Autonomy Corp. PLC, a provider of infrastructure software, agreed to buy some key digital pieces of Iron Mountain.
According to a statement from Autonomy, the deal was for $380 million in cash.
The move propels Autonomy, which mostly has been known within the business and legal communities for its widely deployed and respected analytics and e-discovery systems, into the mix as one of the world’s top 10 data protection providers.
Fifteen-year-old Autonomy, founded as a result of research and development at Cambridge University, said it expects the deal to increase its revenue by about $135 million per year.
In addition to the technology, Autonomy will pick up around six petabytes of data, on top of the 19PB it already manages for existing customers. In the process, it will take on 6,000 customers from Iron Mountain.