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BOSTON – Iron Mountain Incorporated (NYSE: IRM), the storage and information management services company, has acquired EvoSwitch Netherlands B.V and EvoSwitch Global Services B.V. (“EvoSwitch NL”) for €205 ($235) million. The transaction provides 11 megawatts (MW) of existing data center capacity in the Netherlands, which is 100% leased, with expansion capability of an additional 23 MW, for total potential capacity of 34 MW.

Founded in 2007, EvoSwitch NL is a leading global brand and provider of multi-tenant data center space, operating one of the largest colocation facilities centers in the Metropolitan Region Amsterdam (MRA). Its existing campus supports more than 50 connectivity and telecommunication providers, including world-leading internet exchanges, such as the Amsterdam Internet Exchange AMS-IX. The MRA is a critical node in the FLAP data center market (Frankfurt, London, Amsterdam, Paris), which totaled approximately 1160 MW at the end of 2017. The MRA experienced net absorption of more than 21 MW of space in the fourth quarter of 2017, making it the second largest data center market in Europe and a Top 5 global market. This transaction enhances Iron Mountain’s presence in the important FLAP market, following Iron Mountain’s move into London early this year through the purchase of a data center facility from Credit Suisse.

The MRA region also boasts the lowest average energy prices and the most reliable energy grid among FLAP markets. EvoSwitch NL has focused on sustainable operations since its founding and had the first 100% carbon neutral data center facility in the Netherlands using wind, hydro and biomass power, consistent with Iron Mountain’s commitment to offsetting 100% of its data center carbon footprint.

EvoSwitch NL has a diversified base of global customers including multinational enterprises, cloud service providers and public sector institutions. Leaseweb Netherlands B.V., (“Leaseweb NL”), a related party of the seller and a large cloud hosting company with operations in 35 countries, represents approximately 45% of EvoSwitch NL’s contracted revenue under a 10-year lease agreement, making it one of Iron Mountain Data Centers’ Top 5 customers. No other customer represents more than 15 percent of total revenue.

The EvoSwitch NL data center acquisition includes two locations in the MRA. The first is a state-of-the-art facility totaling 150,000 square feet of space with 87,000 square feet of existing data halls, representing approximately 11 MW of existing power capacity. Expansion of a further 2 MW is underway at this location, with 600 kilowatts preleased to Leaseweb NL. This location is expandable to a total of 430,000 square feet of space that can support additional data halls totaling 14 MW, bringing the first location to 27 MW of total potential capacity.

The second location is a site that can support a 57,000 square-foot facility including 41,000 square feet of data hall development. Expansion capacity at this site can support a further 7 MW, bringing total potential capacity for the two locations to 34 MW.

“We are pleased to welcome the EvoSwitch team and its customers to Iron Mountain. The seasoned management team has operated in the data center business for more than 11 years and delivered consistent growth,” said Mark Kidd, senior vice president and general manager, Iron Mountain Data Centers. “EvoSwitch NL’s focus on security, energy efficiency and its solid track record of continuous uptime is a great fit with our existing data center organization. When combined with current and potential capacity in Iron Mountain’s existing data center portfolio, our total portfolio now represents more than 285 MW across many of the most attractive and highest net absorption markets in the U.S. and globally.

“Having established our significant international data center platform through both recent transactions and organic growth, we look forward to continued integration of the business, and our near-term growth will be primarily from the development of new space in the attractive global markets where we have a presence,” Kidd added.

Eric Boonstra, chief executive officer, EvoSwitch said, “We look forward to combining our EvoSwitch NL business with that of Iron Mountain Data Centers, which shares our commitment to customer service and operational excellence. This transaction represents an opportunity for us to extend relationships with our existing customers by providing data center expansion capacity in important continental European markets, and the potential to provide capacity in the important Amsterdam region to Iron Mountain’s legacy data center customer base.”

Leaseweb founder and CEO Con Zwinkels added, “We share Eric’s enthusiasm for this acquisition of EvoSwitch NL. As a global cloud hosting company serving more than 17,500 customers worldwide, it is important for us to accommodate their growing needs. Through this transaction, Leaseweb has improved access to a broad portfolio that includes Iron Mountain’s data centers around the globe. We are pleased to be partnering with a company that has such a strong reputation for security and reliability.”

Transaction Economics

The consideration of €205 ($235) million, represents a multiple of approximately 14x 2018 EBITDA, excluding integration expense. The purchase agreement also includes a future revenue credit to Leaseweb, in the amount of $25 million, which may be utilized for future expansion and new leasing in any of Iron Mountain Data Centers’ other global locations prior to June 2028, subject to other terms.

Iron Mountain projects a stabilized net operating income yield of 12% – 13% following build-out and lease-up of the expansion capacity at the EvoSwitch NL locations. The existing EvoSwitch NL capacity is expected to generate annualized revenue of approximately $30 million at mid-50% Adjusted EBITDA margins. Including integration costs, Iron Mountain expects the transaction to result in modest AFFO dilution of approximately 0.5% in 2018, and for the acquisition to be accretive in 2019 following integration.

While the EvoSwitch NL acquisition was not part of Iron Mountain’s previously disclosed 2020 plan, the transaction supports the company’s goal to accelerate Revenue and Adjusted EBITDA growth through a shift in mix to faster-growing, higher-margin businesses. The transaction is debt financed. The company remains on track to reduce its lease-adjusted leverage ratio to the mid-5x range by year-end 2018, and is committed to its 2020 plan to reduce its 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%.

About EvoSwitch NL
EvoSwitch NL was founded in 2007 as part of the Ocom Group (www.ocom.com), Europe’s largest privately owned internet services company, and the first carbon and carrier-neutral data center in the Netherlands. Since then it has grown continuously, reflecting the growth of the Internet in general and its customers in particular. Following through on its carrier-neutral proposition, it has also built up a diverse ecosystem of telecommunications carriers and network service providers that help customers connect cost-effectively and with confidence. Following the sale of EvoSwitch NL, the selling entity, EvoSwitch International B.V. will remain part of the Ocom Group and will continue as a brand and data center operator, with operating companies EvoSwitch Germany GMBH and EvoSwitch USA, Inc.

About Iron Mountain
Iron Mountain Incorporated (NYSE: IRM), founded in 1951, is the global leader for storage and information management services. Trusted by more than 225,000 organizations around the world, and with a real estate network of more than 85 million square feet across more than 1,400 facilities in over 50 countries, Iron Mountain stores and protects billions of valued assets, including critical business information, highly sensitive data, and cultural and historical artifacts. Providing solutions that include information management, digital transformation, secure storage, secure destruction, as well as data centers, cloud services and art storage and logistics, Iron Mountain helps customers lower cost and risk, comply with regulations, recover from disaster, and enable a more digital way of working. Visit www.ironmountain.com for more information.

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SOUTHFIELD, MI – Future Hosting, a managed VPS and dedicated server hosting provider, advises Drupal hosting clients who have not patched their site recently to check for signs of compromise or malware infection. Drupal sites that have not been patched against the “Drupalgeddon2” vulnerabilities may have already been compromised.

The Drupal project released a series of patches to fix a remote code vulnerability at the end of March. Further patches will be released on April 25 and sites should be upgraded when the new patches are available.

“Future Hosting is home to thousands of Drupal sites and we’re seeing a constant flood of attacks using this vector,“ said Maulesh Patel, VP of Operations of Future Hosting, “The attacks are so widespread that it is unlikely that any unpatched Drupal site on the web will escape being compromised.”

More than a million websites are based on Drupal. The vulnerability can be used to gain complete access to a Drupal site’s code and data by sending a payload to a known URL — a process that is easy to automate. Patched sites are safe, but unpatched sites are being hacked by automated botnets.

Hosting clients with sites based on Drupal 7 should upgrade to at least Drupal 7.58. Sites based on Drupal 8.5.X should be updated to Drupal 8.5.3. Patches have been released for Drupal 8.4, but earlier 8.X versions are unsupported. Patches are available for Drupal 6 via the Drupal 6 LTS project.

Future Hosting advises that Drupal sites that have not already been patched should be checked for the presence of malware using a reliable malware scanning tool.

About Future Hosting, LLC
Founded in 2001, Future Hosting is a privately held leading Internet solutions provider specializing in managed hosting, including Dedicated Servers, Virtual Private Servers, and Hybrid Virtual Private Servers. The company has built a strong reputation for its high-quality service, innovative pricing models, and 3-hour Service Level Agreement. Future Hosting is based in Southfield, Michigan.

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REDWOOD CITY, CA – Equinix, Inc. (Nasdaq: EQIX), the global interconnection and data center company, today announced the completion of its acquisition of Metronode, a leading data center provider operating facilities throughout Australia.

The acquisition makes Equinix the market leader in Australia with 15 International Business ExchangeTM (IBX®) data centers nationwide. It expands the company’s operations in Sydney and Melbourne, and provides a presence in four new markets: Perth, Canberra, Adelaide and Brisbane.


Digital transformation could add as much as A$45 billion (approximately US$35 billion) to Australia’s gross domestic product (GDP) by 2021, according to new joint research from Microsoft and IDC1. The expanded Platform Equinix® will provide significant opportunities for Australian organizations to continue their digital transformation, and move their IT infrastructure, applications and services closer to the digital edge in proximity to global customers and partners.

The closure follows an agreement Equinix made with Ontario Teachers’ Pension Plan in December 2017 to acquire all the equity interests in Metronode group of companies in an all-cash transaction for A$1.035 billion, or approximately US$804 million.

  • The Metronode assets add more than 860,000 square feet (80,000 square meters) of land, 90 percent of which is owned, to the global portfolio of Equinix. These sites add approximately 215,000 square feet (20,000 square meters) of gross colocation space in Australia.
  • The acquisition adds to Platform Equinix two data centers in Melbourne, and three in greater Sydney (including one in Illawarra), meeting customer demand for dual sites in each metro for redundancy and to host their data in network-rich, hyperscale ready facilities. It also adds two data centers to the Equinix portfolio in Perth, and one in each of Canberra, Adelaide and Brisbane, enabling businesses in Australia to locate their data in multiple sites across the country.
  • With Metronode’s strong existing customer base in government and proven track record of supporting both federal and state levels, Equinix is now well-positioned to serve both existing government agencies and new partners in this sector across Australia.
    Additionally, the Metronode site in Perth will become the landing station for the new Vocus Australia Singapore Cable. With the existing submarine cable deployments at Equinix in Sydney,
  • Equinix becomes a leading provider of intercontinental connectivity, improving performance with lower latency and increased flexibility for customers across Australia.
  • The acquisition furthers local growth momentum. Equinix recently completed the phase two expansion of its Sydney 4 IBX (SY4) and the phase three expansion of its Melbourne 1 IBX (ME1) is expected to be completed in Q3 2018.
  • The Equinix footprint in the Asia-Pacific region now includes 40 data centers and extends the company’s global footprint to 200 data centers across 52 markets, enabling customers with increased capacity to enhance their IT infrastructure at the digital edge with Platform Equinix.
  • About 60 employees will join the Equinix team in Asia-Pacific as part of the acquisition.

About Equinix
Equinix, Inc. (Nasdaq: EQIX) connects the world’s leading businesses to their customers, employees and partners inside the most interconnected data centers. In 52 markets across five continents, Equinix is where companies come together to realize new opportunities and accelerate their business, IT and cloud strategies. Equinix.com

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DALLAS, TX – Stream Data Centers is pleased to announce that it has acquired approximately 23 acres for construction of their new Dallas-area campus development in Garland, Texas. When completed in late 2018, the newly-constructed DFW VII facility will offer an expandable 140,000 square foot data center with redundant 40 MW utility feeds from an on-site substation provided by Oncor. Ultimately the campus will total approximately 400,000 square feet.

“Stream’s DFW VII data center will follow a successful formula from our previous Dallas-area developments and benefit from the best practices and improvements we’ve made along the way,” states Paul Moser, Co-Managing Partner of Stream Data Centers.


Stream Data Centers’ new DFW campus development will feature:

  • A 22.66 acre site in Garland, Texas located on Lookout Drive, in close proximity to robust Northeast Dallas, Richardson and Garland amenities, power and fiber infrastructure.
  • Initial 140,000 square-foot structurally-enhanced data center with land available for multiple phases.
  • Two (2) 40 MW utility feeds from a new on-site Oncor substation offering power at competitive transmission rates.
  • Two (2) diverse telco entrances, with multiple fiber providers and a strong mix of local, long haul and dark fiber providers to the site through multiple routes.
  • Designed to meet or exceed size and capital investment requirements under House Bill 1223 sales tax exemption program.
  • Optimal location outside of flight paths, railways and FEMA 500 year flood plain.

Stream has worked with multiple network service providers to secure diverse dark fiber paths back to the major carrier hotels and cloud interconnection locations, allowing our customers to expand beyond the providers that are in the immediate area with access to 100+ network and cloud providers. The site will offer numerous different paths between any major interconnection point or data center in the metro area.

“Our new development in Garland, Texas seeks to address the growing needs of cloud companies and enterprise users in and around the Dallas market,” Moser said. “We believe that our DFW VII data center will meet the needs of companies looking for highly-secure and resilient data center space with low-latency connectivity in the Dallas market.”

About Stream Data Centers
Since 1999, Stream has been an active investor and industry leader, providing premium services, optimized value and critical environments to Fortune 500 companies. To date, Stream has acquired, developed and operated more than two million square feet of data center space in Texas, Minnesota, Illinois, California and Colorado, representing more than 200 megawatts of power. Stream develops and operates highly resilient, scalable and efficient data centers, with products including fully-commissioned Hyperscale Data Centers, Private Data Center™ Suites, Ready-to-Fit™ Powered Shells, Build-to-Suit Infrastructure and Scalable Colocation Environments – all with immediate connection to network carriers and public cloud providers. Stream Data Centers is committed to improving the data center experience through exceptional people and service. Services supporting critical environments and energy procurement leverage the combined skill sets and resources of Stream’s technical real estate professionals with fine-tuned data center and energy expertise, to deliver end-to-end solutions for mission-critical infrastructure needs. By understanding the dynamics of the data center market, Stream is able to forecast customer demand to proactively and cost-effectively deploy the right products at the right time. These disciplines, aligned with significant capital and industry expertise, keep Stream customers ahead of the data center planning curve. Learn more at www.streamdatacenters.com.

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CVE 2018-0950 is the name given to the information disclosure vulnerability of Outlook for which Microsoft released a vulnerability patch this month. This release came almost after 18 months of receiving the report disclosing the bug. It was Will Dormann who discovered this vulnerability in 2016. He is a software vulnerability analyst with Carnegie Mellon Software Engineering Institute’s CERT Coordination Center (CERT/CC) since 2004. This vulnerability can result in the disclosure of sensitive information to a malicious site. Thus, Microsoft Outlook users need to be aware of this vulnerability and its safeguards. Threat Analysis of ‘important’ leak bug and its impact As discovered by Dormann, the CVE2018-0950 flaw affects Microsoft Outlook software, when it renders Rich Text Format (RTF) email messages containing remotely hosted OLE objects hosted on SMB (Server Message Block) server (under the control of attackers). However, other Microsoft applications such as Word, Excel and…
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Dallas, Texas – DataBank Ltd., a Digital Bridge portfolio company and leading provider of business solutions for data center, cloud, interconnectivity and managed services, announces today that its third Dallas data center is now open. The purpose-built, 145,000-square-foot facility (DFW3), strategically located in the North DFW Metroplex suburb of Plano, TX, is available to serve business customers with unmatched capacity and redundancy of design.

“We took the greatest care in custom building this state-of-the-art facility, which offers the latest technology and best practices in power availability, connectivity, efficient cooling and more,” states DataBank CEO Raul Martynek. “With DFW3, we’re proud to boost our total facility count to 14 data centers in eight key markets and offer yet another world-class data hub through which we can deliver our signature local service and national reach.”


“Opening our third data center in DataBank’s home city of Dallas is especially exciting to us,” comments Kevin Ooley, President and CFO of Databank. “We are excited to contribute to this growing area in North Dallas that’s abundant with new enterprise relocations, top tech talent, and opportunity.”

With one of the world’s largest concentrations of publicly traded corporate headquarters, Dallas is a destination market for new data center workloads. The Dallas-Fort Worth area ranked 3rd in the latest JLL Data Center Report, with over 40MWs of new absorption in 2017. In January 2018, Business Insider included Dallas on its list of “10 US cities that are growing fast, offering jobs, and presenting business opportunities.”

DFW3 boasts six separate data halls offering more than 72,000 square feet of raised-floor space for build-to-suit deployments. The facility is highly secure with full perimeter fencing encompassing the building, and around-the-clock onsite security personnel. As with all of DataBank’s data centers, this facility’s Meet-Me-Rooms (MMRs) are connected to the company’s dedicated fiber ring, which offers high-bandwidth access to top-tier network providers. Additional site specifications include:

  • 9MW of usable critical load, expandable to 13MW
  • 40MW (dual 20MW utility feeds) of onsite power deployed via underground diverse delivery
  • N+1 and 2N electrical options
  • Onsite Cloud and managed services
  • Total facility footprint that can be augmented to 265,000 square feet
  • Built to FedRAMP, HIPAA, SOC 1 Type II, SOC 2 Type II and PCI DSS standards
  • Redundant HVAC design for stable airflow, temperature and humidity
  • Highly efficient cooling system and direct venting systems
  • Ability to support HPC and other high density computing workloads/li>
  • Carrier and network-neutral design

For more information, please visit www.databank.com.

About DataBank
DataBank is a leading provider of enterprise-class data center, cloud and interconnection services, offering customers 100% uptime availability of data, applications and infrastructure. DataBank’s managed data center services are anchored in world-class facilities. Our customized technology solutions are designed to help customers effectively manage risk, improve their technology performance and allow them to focus on their core business objectives. DataBank is headquartered in the historic former Federal Reserve Bank Building, in downtown Dallas, TX. For additional information on DataBank locations and services, please visit www.databank.com or call 1 (800) 840-7533.

About Digital Bridge Holdings
Founded in 2013 by Marc C. Ganzi and Ben Jenkins, Digital Bridge is focused on the ownership, investment and active management of companies in the mobile and internet infrastructure sector. Since inception, Digital Bridge has raised over $6.5 billion of debt and equity capital used to acquire and invest in the development of communications infrastructure businesses, including DataBank, Vantage Data Centers, ExteNet, Vertical Bridge, Andean Tower Partners, and Mexico Tower Partners.

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