Iron Mountain Digital

We have important news to share with you. Today, Iron Mountain reached a definitive agreement with Autonomy Corporation plc to acquire Iron Mountain's archiving, eDiscovery and online backup, and recovery solutions.*

On April 19, Iron Mountain announced a new three-year strategic plan intended to improve the value we provide to our customers and shareholders. This plan included seeking strategic alternatives for our digital business, including a possible sale, and is a plan that will enable us to focus on our greatest job: being a trusted information management services provider to companies around the globe. Although it was a big decision, we believe this arrangement with Autonomy is a great opportunity for both our customers and our employees.

Let me share with you some information about Autonomy and the benefits this asset acquisition will bring to you.

Who is Autonomy?
Founded in 1996, Autonomy is a publicly-listed company (LSE: AU. or AU.L) with $6 billion market capitalization and is the second largest pure software company in Europe. The company has offices worldwide with dual headquarters in Cambridge, UK and San Francisco, California.

Autonomy is a top-performing global software company with a sterling reputation for growth and profitability. Additionally, the company has a world-class reputation for innovation. Autonomy's meaning-based technologies are used by more than 20,000 customers across seven continents, over 400 OEM partners and more than 400 VARs and Integrators.

Autonomy is the clear leader in enterprise search, with a market share nearly double that of its nearest competitor. In addition, the company is also the recognized leader in eDiscovery, Archiving, Records Management, Web Content Management, Online Testing, and Multichannel Analytics by industry analysts including Gartner, Forrester Research and IDC. Autonomy's technologies are used by 10 of the top 10 law firms and market-leading litigation services and consulting firms. It is the fastest growing Electronic Data Discovery provider to the AM Law 200 and ranked as a leader in both Gartner's and Forrester's archiving market reports.

Autonomy is known for its unique ability to understand the meaning of all types of human-friendly information, including emails, instant messages, electronic documents, audio, video, and social media. All of Autonomy's products are powered by IDOL, the Intelligent Data Operating Layer, an information infrastructure that global 2000 companies standardize on to search and process over 1,000 data types, while connecting to more than 400 different repositories.

What Does this Mean for You?
Autonomy is committed to supporting and enhancing all of these acquired Iron Mountain solutions. The company has a proven track record in significantly improving the performance of the products it acquires. You will benefit from working with a leading software vendor with significant financial resources, technology leadership, and customer-facing strengths in sales, support and professional services.

In the future, the Iron Mountain solutions acquired by Autonomy will be powered by Autonomy's IDOL information processing platform, which will bring new information management capabilities. You will also benefit from IDOL's scalability, connectivity to more than 400 repositories and 1,000 file formats including email, voice, Web, images, schedules, tasks, calendars, and stock trades.

What's Next?
We expect to close this transaction within approximately 45-60 days. Prior to closing, our two companies are required to operate as separate entities, but we're both committed to ensuring a seamless transition for you.

For now, it's business as usual. Your primary points of contact in sales and customer support will remain the same for the time being. If you have any questions about today's news, please contact your account manager or customer support at 800-888-2774.

For more information regarding this acquisition, you can also access the press release.
Thank you for your support during this transition.

Sincerely,

C. Richard Reese Chairman and CEO, Iron Mountain			Mike Lynch CEO, Autonomy Corporation

 
*The specific solutions acquired include: Nearpoint®, Compliant Message Archiving, Virtual File Store™ Enterprise Discovery Suite, LiveVault®; Server Backup, and Connected® Backup for PCs and Macs. The agreement does not include Iron Mountain's Technology Escrow business or the company's Digital Record Center® for Images or Medical Image Archives.