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NYSE: IRM 36.23 -0.41 (-1.12%) Volume: 163,241 July 16, 2018
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Iron Mountain
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Iron Mountain Begins Construction on Phoenix Data Center Campus Expansion

07/09/2018
In one of the fastest growing data center markets, expansion designed to serve growing demand from large public cloud providers and enterprise customers

BOSTON, July 9, 2018 /PRNewswire/ --Iron Mountain Incorporated® (NYSE:IRM), the global leader in storage and information management services, today announced that it has started construction to expand its data center campus in Phoenix, one of the fastest growing markets in the U.S. The new 550,000 square-foot, 48-megawatt (MW) multi-tenant and cloud facility is designed to meet the security and performance expectations of the largest public cloud providers and maintain the stringent compliance requirements of global enterprise and public sector customers. Iron Mountain commemorates the start of construction with a groundbreaking ceremony today with guests U.S. Congressman David Schweikert, Maricopa County Supervisor Steve Gallardo, Phoenix City Council Member Kate Gallego and representatives from the Arizona Commerce Authority, City of Phoenix, Office of Community and Economic Development, and the Greater Phoenix Economic Council.

Iron Mountain logo (PRNewsfoto/Iron Mountain)

The new data center will be built on a nine-acre parcel adjacent to Iron Mountain's existing 38 MW data center in Phoenix. The new building will help serve the growing demands from new and existing customers – including public cloud providers, financial services, aerospace and technology companies that will benefit from access to 25-plus carrier and network connectivity providers already deployed on the campus. Like other Iron Mountain data center facilities, this new facility will support key standards such as ISO 27001, FISMA High, PCI-DSS Level 1, HIPAA, SOC 2 Type II and SOC 3.

The first of two phases of construction, scheduled for completion in June 2019, will deliver 24 MW of capacity as part of Iron Mountain's estimated $430 million investment in the campus over the next five-year development plan. When combined with current and potential capacity, the Phoenix campus can support up to approximately 100 MW, and Iron Mountain's total data center portfolio potential represents more than 285 MW globally.

"As one of the fastest growing major markets in the U.S., and the 12th largest data center market globally, this expansion opportunity in the Phoenix area is an exciting opportunity for us," said Rick Crutchley, vice president and general manager western region, Iron Mountain Data Centers. "The expanded campus will meet the growing demand from hyperscale, public cloud and global enterprise organizations that appreciate the Phoenix market's unique combination of low power costs, outstanding tax efficiency and low geographic and weather-related risks. We'll be well positioned to bring our capabilities to support customers' needs well into the future."

For more information on Iron Mountain Data Centers, please visit  
http://www.ironmountain.com/Services/Data-Centers.           

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 storagesecure 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.

For More Information:
Owen Davis                                                                 
Iron Mountain Incorporated                                                                   
617-535-2807                                                                                        
owen.davis@ironmountain.com

Cision View original content with multimedia:http://www.prnewswire.com/news-releases/iron-mountain-begins-construction-on-phoenix-data-center-campus-expansion-300677524.html

SOURCE Iron Mountain Incorporated