Company Directory - Iron Mountain Incorporated
Company Details - Iron Mountain Incorporated
Iron Mountain Incorporated
WebsiteBoston, United States
ISIN: US46284V1017
1450 Locations
Iron Mountain is a global leader in storage and information management services, helping organizations store, manage, and protect their information. The company provides a range of services including records management, data backup and recovery, secure shredding, and information governance.
CCI Score
CCI Score: Iron Mountain Incorporated
-22.80
0.02%
Latest Event
Iron Mountain Settles DOJ Complaint for $44.5M
Iron Mountain Inc. reached a settlement with the U.S. Department of Justice over allegations of overcharging federal agencies under the False Claims Act. This follows a previous 2013 settlement related to document shredding compliance, raising concerns about the company’s ethical business practices and its strategy to maintain federal customer relationships.
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ACCOMPLICE
Iron Mountain Incorporated is currently rated as an Accomplice.
Latest Events
- DEC012023
Iron Mountain Inc. reached a settlement with the U.S. Department of Justice over allegations of overcharging federal agencies under the False Claims Act. This follows a previous 2013 settlement related to document shredding compliance, raising concerns about the company’s ethical business practices and its strategy to maintain federal customer relationships.
-60
Business Practices and Ethical Responsibility
April 8
The settlement, stemming from allegations of overcharging federal agencies, suggests persistent unethical behavior in Iron Mountain’s business operations. This pattern of misconduct undermines public trust and raises concerns over the exploitation of government funds and contracts.
-30
Regulatory Capture
April 8
By settling the complaint, Iron Mountain secures its ongoing business with federal agencies, effectively mitigating stricter regulatory oversight. This move can be seen as preserving its economic influence and contributing to a potential regulatory capture scenario.
- DEC202014
Iron Mountain agreed to pay $44.5 million to settle allegations of overcharging federal agencies under GSA contracts between 2001 and 2014. The settlement resolves claims that the company misrepresented pricing information and did not meet National Archives standards, while the firm stated it had reported pricing issues to GSA and cooperated with the Department of Justice.
-60
Business Practices and Ethical Responsibility
April 8
Iron Mountain engaged in unethical business practices by overcharging federal agencies and misrepresenting pricing information during contract negotiations. This deception undermines ethical standards in business practices and erodes public trust.
+20
Public and Political Behavior
April 8
Despite its prior misconduct, Iron Mountain took steps towards accountability by reporting pricing issues to the GSA and cooperating with the Department of Justice, indicating a measure of transparency and willingness to rectify its practices.
- DEC192014
Iron Mountain settled for $44.5 million to resolve allegations under the False Claims Act that it overcharged federal agencies for record storage services under GSA contracts between 2001 and 2014, highlighting unethical business practices.
-70
Business Practices and Ethical Responsibility
April 8
The settlement addresses serious allegations that Iron Mountain failed to honor contractual pricing obligations and overcharged government agencies, undermining the integrity of public procurement processes. Such unethical business practices are detrimental to public trust and can indirectly support authoritarian misuse of public funds, warranting a negative score.
- DEC192014
Iron Mountain Incorporated and its subsidiary agreed to pay $44.5 million to settle allegations under the False Claims Act for allegedly overcharging federal agencies under GSA contracts between 2001 and 2014.
-70
Business Practices and Ethical Responsibility
April 8
Iron Mountain's settlement for false billing reflects a serious breach of ethical business practices. Overcharging federal agencies under GSA contracts not only defrauds taxpayers, but also undermines trust in the government procurement process and contributes to broader structural issues that can enable authoritarian practices by weakening accountability mechanisms.
- DEC172014
Iron Mountain settled allegations after being accused of making false disclosures and false statements regarding GSA contracts, which resulted in a $44.5 million settlement on December 17, 2014. The settlement was meant to avoid prolonged litigation despite the company’s denial of the allegations.
-50
Business Practices and Ethical Responsibility
April 8
The settlement highlights unethical business practices where Iron Mountain allegedly made false disclosures and inflated claims for government contracts. This behavior undermines transparency and ethical responsibility, negatively affecting trust in corporate practices and harming public institutions.
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Corporation
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Corporate Financials
- Revenue
- 2023
- $4.20B
- Total Assets
- 2023
- $11.00B
- Operating Income
- 2023
- $600.00M
- Total Equity
- 2023
- $5.00B
Employees: 10,000
Industries
- 493110
- General Warehousing and Storage
- 541519
- Other Computer Related Services
- 541611
- Administrative Management and General Management Consulting Services
- 561410
- Document Preparation Services