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Corporation
COMPUTER HARDWARE & SERVICES | IT Services / Infrastructure & Hosting
io.com

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Stage

Acquired | Acquired

Total Raised

$1.216B

Valuation

$0000 

About IO Data Centers

IO Data Centers is a data center services company that utilizes the latest data center technology to deliver colocation and cloud services to businesses and governments around the world. IO's next-generation colocation offering gives enterprises the flexibility to deploy legacy and cloud applications in a secure and efficient environment. IO operates six state-of-the-art data centers in Arizona, Ohio, New Jersey, Singapore and London. Trusted by some of the most demanding consumers of data center services, IO unleashes the potential for the data center to deliver sustainable business value.

IO Data Centers Headquarter Location

615 North 48th Street

Phoenix, Arizona, 85008,

United States

480-513-8524

Latest IO Data Centers News

Iron Mountain Buys Frankfurt Data Center to Speed European Expansion

Jul 8, 2021

Iron Mountain will acquire a data center to accelerate its expansion in Frankfurt, one of Europe’s most strategic and competitive markets. Iron Mountain will pay EUR 76 million ($90 million US) to buy a 10-megawatt data center from Calcium DC, a unit of the Keppel Group. The deal provides Iron Mountain with immediate capacity in Frankfurt, which is a hotbed of data center construction with most leading developers deploying new projects. Last year Iron Mountain leased its entire FRA-1 project, a 27-megawatt, 280,000 square foot data center in Frankfurt. “This latest investment in one of the most sought-after European markets further solidifies our commitment to invest in the global markets where our customers need us,”said Mark Kidd, Executive Vice President and General Manager of Data Centers at Iron Mountain. “As a leading global data center provider, we are pleased to continue to meet the key growth milestones that this acquisition, and the recently announced expansion in London, represent.” The Keppel data center is a two-story, 20,000 square meter (215,000 square foot) building in the Am Martinszehnten Industrial Park, which is in close proximity to the city center and Frankfurt Airport. The facility currently has 2.6 megawatts of leased capacity and 8 megawatts of capacity available for colocation customers, with the option to expand in the future to add edge computing at the premises. The transaction is expected to close within the next 90 days. New Capacity in a Hot Market Frankfurt is a strong global data center market due to its position as one of Europe’s major commercial and financial hubs. It is one of the FLAP markets (Frankfurt, London, Amsterdam, Paris) that have been the focus of recent data center development in Europe, along with Dublin. Frankfurt offers rich connectivity to network fabrics and service providers, and the data center that Iron Mountain is acquiring has robust network access to DE-CIX, one of the world’s largest internet exchanges. The new capacity will allow Iron Mountain to continue competing for deals in a market where key global players are all adding capacity, including Digital Realty, Equinix, CyrusOne, Vantage Data Centers and CloudHQ. As large tenants experience rapid growth, they are often seeking space on short timelines, and the availability of capacity can be a key decision point. “We are thrilled to be adding an additional data center in Frankfurt to our global platform as it will meet the high demand we are seeing from our enterprise, edge and hyperscale customers in the Frankfurt market,” said Eric Boonstra, Vice President and General Manager, Europe at Iron Mountain Data Centers. Iron Mountain recently announced further expansion in Europe with a 27 megawatt data center build in Slough outside London (LON-2), in addition to 9 megawatts of leasable capacity at its LON-1 data center. Building and Buying In recent years, Iron Mountain has been focused on building new data center campuses. But it was the leading player in data center M&A in 2017-18, when it rapidly expanded its footprint with a flurry of four deals: In July 2017, Iron Mountain announced the  acquisition of FORTRUST  for $128 million. The deal added a 210,000 square foot data center in Denver, 9 megawatts (MW) of existing data center capacity and expansion space for an additional 7 MW. In Oct. 2017, Iron Mountain agreed to buy two data centers from Credit Suisse through a  sale-leaseback transaction  in which the bank will stay on as an anchor tenant, and Iron Mountain will have the ability to lease the 10 MW of surplus space to other tenants. In Dec. 2017, the company said it will  buy IO Data Centers  for $1.3 billion, The deal includes data centers in Phoenix, Scottsdale, Edison, N.J. and Columbus, Ohio spanning 728,000 square feet of space and 62 megawatts (MW) of capacity. The IO footprint includes the potential to add another 77 megawatts of space in Phoenix and New Jersey. In May 2018, Iron Mountain acquired the EvoSwitch data center business for $235 million, gaining entry to the Amsterdam market, one of Europe’s major connectivity hubs.

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Research containing IO Data Centers

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CB Insights Intelligence Analysts have mentioned IO Data Centers in 1 CB Insights research brief, most recently on Aug 24, 2021.

IO Data Centers Patents

IO Data Centers has filed 17 patents.

patents chart

Application Date

Grant Date

Title

Related Topics

Status

12/4/2015

7/31/2018

Cooling technology, Data centers, IBM mainframe operating systems, Building engineering, Thermodynamics

Grant

Application Date

12/4/2015

Grant Date

7/31/2018

Title

Related Topics

Cooling technology, Data centers, IBM mainframe operating systems, Building engineering, Thermodynamics

Status

Grant

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