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BOSTON – Iron Mountain Incorporated (NYSE: IRM), the global leader in storage and information management services, today announced it has entered into a definitive agreement to acquire the U.S. operations of IO Data Centers LLC, a leading colocation data center services provider based in Phoenix, Arizona, for $1.315 billion plus up to $60 million based on future performance and subject to customary adjustments. With the transaction, Iron Mountain will acquire the land and buildings associated with four state-of-the-art data centers in Phoenix and Scottsdale, Arizona; Edison, New Jersey; and Columbus, Ohio. The existing data center space in the four owned facilities totals 728,000 square feet, providing 62 megawatts (MW) of capacity with expansion potential of an additional 77 MW in Arizona and New Jersey.

This agreement follows the acquisition of FORTRUST data center on September 1, 2017 and the announcement of Iron Mountain’s international data center expansion through the planned acquisition of two Credit Suisse data centers in the London and Singapore markets. Upon closing of the Credit Suisse and IO transactions in early 2018, Iron Mountain’s data center portfolio will total more than 90 MW of existing capacity, with an additional 26 MW of capacity currently under construction and planned and future expansion potential of another 135 MW.


“We continue to experience strong demand and growth in our data center business, with a focus on establishing a presence in the largest global markets for colocation and enterprise customers. Our strategy includes organic expansion within our existing footprint, greenfield development in the largest U.S. markets such as our newly opened campus in Northern Virginia, and targeted acquisitions of properties with customer profiles that closely mirror our own,” said Iron Mountain President and CEO William L. Meaney.

“This transformative transaction is closely aligned with our strategy and we expect it to accelerate our growth profile by bringing our data center business to approximately 7% of total revenue and approximately 10% of Adjusted EBITDA by 2020 – significantly exceeding our initial goal – while enhancing business diversity and the margin profile of the company,” Meaney added. “We believe we can add significant value to IO’s U.S. operations by leveraging our strong brand that is synonymous with security and trust, and our relationships with more than 30,000 North American data management customers.

“The addition of IO’s data centers enhances our geographic diversification and provides market-leading exposure to Phoenix, the fourth fastest market for absorption in the U.S. in 2017, and the 12th largest data center market globally. Colocation and cloud providers have made significant investments in Phoenix in the past few years, as it boasts diverse energy sources and relatively inexpensive green power, as well as an attractive business environment,” said Mark Kidd, Senior Vice President and General Manager, Iron Mountain Data Centers. “Importantly, this transaction also enhances our ability to support the needs of the largest cloud providers through new development with expansion capacity in Phoenix as well as New Jersey, another attractive market due to its proximity to the New York metro area.”

“Additionally, IO brings a diversified roster of more than 550 customers that includes blue chip financial services, aerospace, federal government and technology companies among its Top 10, with no single customer representing more than 10% of total revenue. Its strong enterprise and cloud customer base is complementary to that of our existing data center business, and more than 40% of IO’s customers are also customers in our core records and data management businesses,” Kidd said.

“I am incredibly proud of the team at IO and the extraordinary company they have built since our founding in 2007,” said George D. Slessman, founder and CEO of IO. “We are pleased to enter into an agreement with Iron Mountain and excited by the potential this transaction represents. Iron Mountain’s deep customer relationships, global scale and excellent access to capital markets, combined with IO’s strong presence in the high-growth data center industry will provide attractive opportunities for our employees and a broader, more geographically diverse platform of facilities and services for our customers. We know Iron Mountain shares our commitment to the highest levels of customer service, security and operational quality, and we are confident our customers will be in good hands.”

The transaction is anticipated to close in January 2018, subject to satisfaction of customary closing conditions. The total consideration of $1.315 billion, which does not include up to $60 million of potential additional payments, represents a multiple of 15x synergized 2018 EBITDA, post integration. While data center acquisitions of this magnitude were not part of the company’s previously disclosed 2020 plan, the company expects the transaction to accelerate its revenue and Adjusted EBITDA growth. Following this transaction and anticipated financing, the company remains on track to reduce its lease adjusted leverage ratio to approximately 5x, and lower its dividend payout as a percentage of Adjusted Funds From Operations to 70-75%, assuming annual dividend per share growth of approximately 4%, all of which are consistent with its 2020 plan.

The acquisition is expected to be modestly accretive to AFFO in 2019. The company will provide specifics of the impact of the transaction on 2018 full-year expectations when it provides guidance for next year on its fourth quarter/year-end reporting conference call in February 2018.

About Iron Mountain
Iron Mountain Incorporated (NYSE: IRM) is the global leader for storage and information management services. Trusted by more than 230,000 organizations around the world, Iron Mountain boasts a real estate network of more than 85 million square feet across more than 1,400 facilities in 53 countries dedicated to protecting and preserving what matters most for its customers. Iron Mountain’s solutions portfolio includes records management, data management, cloud services, document management, data centers, art storage and logistics, and secure shredding to help organizations to lower storage costs, comply with regulations, recover from disaster, and better use their information. Founded in 1951, Iron Mountain stores and protects billions of information assets, including critical business documents, electronic information, medical data and cultural and historical artifacts. Visit www.ironmountain.com for more information.

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Amsterdam, the Netherlands – 3W Infra, a fast growing Infrastructure-as-a-Service hosting provider from Amsterdam with global operations and more than 4,000 dedicated servers under management, has attained the ISO/IEC 27001:2013 certification for Information Security Management together with Payment Card Industry Data Security Standard (PCI DSS) compliance. Validated by independent third-party IT audit company Noordbeek B.V., these certifications would help 3W Infra ensure that they have enterprise-grade controls in place to protect customer information and payment data while safeguarding business continuity.

IT audit company Noordbeek B.V. has checked and validated a variety of processes as well as management and operating controls within 3W Infra’s organization to be able to grant 3W Infra the two ‘enterprise-grade’ security certifications.


To ensure that customers’ information is secure with 3W Infra, Noordbeek has validated things like 3W Infra’s business continuity, the documentation of organizational processes, separation of duties, managing (strategic) suppliers, IT system management, human resources policies and procedures, physical security measures in the offices and data center environment, handling and embedding of organizational knowledge, security incident reporting, and more.

3W Infra has received the ISO/IEC 27001:2013 and PCI-DSS certifications from Noordbeek IT Audit, Compliance & Advisory now and is able to send the third-party attestations to customers on their request.

“We see quite some service providers in the worldwide hosting industry eager to serve enterprises and other customers with high demands and mission-critical operations, but we don’t see many of them achieving accreditations like ISO/IEC 27001:2013 and PCI-DSS, especially not the relatively smaller hosting providers,” said Roy Premchand, Managing Director of 3W Infra. “We know it’s not cheap to have these ISO/IEC 27001 and PCI-DSS quality guarantees embedded in your organization, but we think it’s a good step towards GDPR compliance and a big plus for our mission-critical customers who already entrust their IT infrastructure to 3W Infra – among them international companies within gaming as well as cloud services providers with global operations. Besides that, we expect these enterprise level accreditations to bring great value on a global level while attracting new types of customers from around the world within for example healthcare, finance, and government.”

SSAE 16 Certification

On top of the ISO/IEC 27001:2013 and PCI-DSS certifications achieved, 3W Infra is targeting expansion of accreditations embedded in the organization with an SSAE 16 certification in the future. While PCI-DSS is focused specifically on the data security of credit card information stored in a facility, SSAE 16 is more generally focused on the services operating environment and the internal controls of 3W Infra as a service provider.

“Although we’re a pure-play IaaS hosting provider, not a data provider, we do deliver managed engineering services through our Remote Hands solution to data services providers who store and process financial information,” added Mr. Premchand. “Our Data Center Neutral Remote Hands Service on the world’s main Internet hubs in Frankfurt, Amsterdam and London, thus may require us to go for this SSAE 16 accreditation as well. Especially because the clients for this Remote Hands engineering service come from all over the world. Most of them are not in the position to drop by in the data center to check data processes and handling themselves. The 3W Infra engineering teams are an extension of their own organization so to say, and SSAE 16 would provide them an end-to-end data security guarantee.”

About ISO/IEC 27001 and PCI-DSS

ISO/IEC 27001:2013 is a worldwide-recognized information security management standard which would ensure that an organization can apply a framework to business processes to help identify, manage and reduce risks to information security. The standard does not only consider IT but all business operations of an organization.

The PCI-DSS (Payment Card Industry Data Security) standard is a proprietary standard for all organizations that process, transmit, or store payment cardholder data. The standard is providing a framework with technologies and practices that would need to be adhered to in order to protect and secure the cardholder data.

About 3W Infra
Founded in 2014 by some Internet and hosting industry veterans, 3W Infra is a global Infrastructure-as-a-Service (IaaS) hosting provider with great engineering knowledge and skills headquartered in Amsterdam, the Netherlands. The company’s enterprise-grade, ISO/IEC 27001:2013 and PCI-DSS certified hosting solutions are tailored to the specific needs of each customer. 3W Infra’s infrastructural solutions are engineered for scalability and cost-efficiency, with cloud-enabling services including colocation, dedicated servers, IP Transit, and high-level customer support. These solutions come with 3W Infra’s Remote Hands including Relocation engineering services at the world’s main Internet hubs in Amsterdam, Frankfurt and London.

As a fast-growing company aiming for sustainable growth, 3W Infra serves a dynamic array of different customer types with a variety of needs. The company’s flagship data center in Amsterdam features one of the lowest calculated pPUEs in the industry (1,04), which is highly energy-efficient. 3W Infra has a significant amount of colocation customers and more than 4,000 dedicated servers under management, while its global network now exceeds 160 Gigabit/sec (Gbps) of available bandwidth. 3W Infra’s customer base includes some of the largest Internet, gaming, broadcasting and cloud services companies in Europe and beyond.

To learn more about 3W Infra, visit: www.3winfra.com

About Noordbeek IT Audit, Compliance & Advisory
Noordbeek B.V. was founded in 2006 by Prof. Dr. Ir. Ronald Paans, Professor of Postgraduate IT Audit training at the VU University in Amsterdam. Noordbeek is an IT audit and consulting firm specializing in certification programs and handling of complex IT-related issues. Offerings range from certifications in the field of PCI DSS, ISO 27001, ISAE 3402, COBIT 5.0 to consultancy projects such as improving the connection of IT to business processes and making the cooperation between service provider and customer more effective.

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CHARLOTTE, N.C. – Peak 10 + ViaWest today announced the 114,700-square foot expansion of its Brookwood data center in Hillsboro, Ore. The added data center space is being built from the ground up adjacent to the existing data center building and will bring the total Brookwood footprint to roughly 220,000 square feet.

“We are seeing great demand for connectivity-enabled colocation and highly-reliable hybrid IT solutions across the country, and especially in the greater Portland area,” said Chris Downie, CEO for Peak 10 + ViaWest. “Our Brookwood data center is a highly sought after location due its impressive high-density capacity and impending carrier-neutral, low-latency connectivity to Asia and the South Pacific. Our customers – and the industry – will continue to see us add new capacity and capabilities to our data centers to address this demand.”


Earlier this year, Brookwood was chosen as the US point of presence for both the New Cross Pacific and Hawaiki Submarine cables. These high speed connections will provide direct access and reduced latency to Australia and New Zealand, as well as the high-growth region spanning China, Taiwan, Japan and South Korea. In September 2017, Peak 10 + ViaWest announced that Brookwood, along with eight other Peak 10 + ViaWest data center and cloud node locations, had been updated to feature a core network backbone with 100 Gigabit connectivity, allowing for even more diverse and significant network federation capabilities. This core network backbone extends to Peak 10 + ViaWest’s aggregate portfolio of 41 data centers in 21 markets, as well as six carrier exchange locations across the U.S., delivering seamless global connectivity.

CareOregon, a nonprofit community benefits company serving Oregon Health Plan and Medicare members and communities, is one valued customer that has put its trust in Peak 10 + ViaWest’s Brookwood location. Nate Corley, CareOregon’s executive director of information services, states, “Peak 10 + ViaWest worked closely with us to migrate our most sensitive information safely to a hybrid solution, with our main servers housed in the Brookwood facility.” Corley continued, “We were able to increase our density significantly and now have better power generation. Plus, we’ve already seen a 20 percent savings in network connectivity and improved efficiency, among other benefits. We couldn’t be happier with the results.”

The Brookwood expansion follows Peak 10 + ViaWest’s recent acquisition of a 203,000-square foot data center in Philadelphia, and an 88,000 square foot expansion of its Englewood, Co., Compark data center.

About Peak 10 + ViaWest
Peak 10 + ViaWest is a powerful combination that helps organizations optimize their journey of IT transformation while simultaneously balancing cost, scalability, compliance and security. Its 4,200 customers trust it to deliver hybrid IT infrastructure solutions spanning colocation, interconnection, cloud, managed solutions and professional services. Peak 10 + ViaWest’s robust suite of assets spans 21 domestic and international markets and comprises 41 highly redundant data centers, three million square feet of data center space, 13 cloud nodes and more than 10,000 cross connects. These capabilities, coupled with more than 1,000 dedicated employees, underlie the steadfast reliability of its solutions. For more information on Peak 10, please visit www.peak10.com. For more information on ViaWest, please visit www.viawest.com.

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PALO ALTO, CA – ScaleGrid, a rising leader in database hosting and management, has just announced shared hosting for their MongoDB management plans on Amazon Web Services (AWS). Their new Shared Cluster plan is immediately available, in addition to their Dedicated Cluster and Bring Your Own Cloud database management plans.

ScaleGrid’s Shared Cluster plan covers an unlimited number of databases and comes with their full suite of premium database management tools, including slow query analysis, alerts, web command line and automated monitoring. Shared Clusters supports MongoDB version 3.4.9 with a 3-node replica set, Snappy Compression and WiredTiger storage engine on cloud provider AWS. Their all-inclusive pricing includes all network, disk, machine and management costs for $10 per GB.


Dharshan Rangegowda, ScaleGrid CEO and Founder shares “we’re very excited to bring our full suite of database management features to our Shared Cluster plan and drive the market forward at a reduced cost.” He continues to explain “one of the greatest benefits of our shared hosting is the ability to enable compression, allowing our customers to significantly save on their hosting costs while retaining high speeds and little to no load on their system.”

These MongoDB Shared Cluster plans are highly-available and hosted in Docker containers. ScaleGrid’s database hosting and management solution also provides dynamic scaling, free backups, and allows its users to retain full admin access to their MongoDB clusters.

ScaleGrid plans to make the shared model available in additional AWS regions in the near future, along with availability on other Cloud providers like Azure and DigitalOcean.

About ScaleGrid
ScaleGrid provides a fully managed Database-as-a-Service (DBaaS) solution used by thousands of developers, startups, and enterprise customers including UPS, Dell, and Adobe. The ScaleGrid platform supports MongoDB and Redis on both public and private clouds, including Amazon AWS, Microsoft Azure, and DigitalOcean, and handles all your database operations at any scale so you can focus on your product instead of operations.

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LOS ANGELES – Whether your data traverses the globe or between clouds, there is a business and legal barrier. From a business perspective, different cloud providers have competing goals, so the collaboration of clouds is incompatible.

Governments also regulate the flow information for safety and security reasons. As a result, many governments pay meticulous attention to how information is stored and disseminated. This raises the barriers to entry for companies wanting to expand to sensitive locations.


To overcome the barriers to entry, Zenlayer launched a way to connect cloud servers and data centers around the world, which can be deployed in minutes. The new service is called Zenlink and is now available to all cloud service providers.

Zenlayer allows companies to connect clouds with different geographic locations as well as different cloud providers. Zenlayer uses a dedicated connection to reduce latency and increase security between data centers. This preserves transfer reliability and enables pay-per-use.

Before Zenlink was introduced, companies would take weeks to provision their cloud infrastructure, which would incur heavy service fees to maintain. Now companies can connect their clouds instantly and seamlessly with Zenlink.

About Zenlayer
Zenlayer enables companies to quickly deploy and manage their global infrastructure so that they can globalize their business within minutes. Zenlayer provides hosting and software defined networking services, including bare metal servers, SD-WAN, and edge computing. Zenlayer was founded in 2014 and have expanded to 77 data centers across six continents. Zenlayer is headquartered in Los Angeles and Shanghai with offices in Singapore, Beijing, Shenzhen and Hong Kong. At Zenlayer, we believe in powering a better connected world.

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LAS VEGAS, NV – At AWS re:Invent 2017, VMware, Inc. (NYSE: VMW), and Amazon Web Services, Inc. (AWS), an Amazon.com company (NASDAQ: AMZN), announced VMware Cloud™ on AWS is expanding availability from the U.S. West (Oregon) region to also include the AWS U.S. East (N. Virginia) region, and includes additional VMware capabilities and support for more AWS services, making it even easier for customers to move, run, and protect mission-critical applications at scale. For more information about VMware Cloud on AWS, visit: http://cloud.vmware.com/vmc-aws.

“The momentum for VMware Cloud on AWS is growing rapidly, and VMware and AWS are delivering major new capabilities after only three months of availability while enhancing our strategic relationship with new integrations across our platforms,” said Mark Lohmeyer, vice president and general manager, Cloud Platform Business Unit, VMware. “Customers of VMware Cloud on AWS will be able to migrate application portfolios to the cloud even more rapidly with Hybrid Cloud Extension and AWS Direct Connect, while maintaining the optimal levels of performance, scale, and availability required for mission-critical apps.”


“We are pleased to extend availability of VMware Cloud on AWS to the AWS U.S. East region. Both teams have been really focused on quickly iterating to provide the capabilities that our customers have told us they want,” said Sandy Carter, vice president, Enterprise Workloads for Amazon Web Services. “In addition to the availability, networking, and security features that will further support production workloads, we’re excited to extend native integrations with AWS Direct Connect.”

Scripps Networks Interactive is a leading provider of lifestyle content in the home, food, and travel categories for television, the internet, and emerging platforms. “We have a significant footprint with both VMware and AWS, and our goal is to create a hybrid cloud model that will seamlessly integrate our existing VMware infrastructure with our strategic public cloud, AWS,” said Drew Fredrick, vice president, IT Cloud & Infrastructure Services, Scripps Networks Interactive. “VMware Cloud on AWS will allow us to move, modernize, protect, and scale our applications, and expand the value of these applications with native AWS services. Having VMware vSphere at the core of the service means we get operational consistency with our on-premises environment, enabling us to maximize our existing IT skillsets and tools.”

Faster Application Migration with Seamless Portability
VMware Cloud on AWS customers have the ability to choose where to run their workloads based on their business needs. With VMware vSphere® vMotion®, new L2 stretched networking features, and AWS Direct Connect, customers will be able to migrate applications from their on premises VMWare cluster into VMware on AWS without any disruptions to the application, and without having to make any changes to the network configuration. Customers will also be able also use AWS Direct Connect for high-speed, reliable, and private network connectivity, supporting faster cold and live application migration with vMotion.

VMware Hybrid Cloud Extension™, an add-on SaaS offering for VMware Cloud on AWS, will provide large-scale migration between on-premises environments running vSphere 5.0+ and VMware Cloud on AWS with no replatforming, retesting, or change in tooling. Hybrid Cloud Extension will provide built in high performance Layer 2 extensions so customers will be able to keep the same networks, IP, and routing policies in place while moving workloads. This eliminates the need for extensive application dependency mapping when migrating applications to VMware Cloud on AWS. It also includes high performance Layer 2 extensions, data synchronization, traffic analysis, WAN optimizations, and built-in IPsec VPN connectivity that will enable secure, efficient, and effective cloud migration with no impact to application uptime.

Application Availability and Business Continuity for Mission-Critical Workloads
VMware Site Recovery™, a new service for VMware Cloud on AWS customers, delivers protection between customer data centers and VMware Cloud on AWS, or between environments running in separate AWS Availability Zones (AZs). With VMware Site Recovery, customers can lower capital expenditures by eliminating the need for a secondary disaster recovery site, streamline operations with automated orchestration, enable failover and failback with familiar management tools, and increase disaster readiness with non-disruptive, on-demand testing available anytime.

Scale, Security, and Visibility for Mission-Critical Applications
VMware and AWS are expanding the scale, network connectivity, and security capabilities of VMware Cloud on AWS to further support the most resource intensive applications such as Oracle, Oracle RAC, Microsoft SQL Server, Apache Spark and Hadoop.

VMware Cloud on AWS supports 32 host clusters and multiple software-defined data centers (SDDC) per organization today, and will support 10 clusters per SDDC soon. This will enable a single customer to support environments as large as tens of thousands of VMs. Customer SDDC environments run on a high-performance, dedicated, and highly secure next-generation AWS hardware infrastructure.

For application teams, VMware is adding support for Wavefront® by VMware, a VMware Cloud Service that allows customers to visualize, alert upon, and troubleshoot applications running on VMware Cloud on AWS. Wavefront by VMware provides an open API platform supporting more than 80 integrations to collect time-series data from application metrics collectors such as for Java, Ruby, Python, and Go, to service metrics collectors for MySQL, Pivotal, Kubernetes, AWS, and more.

About Amazon Web Services
For more than 11 years, Amazon Web Services has been the world’s most comprehensive and broadly adopted cloud platform. AWS offers over 100 fully featured services for compute, storage, databases, networking, analytics, machine learning and artificial intelligence (AI), Internet of Things (IoT), mobile, security, hybrid, and application development, deployment, and management from 44 Availability Zones (AZs) across 16 geographic regions in the U.S., Australia, Brazil, Canada, China, Germany, India, Ireland, Japan, Korea, Singapore, and the UK. AWS services are trusted by millions of active customers around the world-including the fastest-growing startups, largest enterprises, and leading government agencies-to power their infrastructure, make them more agile, and lower costs. To learn more about AWS, visit https://aws.amazon.com.

About Amazon
Amazon is guided by four principles: customer obsession rather than competitor focus, passion for invention, commitment to operational excellence, and long-term thinking. Customer reviews, 1-Click shopping, personalized recommendations, Prime, Fulfillment by Amazon, AWS, Kindle Direct Publishing, Kindle, Fire tablets, Fire TV, Amazon Echo, and Alexa are some of the products and services pioneered by Amazon. For more information, visit www.amazon.com/about and follow @AmazonNews.

About VMware
VMware, a global leader in cloud infrastructure and business mobility, helps customers realize possibilities by accelerating their digital transformation journeys. With VMware solutions, organizations are improving business agility by modernizing data centers and integrating public clouds, driving innovation with modern apps, creating exceptional experiences by empowering the digital workspace, and safeguarding customer trust by transforming security. With 2016 revenue of $7.09 billion, VMware is headquartered in Palo Alto, CA and has over 500,000 customers and 75,000 partners worldwide.

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