Iron Mountain (IRM) Settles Issues with DOJ for $44.5M
Storage and information management firm, Iron Mountain recently reached a settlement with the U.S. Department of Justice (DOJ) to resolve a civil complaint. Two civilians Patrick McKilop and Brent Stanley levied charges against Iron Mountain under the False Claims Act in the Eastern District of California IN Sacramento. They accused the company of overcharging federal agencies for record storage services. As per the settlement, Iron Mountain will be paying a sum of $44.5 million.
Recall Holdings Rejects $1.8 Billion Bid from Iron Mountain (Wall Street Journal paywall)
Document-management and data-storage company Recall Holdings Ltd. has rejected Iron Mountain Inc.’s 2.2 billion Australian dollar (US $ 1.8 billion) takeover bid as too low. Recall said that a greater value could be created through a tie-up with its Boston – based rival than was reflected in the nonbinding proposal. Recall board is open to discussions if Iron Mountain makes a fresh offer. Iron Mountain has offered A$7 a share, made up of 82% of its own stock, and the remainder in cash. Recall said that this price does not reflect the company’s fundamental value nor does it offer its shareholders a fair share of the US$3.9 billion in value that could be created through a merger.
Gama System drives paperless office through Exclusive Alliance with Netspider
Gama System has appointed NETSPIDER as its exclusive partner for its Indian market. Gama System, headquartered in Slovenia, specialises in solutions for paperless operations including document management, web content management, records management, image-processing applications, social content, workflows, and extended integration capabilities. NETSPIDER has a dominance in document imaging and management solutions market since a decade across India, with a strong foothold in the government segment.
Modernisation of land records soon to begin in J&K
An ambitious project to provide digital land titling guarantee to the people of Jammu and Kashmir has been launched, with the first step of putting out a Request for Proposal (RFP) in the public domain. The project includes Data Entry, Digitisation of Cadastral Maps, Survey/Re-Survey for updating land records, Integration with Record of Rights (RORs), Management of old Revenue Documents, Development of Web-based GIS for running various applications, together with training and capacity building.
India develops standards for digital preservation of records
“The standard forms the foundation for the introduction of Electronic Records Management as part of e- governance in India, and it defines the principle for creating trusted digital repositories for digital preservation,” said Dr. Dinesh Katre, Associate Director and Head of Department at Centre for Development of Advanced Computing (C-DAC). Developed by the R&D team at C-DAC’s Centre of Excellence for Digital Preservation, the guidelines and standards will ensure that electronic records are produced in a preservable manner. They will be applicable to all e-government initiatives at the Centre and State level in India.
Wal-Mart Sanctioned for Destroying Evidence in Discrimination Case
A federal judge has sanctioned Wal-Mart Stores Inc. for destroying evidence in an employee discrimination case, ordering that the jury can presume company supervisors retaliated against a longtime employee, who had been fired after he complained of discrimination. U.S. District Judge Steve Jones also directed that Wal-Mart must reimburse attorneys representing former employee Ibrahim Abdulahi $19,980 for their expenses in seeking the sanctions.