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TORONTO – Digital Realty (NYSE: DLR), a leading global provider of data center, colocation and interconnection solutions, announced today the grand opening of its third data center in Toronto, further enhancing the company’s ability to support growing data center and colocation requirements in the fourth-largest city in North America. The new facility, which will provide up to 46 megawatts of critical power capacity to the Greater Toronto Area, is located on the site of the former Toronto Star printing plant at One Century Place in Vaughan, Ontario, which served as the largest newspaper facility in Canada for more than 25 years.

Toronto is Canada’s financial and business capital and one of the leading technology clusters in North America with more than 15,000 technology companies along the Toronto to Waterloo corridor. Toronto also tops the North American Cities of the Future1 list, second only to New York, due in large part to its dynamic, diverse and growing population.

“Toronto is home to a booming financial services industry and a burgeoning roster of large technology companies and emerging tech startups for whom digital transformation is driving enterprise initiatives,” said Digital Realty Chief Executive Officer A. William Stein. “We are seeing strong demand for data center expansion in Toronto, with a rapidly growing need for safe, reliable provisioning of IT services and capabilities. We are very excited to be converting the iconic Toronto Star building into a revolutionary new data center, ideal for cloud providers, financial services companies and enterprises of all sizes. The grand opening is another important milestone in achieving our strategic goal of building an unparalleled global network of top-tier data centers in major cities and interconnection hubs around the world.”

“We are extremely pleased Digital Realty has been able to repurpose such a historic site and are delighted they have been able to bring it into the digital transformation era while retaining its aesthetic appeal,” said Brett Miller, Chief Executive Officer at JLL Canada. “This facility will serve the community well as a strong addition to the Greater Toronto Area’s data and technology infrastructure, which is increasingly under-resourced due to the rapid growth of business in this region.”

Digital Realty’s industry-leading flexible design makes it possible to tailor each room based on specific customer requirements, supporting a range of power densities from 1,000 watts to more than 4,000 watts per square meter. Digital Realty’s open platform enables customers to define and implement their data center strategies and needs, with a comprehensive selection of service providers, levels of redundancy, power configurations, and connectivity options to create unique choice and value.

“This new facility will empower our customers to successfully tackle their unique digital transformation objectives with agile data center solutions built for growth and harnessing the power of proximity needed for latency-sensitive applications,” said Erich Sanchack, Digital Realty’s Executive Vice President of Operations. “The layout and scale of the Toronto Star plant allowed us to tailor options for customers based on budget, security, and redundancy needs, and there is simply nothing else like it on the market. The new Toronto data center helps customers remove some of the complexity of cloud migration by offering flexibility in secure multi-cloud connectivity options and offering self-provisioned bandwidth-on-demand.”

About Digital Realty
Digital Realty supports the data center, colocation and interconnection strategies of more than 2,300 firms across its secure, network-rich portfolio of data centers located throughout North America, Europe, Asia and Australia. Digital Realty’s clients include domestic and international companies of all sizes, ranging from cloud and information technology services, communications and social networking to financial services, manufacturing, energy, healthcare and consumer products. https://www.digitalrealty.com/

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AUSTIN, TX – Hostway, a leading managed cloud hosting provider and specialist in compliant hybrid and multi-cloud hosting solutions, today announced its acquisition of the Toronto-based MyHosting.com and Mail2Web lines of business from Ingram Micro. Under the terms of the deal, the MyHosting.com brand, customers and key employees join Hostway; Hostway continues to operate and evolve the MyHosting brand, products and platform.

Hostway plans to leverage the skillset and experience of the MyHosting.com team members to further bolster its capabilities with Ingram Micro’s CloudBlue Automation platforms and will incorporate the platform more broadly in both its direct and wholesale channels.

“We are honored to have the talented and experienced MyHosting.com team members join our family of employees at Hostway and to expand our footprint in Canada with an office in Toronto in addition to our existing location in downtown Vancouver,” said John Enright, SVP and General Manager at Hostway. “We look forward to building upon the innovative products and features the MyHosting.com team has deployed on the CloudBlue platform, and to providing its loyal base of direct customers and resellers with the very best service.”

“For the past 20 years, Hostway has been a dominant player in enabling the largest communications companies in North America to deliver a wide variety of value-added services to millions of subscribers,” said Emil Sayegh, President and CEO of Hostway. “The acquisition of MyHosting.com and our partnership with Ingram Micro, in conjunction with the power and flexibility of the CloudBlue platform, further strengthen and diversify our automation capabilities. Automation platforms like CloudBlue – when combined with our passionate support team, experienced system operations team and skilled system integrators – make us the partner of choice for telecom and cable companies in need of turnkey solutions to offer additional value added services to their customers.”

“Hostway has been a valued, long-term partner of Ingram Micro, and this transaction builds further on our joint commitment to support the business requirements of our customers and the profitable growth of our respective businesses,” said Nimesh Dave, Executive Vice President Global Cloud Computing at Ingram Micro. “Our CloudBlue Automation platform is an excellent gateway supporting the rapidly growing demand for cloud-based solutions, one that enables leading service providers like Hostway to rapidly deploy and scale a wide variety of value-added services for their direct customers and partners. Hostway’s proven track record of providing excellent service offers an exceptional experience for both the MyHosting.com customer base and the talented employees that are joining to the Hostway team.”

About Hostway Services
Hostway Services, Inc. is the world’s most trusted managed compliant hosting provider, delivering managed cloud infrastructure and application hosting solutions for telecommunication and cable companies, as well as software companies including healthcare, SaaS and e-commerce focused organizations. Its team of engineers in North America, Europe, and Asia deliver reliable, secure and scalable web hosting, email hosting, private cloud, managed cloud and hybrid cloud hosting solutions to thousands of customers across ten geographically diverse SSAE 16 and ISO 27001 data centers around the world while ensuring strict compliance such as PCI and HIPAA. At Hostway, every customer interaction is treated as an opportunity to develop a long-term relationship based on trust. Visit http://hostway.com for more information.

About Ingram Micro Inc.
Ingram Micro helps businesses Realize the Promise of Technology™. It delivers a full spectrum of global technology and supply chain services to businesses around the world. Deep expertise in technology solutions, mobility, cloud, and supply chain solutions enables its business partners to operate efficiently and successfully in the markets they serve. Unrivaled agility, deep market insights and the trust and dependability that come from decades of proven relationships, set Ingram Micro apart and ahead. More at http://www.ingrammicro.com.

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ORLANDO, FL – Atlantic.Net, a leading cloud hosting solutions provider, today announced the release of Secure Block Storage (SBS), enabling users to attach additional storage drives to their Cloud Servers to scale their workloads more easily. Designed for 99.999% availability, volumes are automatically replicated multiple times to protect data from component failure. With SBS, storage can be increased on-the-fly, moved between Cloud Servers, and is automatically encrypted at rest. As part of the announcement, Atlantic.Net is offering 50 GB of SBS free for an entire year from the date of signup and just 7.9 cents per additional GB per month. Existing customers can also take advantage of 50 GB of SBS for free through June 19, 2019.

“Here at Atlantic.Net, we remain steadfast in our commitment to providing our customers with cutting-edge tools at cost-effective prices. Combining the capacity of enterprise hard drives with NVMe SSD drives, SBS offers the perfect balance of capacity and performance for any customer’s storage needs,” said Marty Puranik, CEO and President of Atlantic.Net. “Rolling out our SBS system at up to 11x the performance of the competition solidifies us as the price and performance leader for the most popular storage tier.”

Atlantic.Net’s SBS is easy to use, highly redundant, easily accessible, and scalable. The system is ideal for running mission-critical applications that require robust and scalable block storage, as well as for running queries on databases that require low latency and high performance.

For more information on Atlantic.Net’s launch of SBS, please visit www.atlantic.net/cloud-hosting/block-storage

About Atlantic.Net
Atlantic.Net is a global web hosting provider with over 24 years of experience, specializing in managed and non-managed Windows, Linux, and FreeBSD server hosting solutions. With a focus on security, compliance and simplifying the experience for users, Atlantic.Net provides business-class dedicated and cloud hosting solutions. Solutions are offered across its hosting facilities in San Francisco, New York, London, Toronto, Dallas and Orlando. With 24/7 expert support and a range of audited certifications such as SSAE 18 SOC 1 and SOC 2 (Formerly SAS 70), HIPAA and HITECH, the company is also known for its reliability, as dictated by its 100 percent uptime service-level agreement (SLA). For more information, please visit www.atlantic.net.

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Microsoft has deployed (indeed sunk) a shipping-container-sized datacenter in the sea near Orkney Islands in Scotland as a part of its moonshot initiative dubbed Project Natick. The 40-feet long datacenter can embrace 12 racks of 864 servers and 27.6 petabytes of disk. It can hold data and process information for up to five years without maintenance, Microsoft claimed. The capsule-shaped Northern Isles datacenter is as powerful as thousands of high-end personal computers. It will harness the low temperature of sea water to cool the datacenter externally. The biggest benefit of this datacenter will be dramatic reduction in cooling costs and electricity consumption. For cooling the internal hardware, Microsoft is using specialized radiators that leverage technology from submarines. The datacenter was tested in France and has been deployed at the European Marina Energy Centre. Natick will use artificial intelligence (AI) to detect any signs of failure in servers or any other equipment….
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LONGMONT, CO – Burlywood, an innovator of flash-based storage for cloud data centers, today introduced TrueFlash™, a storage software solution that is optimized to customer applications, uses flash more efficiently, and delivers improved performance in a more cost-effective manner than current SSDs.

Led by an expert team with decades of storage controller experience, Burlywood has built an architecture that allows for rapid innovation and flexible integration of customer requirements. With the introduction of TrueFlash, Burlywood is providing the industry’s first modular flash storage architecture that accelerates time to market of new flash technology while delivering disruptive cost and performance benefits to customers deploying cloud storage solutions, all-flash arrays, and hyper-converged solutions.


“With a predicted growth rate in data of 500 percent over the next 10 years, many IT managers struggle to balance the need for faster, denser and lower-powered flash against the expense and limited availability that the current supply chain yields,” said George Crump, President and Founder of Storage Switzerland. “By changing how storage works and how it is delivered, Burlywood is attempting to lower flash costs and improve time to market in order to provide cloud companies with the advantages of SSDs at 20 to 40 percent less cost over current solutions.”

By deploying a disruptive business model that reduces cost and improves supply, Burlywood is making it easy for hyperscale enterprises, content delivery networks, and cloud providers to transition to an all-flash architecture. TrueFlash allows for the use of the latest flash technology with better performance earlier in the lifecycle of flash nodes. Integrated multi-stream Quality of Service (QoS) provides advanced traffic management and consistent performance, tuning it to match the exact needs of customers’ environments and workloads.

TrueFlash is the industry’s first modular flash controller architecture designed specifically for hyperscale data centers and AFA/HCI systems. By supporting all storage formats, any protocol and current or future NAND memory, Burlywood provides organizations with full SSD solutions based on the TrueFlash software and FPGA optimized to customers’ specifications.

“It comes as no surprise that companies everywhere are looking for a solution that will allow them to deploy an optimized storage environment for their applications at the lowest possible total cost of ownership, and shortest time to market” said Tod Earhart, CEO of Burlywood. “While an all-flash data center is ideally suited to deliver the benefits of performance and density, cost has long been a limiting factor. By using the latest flash available for a specific application, combined with an advanced programmable controller and Burlywood TrueFlash software, we are able to deliver an enterprise-class flash solution at a cost of up to 40 percent less while increasing performance and expanding capacity.”

TrueFlash is available via an array of flexible business models with dedicated in-house support, technical and strategic support in all phases of its lifecycle, and collaborative roadmap planning from Burlywood. Additional information about TrueFlash is available at https://www.burlywoodtech.com

About Burlywood
Powered by a highly productive, expert development team comprised of executives from companies such as HP, Western Digital, Hitachi, Micron and Intel, storage software startup Burlywood is accelerating the transition to the all-flash data center. The company’s patented TrueFlash technology changes how storage works and is delivered by lowering flash costs, increasing storage density and increasing flash performance while shortening the time to market. The new flash storage paradigm is ideally suited for customers in the hyperscale, content delivery and cloud markets that want to move to all-flash environments but have found that current SSD offerings are a constraint. Find out more about how Burlywood is allowing flash to be used as it was intended at https://www.burlywoodtech.com

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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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