Iron Mountain and ImageTag Announce Deal to Grow Digital Filing Market

April 7, 2005

BOSTON and CHANDLER, AZ - Iron Mountain Incorporated (NYSE: IRM), the world's trusted partner for records management and data protection services, has formed a technology partnership with ImageTag, the creator of innovative solutions for managing paper in a digital world.

As part of the partnership, Iron Mountain has also made an equity investment in ImageTag. Under the agreement, the two companies will collaborate to develop solutions that leverage ImageTag’s KwikTag Digital Filing and Iron Mountain’s Records Management and Digital Archives services to provide customers with a bridge for paper-to-digital conversion of critical documents. The collaborative offering will provide value to customers requiring compliant records management solutions, litigation discovery support, and business continuity.

According to John Petralia, vice president of product management for Iron Mountain’s records management solutions, “ImageTag’s technology was attractive to us because of its unique distributed paper capture process. When combined with our leading online Records Management and Digital Archiving solutions, we will be able to provide customers an efficient way to close the management gap between physical and digital records.Together, we can provide customers with a simple solution to manage their active paper records – consistently and compliantly.”

"Iron Mountain’s extraordinary relationship with its customers, as the trusted keeper of all records, both physical and digital, presents ImageTag a new level of market reach. For paper documents to become part of the corporate knowledge platform, they need to be managed digitally. Major organizations look to Iron Mountain for services to facilitate that transition, and ImageTag snaps right into this picture,” said Steve Irons, CEO of ImageTag.

About Iron Mountain
Iron Mountain Incorporated (NYSE:IRM) helps organizations around the world reduce the costs and risks associated with information protection and storage. The Company offers comprehensive records management and data protection solutions, along with the expertise and experience to address complex information challenges such as rising storage costs, litigation, regulatory compliance and disaster recovery. Founded in 1951, Iron Mountain is a trusted partner to more than 90,000 corporate clients throughout North America, Europe, Latin America and the Pacific Rim. For more information, visit the Company's Web site at www.ironmountain.com

Contact:

Melissa Mahoney
Corporate Communications
Iron Mountain
Phone: 617-535-8310
melissa.mahoney@ironmountain.com

Ray Yeung
Brainerd Communicators
Phone: 212-739-6735
yeung@braincomm.com