(E-Business) Iron Mountain eyes deals in e-discovery business – Reuters

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. Iron Mountain generates strong free cash flow from a largely recurring revenue base, which helps to fund acquisitions, and the digital market continues to be an area it is targeting, analyst Wirth said. Iron Mountain has spent about $300 million on acquisitions in the last five years, the largest being the $158 million deal for Stratify, according to Reuters Data. Thomson Reuters is the world’s largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters. read more

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