GLA & Company, a regional law firm in the Middle East, acted as legal counsel to IMPULSE International for Telecommunications K.S.C.C. (“IMPULSE”), a fully owned subsidiary of the National Technology Enterprises Company (NTEC), which is itself fully owned by the Kuwait Investment Authority (KIA), on the establishment of a joint venture with Iron Mountain Incorporated (NYSE: IRM), through its Kuwaiti subsidiary IRM Electronic Documents Archiving SPC.

The joint venture company, to be established in Kuwait as a closed shareholding company (K.S.C.C.), will serve as the parties’ exclusive vehicle for providing records and information management services to Public Sector customers in the State of Kuwait.  The transaction brings together Iron Mountain’s global expertise in information management, serving more than 220,000 customers in 58 countries, with IMPULSE’s position as a Kuwaiti technology investor backed by the State of Kuwait’s sovereign wealth fund, marking a significant step in the digital transformation of Kuwait’s public sector.

GLA & Company supported IMPULSE on all aspects of the transaction, including advising on the joint venture structure and Kuwaiti corporate, regulatory and practice considerations.

The GLA & Company team was led by Managing Partner, Alex Saleh, supported by Mohamed Abdelhamed, Khaled Al Makhezeem,  and Omar Halbouni.

Senior Partner, Nader Al Awadhi, commented: “We are proud of GLA’s longstanding record of representing state-owned entities on projects of national significance. Acting for IMPULSE, a member of the Kuwait Investment Authority group, on this joint venture with a global leader such as Iron Mountain is a testament to the trust placed in our firm by Kuwait’s public institutions. This venture will play an important role in the digital transformation of Kuwait’s public sector, and we are honored to have contributed to it.“

Managing Partner, Alex Saleh, added: “This transaction demonstrates GLA’s regional reach and local strength in the market. Bringing together a sovereign-backed Kuwaiti investor and a NYSE-listed multinational required deep knowledge of Kuwaiti corporate and regulatory practice combined with international transactional experience, and our team delivered on both. We thank IMPULSE for its confidence in us and look forward to supporting the venture as it grows.“

About IMPULSE International

IMPULSE was established as a venture capital company that transfers technology into investments, investing in high-potential companies that are fully developed or at the forefront of their fields. IMPULSE is a fully owned subsidiary of the National Technology Enterprises Company (NTEC), which is a fully owned subsidiary of the Kuwait Investment Authority (KIA).

About Iron Mountain

Founded in 1951 and headquartered in Boston, Massachusetts, Iron Mountain Incorporated is a global enterprise information management services company and a component of the S&P 500 Index. Its records management, information destruction, and data backup and recovery services are supplied to more than 220,000 customers in 58 countries.