phoenix

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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EDISON, N.J. – Data center solution provider Bruns-Pak has created the first East Coast showroom to demonstrate the ServerLIFT line of lifting solutions for data center equipment. Located in Bruns-Pak’s Edison, NJ facility, the showroom currently features the ServerLIFT SL-500X® Powered Lift, designed to lift, move, and install servers and other heavy IT equipment within the narrow confines of server room aisles.

Premier IT equipment and server handling solutions provider, ServerLIFT, and mission-critical data center designer and builder, Bruns-Pak, have been working together since June 2017 on industry thought-leadership initiatives. Their collaboration has resulted in part with the new showroom where guests can visit with Bruns-Pak staff and learn about ServerLIFT solutions, operation, and safety, as well as data center (DC) safety. Visitors can access helpful resources highlighting assisted lifting devices (ALDs) and all of ServerLIFT’s data-center solutions.


Mark Evanko, Principal at Bruns-Pak, explained that the showroom would benefit the customers of both companies by demonstrating their equipment and services, while helping them expand their own professional network and gain access to industry-critical information. “We have customers right here, in New Jersey, who would benefit from seeing these popular server lifts in action,” says Evanko. “It is not safe for the equipment or the data center staff to be removing, transporting, and installing heavy and expensive servers without the help of a motorized server lift such as the SL-500X. Getting hands-on experience with the lifts is going to help them see why these units are a must-have for the more progressive data centers.”

A lot of data center managers are not even aware that there are server lifts created specifically for the data center environment. Evanko stated that by providing ServerLIFT devices in their showroom, Bruns-Pak experts can work with customers in-house. And, with access to ServerLIFT, the original equipment manufacturer (OEM), it can help deal with the constant changes of equipment servers, and racks. Evanko urges data center industry leaders to experience the difference between lifting heavy equipment by hand vs. using a data center- designed lifting device.

Interested company staff and individuals may schedule a showroom visitation and demonstration to test a ServerLIFT for themselves by setting up an appointment with Steve Bashkin, the Sales Director at ServerLIFT Corporation, or Mark S. Evanko at Bruns-Pak. Both company representatives can provide quotes and other information about ServerLIFT’s data center solutions.

The new demo room is located at 999 New Durham Road, Edison, NJ 08817.

About Bruns-Pak
Bruns-Pak specializes in developing corporate, higher education, healthcare, and public sector technology centers. Since 1980 the company has participated in over 6,000 data center projects that encompass consulting, design/engineering, construction management, general construction, and commissioning services. Additional services delivered based on demand in today’s marketplace include data center “hybrid,” IT, network, cybersecurity, migration, SaaS, colocation, cloud, container, relocation, and financing services typically associated with these projects. Bruns-Pak can be reached at 888-704-1400 or http://www.bruns-pak.com.

About ServerLIFT
ServerLIFT Corporation was founded in response to a growing demand for a safer and efficient way to handle servers and other IT equipment in the data center. They have forever changed the way IT equipment is handled, creating a competitive advantage for data center managers. ServerLIFT Corporation is headquartered in Phoenix, Arizona and is used in 60 countries worldwide. ServerLIFT can be contacted at 602-254-1557 or at serverlift.com

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DENVER – H5 Data Centers, a national colocation and wholesale data center provider, today announced the installation of a solar array at its Denver data center campus. The photovoltaic system will be completed by the end of November and capable of delivering up to 478 kWs of renewable power to its data center customers. Over the life of the system, approximately 23 million kilowatt hours of energy will be generated, or enough to power nearly 2,650 homes in Colorado for a year. As part of H5’s commitment to sustainability, it has invested over $10 million in energy efficiency improvements at its Denver data center campus.

“H5 Data Centers continues to make investments across our national footprint to improve the reliability and efficiency of our data centers,” said Josh Simms, founder and CEO of H5 Data Centers. “We are committed to providing reliable, long-term data center solutions for our customers. Not only will our customers realize a much higher percentage of solar power in their energy mix, but also we expect overall power costs at the Denver data center to be more economical in the future.”


In 2016, H5 Data Centers was the recipient of Xcel Energy’s Data Center Efficiency Award. Xcel Energy recognized H5’s sustainability leadership through its commitment to energy efficiency and investment in data center infrastructure improvements.

“H5 Data Centers is a clear leader in their sector,” said Alan Russo, senior vice president of sales and marketing at REC Solar. “Their top-notch data centers and robust service offerings are complimented by their continued investment in future sustainability. We are thrilled to be working with them and look forward to the system generating power soon.”

About H5 Data Centers
H5 Data Centers is one of the leading privately-owned data center operators in the United States with nearly 2 million SF under management. The company designs and engineers flexible and scalable data center and interconnection solutions to address the business and operational requirements of its customers. H5 Data Centers currently owns data centers in Ashburn, Atlanta, Charlotte, Cincinnati, Cleveland, Denver, Phoenix, San Jose, San Luis Obispo, and Seattle. For more information, visit www.h5datacenters.com.

About REC Solar
REC Solar is a nationwide leader providing complete commercial, public sector and utility-scale solar solutions. In 1997, our founders had a simple idea – create better power. Since then we have helped hundreds of organizations across the United States think differently about energy; saving money, creating predictability in operating costs, reducing their environmental impact, and pushing their business forward. REC Solar offers all design, engineering, financing and maintenance services in house, allowing for a simple customer experience. Our unmatched expertise and quality are enhanced by the creativity we bring to each project. By integrating into the core beliefs, values and community of the organizations we work with, we generate greater business value. For more information, visit www.recsolar.com.

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PHOENIX, ARIZONA – This implementation makes phoenixNAP the first Amazon Web Services (AWS) edge location in the state, enabling it to provide a direct access to AWS cloud services with low latency and high bandwidth. Beginning today, companies all across the southwest will have a new choice in how they connect to AWS from their on-premises and colocation environments.

AWS Direct Connect is a dedicated network connection that brings robust and secure connectivity between on-premises or colocation environments and the cloud. Enabling organizations to transfer data via a private connection, AWS Direct Connect is ideal for organizations with latency- or compliance-sensitive workloads.


“Establishing connectivity into AWS Direct Connect in Arizona is a win for the entire state,” says Ian McClarty, President of phoenixNAP. “The availability of a dedicated network will enable faster, more secure, and highly efficient data transfer and workload migrations, while reducing bandwidth costs. We are honored to work with AWS to bring this innovation to Arizona and we are excited for the opportunity to enable companies all over the southwest to leverage AWS. With our focus on providing security and hybrid cloud solutions, working with AWS supports our vision and helps to answer our customers’ demands.”

The reduced bandwidth costs and consistent network performance of AWS Direct Connect make it more accessible to a wide variety of enterprise organizations. Gartner estimates that the worldwide cloud services market will grow 18 percent this year to a total of $246.8 billion. The increased market demand for cloud services and hybrid infrastructures is common to many industry verticals and sectors, including regulated industries that require advanced data security solutions.

AWS Direct Connect enables organizations under strict security and compliance regulations to transfer their data to the cloud. The service can be used to access AWS services in any AWS Region globally and create high-performance hybrid infrastructure and provide improved security and efficiency for sensitive workloads.

“The direct access to AWS Direct Connect services will make a big difference for many businesses we work with,” adds William Bell, VP of Products at phoenixNAP. “Reduction in latency and private connectivity will enable us to provide a new level of hybrid cloud services within our Phoenix data center facility, offering our customers direct access to AWS and the ability burst resources as necessary, while still maintaining full control over their compliance-focused private cloud deployments. Establishing connectivity into AWS Direct Connect in our Arizona facility allows us to service our enterprise customers’ private clouds, high-security applications, and specialized infrastructure with direct access to the cloud.”

More details about the service can be found here: https://phoenixnap.com/aws-direct-connect

PhoenixNAP is a Premier Service Provider in the VMware® Cloud Provider Program and a Platinum Veeam Cloud & Service Provider partner. PhoenixNAP is also a PCI DSS Validated Service Provider and its flagship facility is SOC Type 1 and SOC Type 2 audited.

About phoenixNAP
PhoenixNAP is a global IT services provider offering progressive Infrastructure-as-a-Service solutions from locations worldwide. Our bare metal server, cloud, hardware leasing and colocation options are built to meet the evolving technology demands businesses require without sacrificing performance. Scalable OpEx solutions to support with the systems and staff to assist. PhoenixNAP global IT services. Visit http://www.phoenixnap.com and follow us on Twitter, Facebook, LinkedIn and Google+ for more information.

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Overland Park, Kan. – QTS Realty Trust (NYSE: QTS), an international provider of data center, managed hosting and cloud services, today announced it has commenced development of a mega data center campus in Ashburn, Virginia. Since the end of the second quarter of 2017, the Company has agreed to acquire a total of 52 acres of land in Ashburn, Virginia in two parcels for a total purchase price of $53 million. The first parcel, representing 24 acres and a $17 million purchase price, closed during the third quarter of 2017. The second parcel, representing 28 acres and a $36 million purchase price, closed subsequent to the end of the third quarter of 2017. The combined site is located adjacent to QTS’ existing Vault campus in Dulles, Virginia, and provides significant capacity to support the Company’s ongoing growth in the nation’s largest Tier 1 data center market. In addition, the combined land parcels enhance the company’s strategic options in the Northern Virginia market where available land for development has become increasingly scarce. QTS believes the new combined site can ultimately support a total of more than 700,000 square feet of raised floor capacity and 140 megawatts of gross power.

QTS has commenced construction on the first 24-acre parcel of land in Ashburn, and currently expects to deliver Phase 1 of its multi-tenant development, representing approximately four megawatts of critical sellable capacity, by mid-2018. To date, QTS has pre-leased 2.2 megawatts, representing over 50 percent of Phase 1 development capacity, to a global health insurance provider, reflecting typical enterprise wholesale pricing. QTS remains in active dialogue with a number of potential customers and currently expects to sign additional pre-lease commitments prior to the completion of Phase 1 development. Ultimately, the pace of future development at the Northern Virginia site will be dictated by market demand and ongoing discussions with existing and potential customers.


Through the first half of 2017, the Northern Virginia data center market has accounted for approximately 25 percent of total wholesale capacity absorption among the top 10 data center markets in the U.S., largely driven by strong demand from hyperscale companies, according to JLL. QTS’ mega scale data center development in Ashburn, Virginia supports the next phase of the Company’s growth strategy. This approach includes an intentional focus on satisfying large, multi-megawatt requirements, engineered to meet the need for speed, flexibility, infrastructure visibility, economics and operator excellence. Together, with its recently introduced QTS HyperBlock solution, which delivers multiple smaller block deployments over time, QTS is able to deliver a broad set of solutions designed for hyperscale customers.

“We are excited to have additional sellable capacity in a strategic QTS market to expand our ecosystem of more than 130 customers currently supported within our Northern Virginia footprint,” said Chad Williams, Chairman and CEO – QTS. “Our fully-integrated 3C platform, combined with mega data center scale, position QTS to take advantage of increasing hybrid IT requirements, particularly from hyperscale companies.”

Additional land acquisitions
Since the end of the second quarter of 2017, QTS also purchased land for future development in two additional strategic markets. During the third quarter of 2017, QTS acquired 84 acres of land in Phoenix, Arizona for a purchase price of $25 million. The land parcel is located approximately four miles from QTS’ existing data center in Phoenix, and provides the opportunity for significant future potential expansion. Phoenix remains a high demand data center market due to an abundance of cost-effective power, fiber-rich connectivity, and low natural disaster risk.

Subsequent to the end of the third quarter of 2017, QTS acquired 92 acres of land in Hillsboro, Oregon for a purchase price of $26 million. Hillsboro, Oregon is attracting technology companies and rapidly becoming one of the largest hyperscale data center markets on the west coast due to multiple key factors, including affordable power, robust connectivity, and local and state tax incentives.

QTS plans to complete pre-construction work over the coming months to position both the Phoenix and Hillsboro locations for future development. Ultimately, development of either site into sellable data center capacity will be subject to market demand and ongoing interest from existing and potential new customers.

“Our announced development in Ashburn combined with new strategic optionality in Phoenix and Hillsboro, enhance QTS’ ability to deliver scalable capacity solutions in the top U.S. hyperscale data center markets,” said Jeff Berson, Chief Financial Officer – QTS. “The ability to extend our hyperscale growth strategy with a de-risked development plan is consistent with QTS’ overall balanced approach to capital allocation.”

About QTS
QTS Realty Trust, Inc. (NYSE: QTS) is a leading provider of secure, compliant data center, hybrid cloud and managed services. QTS features the nation’s only fully integrated technology services platform providing flexible, scalable solutions for the federal government, financial services, healthcare and high tech industries. QTS owns, operates or manages more than 5 million square feet of data center space and supports more than 1,100 customers in North America, Europe and Asia Pacific. In addition, QTS’ Critical Facilities Management (CFM) provides increased efficiency and greater performance for third-party data center owners and operators. For more information, please visit www.qtsdatacenters.com, call toll-free 877.QTS.DATA or follow us on Twitter @DataCenters_QTS.

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PHOENIX, AZ – PhoenixNAP®, a global IT services provider offering cloud, bare-metal dedicated server, colocation, and Infrastructure-as-a-Service (IaaS) solutions, today announced the upcoming launch of its Data Security Cloud – a new cloud security platform architected on the latest VMware® technologies. PhoenixNAP’s Data Security Cloud will address growing security concerns for businesses of all sizes and across industries, including those with heavy compliance and security demands to protect their workloads in the cloud.

According to reports, more than 90 percent of traffic resides within the data center, where perimeter security protections do not inspect the traffic*, and the average data center experiences two successful attacks per day**. The problem is growing quickly as almost two billion data records around the world were lost or stolen during 918 different cyberattacks in the first half of 2017, an increase of 164 percent over the same period last year. The toll on businesses is significant: two-thirds of firms breached had their share price negatively impacted with a cost to shareholders of over $52.40 billion. Today the question for business and security leaders is not if there will be a breach but when and how to contain the impact.


“The introduction of phoenixNAP’s Data Security Cloud makes it possible for organizations of all sizes to confidently tackle the strictest security and compliance-focused workloads in a multi-tenant, cloud-based environment. Supported by our flexible solutions team, any organization will be able to make a secure and easy transition to the cloud,” says Ian McClarty, President at phoenixNAP. “With VMware NSX® at its core, Data Security Cloud offers highly granular security of virtualized workloads through advanced capabilities such as micro-segmentation, distributed firewalling, and VPN. Customers get a Secure-by-Design cloud environment with protection across not only the perimeter but at the application level as well.”

PhoenixNAP’s Data Security Cloud is built to provide fast, secure and reliable services to businesses handling dynamic loads of sensitive data. Data Security Cloud will provide all-round protection for sensitive workloads leveraging advanced security capabilities of the VMware NSX network virtualization. VMware NSX decouples network and security functions from the underlying physical infrastructure and embeds them directly into the hypervisor, distributing them across the data center. This fundamental shift in how security is delivered can help overcome the shortcomings of legacy architectures. It allows intelligent and automated security policies to travel with virtual workloads regardless of their placement in the cloud and independent of the physical network topology, to help maintain the highest level of protection.

“By using VMware NSX as the core enabler to the new Data Security Cloud service, phoenixNAP is providing a comprehensive offering that makes security both application focused and intrinsic to the infrastructure,” said Jay Workman, senior director, Cloud Provider marketing at VMware. “This is a powerful example of the security capabilities of VMware’s next-generation solutions, which enable partners, such as phoenixNAP, to create innovative new offerings that will help differentiate them in the industry.”

More details about the technology powering Data Security Cloud will be unveiled in an exclusive webinar co-hosted with VMware on October 17th, 2017. The new platform will be generally available in November.

To register for the webinar and learn more, visit https://onlinexperiences.com/scripts/Server.nxp?LASCmd=AI:4;F:QS!10100&ShowKey=43113.

PhoenixNAP is a Premier Service Provider in the VMware Cloud Provider Program. PhoenixNAP is also a PCI DSS Validated Service Provider and its flagship facility is SOC Type 1 and SOC Type 2 audited.

About phoenixNAP
PhoenixNAP is a global IT services provider with a focus on cyber security and compliance readiness, whose progressive Infrastructure-as-a-Service solutions are delivered from strategic edge locations worldwide. Its cloud, bare metal dedicated servers, hardware leasing and colocation options are built to meet always evolving IT businesses requirements. Providing comprehensive Disaster Recovery solutions, DDoS protected global network, hybrid IT deployments with software and hardware based security, phoenixNAP fully supports its clients’ business continuity planning. Offering scalable and resilient opex solutions with expert staff to assist, phoenixNAP supports growth and innovation in businesses of any size enabling their digital transformation. To learn more about phoenixNAP’s global IT services, visit http://www.phoenixnap.com and follow them on Twitter, Facebook, LinkedIn and Google+.

References:
Cisco Global Cloud Index: Forecast and Methodology, 2015–2020
Global survey by PriceWaterhouseCoopers (Global State of Information Security Survey 2015, PriceWaterhouseCoopers, 2014 )
Gemalto interview CNBC Sept 2017

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