Paper record storage is big business
I always find facts and stats interesting...even random ones that convey what we find important in the world or ones that reflect the changing landscape. And in personal or business matters I find it hard to make decisions without relevant facts or stats right in front of me (more on that and our attempt to buy a loft in the city recently).
So, of course, I have to share the following numbers with you from the Boston-based leader in paper record storage (wasn't the Internet supposed to reduce how much paper we used and stored?) according to this Wall Street Journal story (subscription required):
Iron Mountain Corp., the world's largest provider of storage for paper records, plans to add another leg to its business by developing a digital-records archiving operation.
Richard Reese, chairman and chief executive, said the company hopes managing other companies' digital storage will be a "couple-of-hundred million dollar business in five years." This year, Iron Mountain expects revenue of $1.48 to $1.55 billion.