ARKIVE, Inc, an information management company owned by private equity firm Summit Park, announced the acquisition of assets from Iron Mountain Incorporated for eight markets in the United States and Canada. The assets are located in 10 operating units previously managed by Iron Mountain, Inc and Recall Holdings Limited.

Today's acquisition completes the regulatory mandates set forth by the United States Department of Justice, and the Government of Canada's Competition Bureau that required Iron Mountain to divest holdings in specific markets to provide a more competitive landscape. ARKIVE offers a full suite of information management services including ARKIVE Storage, ARKIVE Destruction, ARKIVE Data Protection and ARKIVE Digital Solutions.

Arkive's executive team has been formed from tenured executives in the industry. Justin Ririe was appointed as the company's CEO. His background includes 20 years of operational expertise in the industry and as an officer in the US Army. Currently, Mr. Ririe serves as a field grade officer in the Georgia Army National Guard's 48thInfantry Brigade. Ben Nicholson has been appointed as the CFO and brings 15 years of executive experience. He most recently managed Recall's North and South American businesses. David Gonce will lead all of sales and marketing as the Vice President of North America. He brings over 25 years of experience at all levels and most recently managed Recall's Atlantic Region.

"I am excited about the future opportunities and services ARKIVE will bring to the information management industry. We have an extraordinary team that takes an innovative approach to meeting customer needs and provides exceptional service to the market," said Justin Ririe.