NCC Group completes acquisition of Iron Mountain’s IPM business for £156m
Global cyber security and software resilience business, NCC Group, has completed its acquisition of Iron Mountain’s Intellectual Property Management (IPM) business in a £156m deal providing immediate additional scale to the Group’s Software Resilience business in North America.
Together, the two businesses will offer a rich, complementary set of resilience services to customers including a full suite of software verification services and the Group’s cloud resilience proposition: Escrow-as-a-Service (EaaS).
In addition to organic growth across the recurring revenue base of IPM, the acquisition represents a compelling opportunity for the Group’s Assurance and Software Resilience divisions to benefit from revenue synergies across an enlarged, blue chip customer base which spans much of the Fortune 500.
Adam Palser, CEO at NCC Group, said: “Bringing our two businesses together provides a robust platform for growth – particularly in North America but also for all of our Software Resilience division and NCC Group as a whole.
“IPM shares many similarities with our own business, including a commitment to providing exemplary service for customers. There are tremendous opportunities to grow the combined business by offering IPM’s blue-chip customers further resilience through our extensive cyber security portfolio.
“I am delighted to welcome our new colleagues from IPM to NCC Group today and I look forward to what the future will bring.”
Simon Fieldhouse, Global Managing Director, NCC Group Software Resilience adds: “The priority is to ensure our new customers continue to benefit from the high standards of excellence they are accustomed to. We’ll ensure all customers continue to be supported by the same team by focusing on a smooth transition from IPM to NCC Group’s Software Resilience business.
“The combined business will be committed to helping customers improve their software resilience so they can confidently adopt, innovate and manage new and existing technology opportunities.”