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...

Scanning Patent Troll Update

Earlier this month we posted about the patent trolls that were sending out letters demanding $1,000 for every employee for patent violation. The claim is they own the idea of scanning a document and then emailing it. Since this is standard practice in an office the business should pay...

Brambles to Spin Off Recall

Brambles has announced plans to spin off its Recall division into a new company that will be call Recall Holdings Ltd. The new company will be listed on the Australian Securities Exchange. Share holders of Brambles will receive one share of the new company for every share of Brambles...

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...

Niagara Document Storage

Niagara County has purchased a new building to house the counties records. The new structure replaces a building with water problems. The 28,000 sqft facility will lease the building for $124,600 per year. The facility will include the climate control required by New York State Law for document management....

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...