Street Resource Group Selects Iron Mountain for Technology Escrow Services

CHICAGO–(BUSINESS WIRE)–Street Resource Group, Inc. (SRG), a provider of innovative technology solutions and software platforms specific to mortgage warehouse lending, announced today its relationship with Iron Mountain Incorporated (NYSE: IRM) as its technology escrow agent. As part of a comprehensive intellectual property management strategy, SRG provides additional risk management, business continuity assurance, and regulatory compliance to its clients.

“With the SRG Warehouse Loan System being the most mission-critical application for mortgage warehouse lenders, confidence in continuity is paramount,” said Stanley Street, president, Street Resource Group. “Having Iron Mountain as a trusted third-party technology escrow agent, our customers and sales prospects can see that their interests are protected in the event of a catastrophe. SRG’s customers can maintain their regulatory compliance and support a best-practices approach to technology risk management.”

For SRG, Iron Mountain helps protect and build the market value of their intellectual property investment. Technology escrow also becomes a selling tool. As the company continues to grow, SRG can expedite licensing negotiations because it addresses customers’ risk management concerns up front.

“As a provider of a comprehensive suite of intellectual property security, data protection and e-records management software and services, Iron Mountain is committed to insuring our customers that their technology is secured,” said David Strousse, Iron Mountain’s director of sales, Western region. ”Many software developers, such as SRG, turn to Iron Mountain for technology escrow because we pioneered the concept and lead the industry in providing escrow services.”

About Iron Mountain Digital

Iron Mountain Digital is the world’s leading provider of data backup/recovery and archiving software as a service (SaaS). The technology arm of Iron Mountain Incorporated offers a comprehensive suite of data protection and e-records management software and services to thousands of companies around the world, including technology escrow and domain name records management services. For more information about Iron Mountain’s domain name services, please visit www.ironmountain.com/ipm.

About Iron Mountain

Iron Mountain Incorporated (NYSE:IRM) helps organizations around the world reduce the costs and risks associated with information protection and storage. The company offers comprehensive records management and data protection solutions, along with the expertise and experience to address complex information challenges such as rising storage costs, litigation, regulatory compliance and disaster recovery. Founded in 1951, Iron Mountain is a trusted partner to more than 90,000 corporate clients throughout North America, Europe, Latin America, and Asia Pacific. For more information, visit the company’s Web site at www.ironmountain.com.

About SRG

For the past twenty years, Atlanta-based Street Resource Group, Inc. (SRG) has been an innovative technology solutions provider to the financial services industry. For more than seven years, SRG has focused solely on the warehouse lending industry. First developed in 1994, SRG’s core product is the SRG Warehouse Loan System, a configurable Microsoft .NET software application that provides an automated workflow environment for secure online real-time warehouse lending. This solution is specifically designed for warehouse lending and incorporates all of the functionality needed to manage the entire warehouse loan life cycle. For more information, visit www.streetresource.com