Plus   Neg

Iron Mountain Announces Acquisition Of GRM China - Quick Facts

Iron Mountain Incorporated (IRM) announced the acquisition of GRM's Chinese operations. GRM China is a division of GRM Document Management, and was the first licensed provider of Records and Information Management services in the Peoples Republic of China. The company, which opened its first branch in Shanghai in 2003, delivers document storage, media storage, document imaging, secure destruction and information management consulting services to both large multinationals and local companies in industries including insurance, banking and finance, manufacturing, accounting, consulting, engineering, technology and professional services.

Iron Mountain said the acquisition of GRM China will expand the company's presence in Beijing, Shanghai, Guangdong, Qingdao, Dalian, Chengdu and Wuhan; 550 customers; and add 170 employees to Chinese operations.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
DISH Network Corp. (DISH) Wednesday reported a profit for the fourth-quarter that increased about 15 percent from last year, but quarterly revenue decreased 2 percent. Both earnings per share and revenue top analysts' estimates. Net Pay-TV subscribers for the quarter decreased by about 194,000 from the prior quarter. Advanced Bionics LLC, the US unit of Swiss hearing aid maker Sonova Holding AG, has recalled certain un-implanted cochlear implant devices due to decreased hearing performance. The recall would incur costs in the range of 40 million Swiss francs to 50 million francs. In a statement, Sonova said that... Shares of Deutsche Telekom AG were gaining around 4 percent in the morning trading after the German telecom giant reported Wednesday a profit in its fourth quarter, compared to last year's loss. The company also projects higher results in fiscal 2020. For the new year, Deutsche Telekom expects another increase in revenue from fiscal 2019 revenue of 80.5 billion euros.
Follow RTT