Iron Mountain and ImageTag Announce Deal to Grow Digital Filing Market

BOSTON, MA and CHANDLER, AZ — April 7, 2005 — Iron Mountain Incorporated (NYSE: IRM), the world's trusted partner for records management and data protection services, has formed a technology partnership with ImageTag®, the creator of innovative solutions for managing paper in a digital world.

As part of the partnership, Iron Mountain has also made an equity investment in ImageTag. Under the agreement, the two companies will collaborate to develop solutions that leverage ImageTag's KwikTag® Digital Filing and Iron Mountain's Records Management and Digital Archiving services to provide customers with a bridge for paper-to-digital conversion of critical documents. The collaborative offering will provide value to customers requiring compliant records management solutions, litigation discovery support, and business continuity.

According to John Petralia, vice president of product management for Iron Mountain's records management solutions, "ImageTag's technology was attractive to us because of its unique distributed paper capture process. When combined with our leading online Records Management and Digital Archiving solutions, we will be able to provide customers an efficient way to close the management gap between physical and digital records. Together, we can provide customers with a simple solution to manage their active paper records — consistently and compliantly."

"Iron Mountain's extraordinary relationship with its customers, as the trusted keeper of all records, both physical and digital, presents ImageTag a new level of market reach. For paper documents to become part of the corporate knowledge platform, they need to be managed digitally. Major organizations look to Iron Mountain for services to facilitate that transition, and ImageTag snaps right into this picture," said Steve Irons, CEO of ImageTag.

About ImageTag, Inc.
ImageTag is the creator of innovative solutions for managing paper in the digital world. KwikTag^®, ImageTag's digital filing system, combines unmatched simplicity with the operational flexibility to meet the needs of an entire organization. KwikTag's patented tagging method leverages familiar office resources such as Post-it^® products, as well as digital copiers, scanners and fax machines. KwikTag can be deployed as a standalone file and retrieve solution, or embedded within financial, document and records management applications for paper intensive activities in healthcare, financial services, law firms, and government. For more information, visit the ImageTag web site at www.imagetag.com.

About Iron Mountain
Iron Mountain Incorporated (NYSE:IRM) is the world's trusted partner for records management and data protection services. Founded in 1951, the Company has grown to service more than 235,000 customer accounts throughout the United States, Canada, Europe and Latin America. Iron Mountain offers records management services for both physical and digital media, disaster recovery support services, and consulting - services that help businesses save money and manage risks associated with legal and regulatory compliance, protection of vital assets, and business continuity challenges. For more information, visit the Company's web site at www.ironmountain.com/news.

ImageTag and KwikTag are registered trademarks of ImageTag Inc. All other trademarks and registered trademarks are the property of their respective owners.

Iron Mountain Incorporated
Melissa Burman
melissa.burman@ironmountain.com
(617) 535-8310

ImageTag, Inc
Cyndy Player 
cplayer@imagetag.com
480-753-9300

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