Iron Mountain Forges U.S. Expansion with $1.3B Deal

With the IO Data Centers deal, Iron Mountain will acquire the land and buildings of four data centers in Phoenix and Scottsdale, Ariz.; Edison, N.J.; and Columbus, Ohio.

Iron Mountain, a leading storage and information management services company, continues its expansion into the data center market with the planned $1.3 billion acquisition of the U.S. operations of Phoenix-based IO Data Centers LLC.

The announcement comes about three months after the Boston-based company opened its fifth data center in the United States in Manassas, Va. The company invested more than $80 million in the 165,000-square-foot and 10.5-megawatt facility, the first phase of the Northern Virginia project. A total investment of more than $350 million in four data centers is planned there…

Iron Mountain Forges U.S. Expansion with $1.3B Deal

Categories : Finance

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