Security controls and compliance with industry-specific regulatory
standards are top priorities for financial services firms when selecting
a data center colocation provider. Iron
Mountain® Incorporated (NYSE: IRM), the storage and information
management company, announced it has signed a multi-year agreement to
provide data center colocation services for The First
Marblehead Corporation (NYSE: FMD), a leading provider of private
student loan solutions for lenders, credit unions and schools.
"We are a long standing customer of Iron Mountain's off-site data
management services, and have developed a trusted relationship with
them," stated Richard Shepherd, managing director of Infrastructure and
Shared Services at First Marblehead. "As a highly regulated financial
services firm, it's imperative that our data center service provider
adhere to the highest security and compliance standards. When we
recognized the need for changing providers, we believed that Iron
Mountain clearly hit the mark with our requirements."
In addition to their security and compliance requirements, First
Marblehead was also looking for a provider to flexibly support their
evolving business needs. Iron Mountain's secure Boston
data center delivers a full portfolio of managed services -
including carrier-neutral network connectivity, cloud backup and
replication, certified technicians, helping hands services and more -
for increased efficiencies. Colocating with Iron Mountain enables First
Marblehead to leverage a single provider for its data center and managed
services needs while benefitting from flexible and predictable contract
Iron Mountain's superior commitment to customer service was another
factor in First Marblehead's decision to colocate in the Boston data
center. "We're pleased to welcome First Marblehead into our Tier III
LEED Gold certified facility in Northborough," said Mark Kidd, senior
vice president and general manager, data centers, Iron Mountain. "We
look forward to extending the same high standards of service they've
come to expect from our data management business to meeting their data
center needs. Partnering with Iron Mountain allows customers to demand
more and get more from their data center provider."
Beginning September 2014, First Marlehead will occupy a secure
dedicated space at Iron Mountain's Boston data center, located in
About Iron Mountain's Data Center SolutionsFor more than a
decade, enterprise organizations have trusted Iron Mountain to develop
and manage their data center environments with a portfolio of
ultra-secure facilities and compliant services. Iron Mountain's carrier
and service provider neutral facilities offer both retail colocation and
wholesale data center leasing options. This solution leverages Iron
Mountain's 63-year heritage of protecting information, helping
organizations bring the same high levels of security and compliance to
their data center environments. The company's national data center is
located within a unique, 145-acre underground location outside
Pittsburgh, Pennsylvania with additional data centers in Boston,
Massachusetts and Kansas City, Missouri. For more information, visit www.ironmountain.com/datacenters.
About First MarbleheadFirst Marblehead helps meet the need
for education financing by offering national and regional financial
institutions and educational institutions the Monogram® platform, an
integrated suite of design, implementation and credit risk management
services for private label, customizable private education loan
programs. For more information, please see www.firstmarblehead.com.
First Marblehead supports responsible lending and is a strong proponent
of the smart borrowing principle, which encourages students to access
scholarships, grants and federally-guaranteed loans before considering
private education loans; please see www.SmartBorrowing.org.
Through its subsidiary, Union Federal Savings Bank, First Marblehead
offers residential and commercial mortgage loans and retail savings,
money market and time deposit products. For more information, please see www.unionfsb.com.
First Marblehead also offers outsourced tuition planning, billing,
payment technology services and refund management services through its
subsidiary Tuition Management Systems LLC. For more information, please
Through its subsidiary, Cology LLC, First Marblehead offers private
education loan processing and disbursement services as well as
life-of-loan servicing for lenders. For more information, please see www2.cology.com.
About Iron MountainIron Mountain Incorporated (NYSE: IRM)
is a leading provider of storage and information management services.
The company's real estate network of over 67 million square feet across
more than 1,000 facilities in 36 countries allows it to serve customers
with speed and accuracy. And its solutions for records
management, and secure
shredding help organizations to lower storage costs, comply with
regulations, recover from disaster, and better use their information for
business advantage. Founded in 1951, Iron Mountain stores and protects
billions of information assets, including business documents, backup
tapes, electronic files and medical data. Visit www.ironmountain.com
for more information.
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