence while building upon the high levels of service that our customers expect for their information management needs."
Lane Archive Technologies was founded in 1987 to serve its customer base throughout the Philippines. The company is based Manila and has operations across the country in delivering information management services to a diverse range of customers.
"The acquisition of Lane Archive Technologies continues our strategy of expanding our presence in markets like the Philippines, where the move to digital transformation, coupled with the opportunity for records and information management outsourcing, is significant and growing," says Iron Mountain executive vice president and general manager Ernest Cloutier.
“In these markets, our blend of expertise and technology relationships positions us to take advantage of those opportunities through the acquisition of leading local service providers that share our commitment to the highest levels of service delivery, security and trust. We can support our local and global customers while enhancing returns as we integrate these companies into our regional business, and ensuring we can capitalise on these trends."