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Iron Mountain Extends Strategic Partnership With Carbonite

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Iron Mountain Incorporated (IRM - Free Report) recently announced plans to strengthen its strategic partnership with Carbonite, Inc. (CARB - Free Report) .

Particularly, the partnership will enable Iron Mountain to integrate the Carbonite Data Protection Platform into its data management platform, Iron Cloud. This will aid businesses in safeguarding and improving recoverability of important data in case of any data loss, cyber-attack or disaster.

Iron Cloud enables organizations to make use of hybrid data management strategy in multi-cloud environments, driving operational efficiency and value from data, as well as ensuring security for each storage tier. The Carbonite Data Protection Platform offers robust data protection solutions that can be adapted by businesses across a range of IT environments.

The company is making efforts to deliver data protection solutions on the back of innovative measures and strategic relationships with preeminent industry players. Management believes that combining the company’s data management platform and data centers with Carbonite’s comprehensive data protection platform will enhance its ability to offer data protection to customers.

In the recent months, it has been beefing up its Data-Center Services offerings. Most recently, Iron Mountain added Secure Shredding Services to its General Services Administration (GSA) Schedule 36. The move boosts privacy and security of Federal Agencies, and is aimed at ensuring that information is appropriately destroyed in a secure manner. (Read more: Iron Mountain Adds Shredding Services for Federal Agencies)

Over the past month, shares of this Zacks Rank #2 (Buy) company have outperformed the industry it belongs to. Its shares have gained 10.2% compared with the industry’s growth of 3.9% during this time frame.

Other Key Picks

Other top-ranked stocks from the REIT space include OUTFRONT Media Inc. (OUT - Free Report) , PS Business Parks, Inc. (PSB - Free Report) and Terreno Realty Corporation (TRNO - Free Report) . You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

OUTFRONT Media’s funds from operations (FFO) per share estimates for 2018 have been marginally revised upward to $2.09 in the past 30 days. Its shares have rallied 17.6% over the past 30 days.

PS Business Parks’ Zacks Consensus Estimate for 2018 FFO per share has moved up 0.9% to $6.45 in the past month. Its shares have increased 6.2% over the past month.

Terreno Realty’s FFO per share estimates for 2018 have been revised marginally north to $1.33 in seven days’ time. Its shares have returned 4.4% over the past month.

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