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BOSTON -- Iron Mountain Incorporated (NYSE: IRM - News), the global leader in information protection and storage services, today announced the general availability of SaaSProtect Escrow Service(TM) to safeguard Software as a Service (SaaS) applications, the data that runs those applications, and the associated customer data. SaaSProtect Escrow Service protects the subscribers of SaaS applications in the event of problems with the SaaS provider, significant outages, or other service interruptions. It also gives SaaS providers a way to build trust with their customers. Iron Mountain Digital, the technology arm of Iron Mountain and the founder of the technology escrow industry, is the first company to combine automated data backup and rapid recovery with technology escrow for a complete SaaS protection solution.
Iron Mountain's SaaSProtect Escrow Service is designed to help mitigate risks associated with entering into a relationship with small-to-medium sized SaaS providers. According to Gartner, the market for SaaS applications will grow from $6.3 billion in 2006 to $19.3 billion by 2011, with most of those dollars going to new entrants, rather than established software vendors.(1)
Executive Director of The Common Application, Inc. Rob Killion, is implementing Iron Mountain's SaaSProtect Escrow Service for the next version of the Common Application Online, a non-profit site that lets students apply to more than 300 colleges and universities using one common application over the web. Killion states, "The primary benefit is the security that we get. We know that if catastrophe strikes - either catastrophe in terms of a business relationship going bad or a natural or personal catastrophe - there is a 'plan B' that we can avail ourselves of quickly and securely with Iron Mountain, and that's something we haven't had before."
Iron Mountain Inc.
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