Iron Mountain Sells IPM To NCC

Technology & Services

Iron Mountain sale of IPM business to NCC


Iron Mountain Incorporated (“Iron Mountain”) (NYSE: IRM), signed an agreement to sell its Intellectual Property Management (“IPM”) business to NCC Group plc. (“NCC”). All of the assets associated with IPM will be sold to NCC for gross proceeds of $220 million, or approximately $165 million, net of taxes and fees, subject to adjustments. The transaction is subject to various regulatory approvals and customary closing conditions.

Baird served as the lead financial advisor to Iron Mountain Incorporated on this transaction.


Iron Mountain is the global leader in innovative storage and information management services, storing and protecting billions of valued assets, including critical business information, highly sensitive data, and cultural and historical artifacts. Founded in 1951 and trusted by more than 225,000 customers worldwide, Iron Mountain helps customers CLIMB HIGHER™ to transform their businesses. Through a range of services including digital transformation, data centers, secure records storage, information management, secure destruction, and art storage and logistics, Iron Mountain helps businesses bring light to their dark data, enabling customers to unlock value and intelligence from their stored digital and physical assets at speed and with security, while helping them meet their environmental goals. Iron Mountain is headquartered in Boston, Massachusetts.

IPM is a leading provider of software resilience services to a large and diverse US market. IPM reported revenue of $33 million and EBITDA of $22 million for the 12 months ended 31 December 2020 (audited). IPM has built a market-leading escrow business, serving in excess of 6,000 customers, across the full life-cycle of software escrow and verification services as well as across a range of industries.

NCC exists to make the world safer and more secure. As global experts in cyber security and risk mitigation, NCC is trusted by over 14,000 customers worldwide to protect their most critical assets from the ever-changing threat landscape. With NCC’s knowledge, experience and global footprint, it is best placed to help organisations assess, develop and manage their cyber resilience posture. To support its mission, NCC continually invests in research and innovation and is passionate about developing the next generation of cyber scientists. With circa 2,000 colleagues in 12 countries, NCC has a significant market presence in North America, Europe and the United Kingdom, and a rapidly growing footprint in Asia Pacific with offices in Australia, Japan and Singapore.
Technology & Services

Iron Mountain sale of IPM business to NCC

May 2021
Intellectual Property Management (a division of Iron Mountain Incorporated)
M&A - Sellside
Technology & Services
Business Process Outsourcing
IT Services, Security & Networking
Target Location
North America
Acquiror Location