Iron Mountain continues its aggressive expansion into the data center industry, announcing today that it will acquire IO Data Centers in a $1.3 billion deal that adds four data centers to its growing footprint. The huge deal continues the rapid consolidation in the data center industry, as leading players scale up their platforms ahead of digital transformation of global business.
With its purchase of privately-held IO, Iron Mountain will acquire 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.
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