Exhibit 99.2

FOR IMMEDIATE RELEASE:

Contact: John F. Kenny, Jr.
         Executive Vice President and
         Chief Financial Officer
         (617) 535-4799

          IRON MOUNTAIN INCORPORATED COMMENCES TENDER OFFER AND CONSENT
           SOLICITATION FOR 9-1/8% SENIOR SUBORDINATED NOTES DUE 2007


BOSTON, MA--December 16, 2002--Iron Mountain Incorporated (NYSE: IRM), the
global leader in records and information management services, announced today
that it has commenced a cash tender offer and consent solicitation for all of
its $75,190,000 aggregate principal amount of 9-1/8% Senior Subordinated Notes
due 2007 (the "Notes") outstanding. In conjunction with the tender offer,
consents are being solicited to effect certain amendments to the indenture
governing the Notes.

The tender offer will expire at 12:00 midnight, New York City time, on Tuesday,
January 14, 2003, unless extended or earlier terminated (the "Expiration Date").
The consent solicitation will expire at 5:00 p.m., New York City time on Monday
December 30, 2002, unless extended or earlier terminated (the "Consent Date").
Holders tendering their Notes will be required to consent to certain proposed
amendments to the indenture governing the Notes, which will eliminate certain
restrictive covenants and amend the timing required for effecting a Notice of
Redemption. Holders may not tender their Notes without delivering consents or
deliver consents without tendering their Notes.

Tendering holders who validly tender and deliver consents by the Consent Date,
which is December 30, 2002, will receive the total consideration of $1,045.63
per $1,000 principal amount of Notes, which includes a consent payment of $30.00
per $1,000 principal amount. Iron Mountain expects to pay the total
consideration promptly after the Consent Date for Notes validly tendered on or
prior to the Consent Date and accepted for purchase.

Holders who validly tender their Notes after the Consent Date and prior to the
Expiration Date are not entitled to the consent payment, and will receive as
payment for their Notes the total consideration minus the consent payment. Iron
Mountain expects to make payment on Notes validly tendered after the Consent
Date and prior to the Expiration Date and accepted for purchase promptly after
the Expiration Date. Holders who validly tender their Notes will also be paid
accrued and unpaid interest up to, but not including, the date of payment for
the Notes.


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IRON MOUNTAIN INCORPORATED COMMENCES TENDER OFFER FOR SENIOR NOTES / PAGE 2

Iron Mountain intends to finance the tender offer and consent solicitation with
a portion of the net proceeds from its proposed offering of $100 million in
aggregate principal amount of Senior Subordinated Notes due 2015. The completion
of this financing is one of the conditions to Iron Mountain's obligations to
accept Notes for payment pursuant to the tender offer and consent solicitation.
The terms and conditions of the tender offer and consent solicitation, including
Iron Mountain's obligation to accept the Notes tendered and pay the purchase
price and consent payments, will be set forth in Iron Mountain's Offer to
Purchase and Consent Solicitation Statement, dated December 16, 2002. Iron
Mountain may amend, extend or, subject to certain conditions, terminate the
tender offer and consent solicitations at any time.

Iron Mountain has engaged Bear, Stearns & Co. Inc. to act as the exclusive
Dealer Manager and Solicitation Agent in connection with the tender offer and
consent solicitation.

Questions regarding the tender offer and consent solicitation may be directed to
Bear, Stearns & Co. Inc., Global Liability Management Group, at (877) 696-2327
(toll free). Requests for documentation may be directed to D.F. King & Co.,
Inc., the information agent for the tender offer and consent solicitation at
(800) 488-8075 (toll free).

This announcement is not an offer to purchase, a solicitation of an offer to
purchase or a solicitation of consents with respect to any securities. The
tender offer and consent solicitation is being made solely by the Offer to
Purchase and Consent Solicitation Statement, dated December 16, 2002.

ABOUT IRON MOUNTAIN

Iron Mountain Incorporated was founded in 1951 as one of the first records
management companies. Today, Iron Mountain is the global leader in records and
information management services, providing services to over 150,000 customer
accounts in 81 markets in the United States and 47 markets outside of the United
States. Its diversified customer base includes more than half of the Fortune 500
and numerous commercial, legal, banking, healthcare, accounting, insurance,
entertainment and government organizations. The Company operates over 650
records management facilities in the United States, Canada, Europe, and Latin
America. For more information, visit www.ironmountain.com.


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