News

3 Reasons Why Google Health Failed

  Google Health was Google’s attempt at entering the electronic health record playing field. However, the project fell flat when Google confirmed that it would stop funding the project in June 2011. While the personal health platform failed, it may be beneficial to look at why the project failed...

Iron Mountain Acquires Cornerstone Records

The big news in the records storage industry was the purchase of Cornerstone Records Management. The Elkridge, Maryland document storage business was purchased by Iron Mountain. Cornerstone had locations around the United States that provided records storage, document shredding, and tape rotation services. The transaction was valued at approximately $191...

Graycliff Partners Sell Document Storage Assets

Graycliff Partners has announced the sale of Information Storage Consolidation Company (ISCC) to Iron Mountain. Graycliff is a private equity group with offices in New York and Sao Paulo. ISCC was headquartered in Carrollton, Texas with locations throughout the Southern and Midwestern United States. They offered physical document storage along with paper shredding and...

Adams Data Management Acquired

Access Information Management has announced the acquisition of Adams Data Management. Adams Data Management is a division of The Adams Companies. They offered records storage from locations in Tucker and Gainesville. Adams was one of the largest providers or records information management services in Georgia. Access Information Management is...

Diversified Information Technologies Buys Building

Diversified Information Technologies (DIT) has purchased a 166,000 sq ft building in Enfield Connecticut. The building was used as an envelope plant by the prior owners. DIT plans to use the facility for its records storage operations. This is a clear example of the expansion of the records storage industry. DIT...

Retrievex Acquires Metropolitan Records Storage

Retrievex of Conshohocken, Pennsylvania has acquired Metropolitan Records Storage of Wilmington, Massachusetts. Metropolitan provided hardcopy and data vault storage to the New England area. The company was 20 years old. This is part of Retrievex’s goal of expansion through acquisition. They currently have locations along the East Coast, Cincinnati,...

Recall Acquires Shred-It Storage

Recall * has acquired the Shred-it * document storage business operating in the US. The sale signals a departure from Shred-its strategy to grow into new markets in the US. Shred-it President and CEO Vince De Palma said, “We have decided to divest our US records management business, redirecting...

CDI Vaults Acquired by Access Information

Access Information Management announced their acquisition of CDI Vaults. CDI Vaults offered records storage, tape vaulting and shredding services from their Eugene facilities. This provides Access Information Management with service in Oregon and represents their 22nd acquisition. [press release] This acquisition sheds light on the growth and consolidation of...

Red Flag Rule Added to FACTA

Enacted in 2003, The Fair and Accurate Credit Transactions Act, or FACTA, requires that all businesses, regardless of size or industry, protect and dispose of sensitive and personal data they collect about their customers. The Federal Trade Commission has issued new regulations to the Fair and Accurate Credit Transactions...