Iron Mountain Incorporated (NYSE: IRM), the storage and information management services company, today announced that a large U.S. Federal government civilian agency that is at the forefront of the nation's technological progress and achievement, is expanding its existing footprint to Iron Mountain data centers in Manassas, Virginia and Denver, Colorado. Iron Mountain is providing a colocation data center solution in support of the agency’s IT transformation initiatives.
The solution includes migrating the agency from their current proprietary, on-premise data center, into a 4 megawatt space in Iron Mountain’s new Northern Virginia data center, VA-2. In addition, Iron Mountain will facilitate the transition of the agency’s current 1.5 megawatt disaster recovery facility, which is located in Iron Mountain’s Boyers, Pennsylvania data center, into an expanded disaster recovery space in Denver, DEN-1, with an incremental 1 megawatt of power capacity. The lease is expected to commence in the second quarter of 2021.
“We are pleased to have this Federal agency join our robust ecosystems in both Northern Virginia and Denver, as we support their digital transformation strategy,” said Rick Crutchley, Vice President and General Manager, North America at Iron Mountain Data Centers. “The agency’s decision to expand with Iron Mountain underscores their trust in our value proposition for providing secure and quickly scalable data center solutions, with industry-leading compliance.”
Iron Mountain’s Northern Virginia data center campus is an 83-acre site in Manassas, situated in the heart of the world’s largest and fastest-growing data center market, offering low latency and easy access to network / peering interconnection sites in Ashburn and Reston. VA-1, opened in September 2017 is a 12.4 megawatt facility that is fully leased, with carrier-neutral connectivity and easy access to carriers, clouds and IT service providers. The first 4 megawatts at VA-2 was delivered in early July, with that facility representing 24 megawatts of IT capacity at full build-out.
Strategically located in the heart of downtown Denver, DEN-1 is a concurrently maintainable data center, situated in one of the lowest disaster risk areas in the U.S. With more than 11 megawatts of IT capacity, this purpose-built data center provides carrier-neutral connectivity, with access to 12 native carriers and multiple public cloud on-ramps.
Additional highlights from the Iron Mountain data center footprint include:
Support for multiple use cases: hybrid-IT colocation, local production IT, local/regional business continuity/disaster recovery and consolidation/migration in all campuses.
Efficient hybrid-IT enablement: centralized access to hundreds of customers, clouds, carriers, and other IT services providers, making hybrid IT efficient, cost-effective, and secure.
Network density: carrier-neutral campuses working with native network providers, access to diverse meet-me rooms, and the ability to connect to multiple public-cloud on-ramps.
Energy efficiency: powered by 100% renewable energy.
Operational excellence: 100% uptime SLAs.
Industry-leading compliance and security.
Iron Mountain's global data center platform consists of 15 operational facilities across 13 markets and three continents. Including leasable capacity and land and buildings held for future development, Iron Mountain's data center platform can support more than 350 megawatts of IT capacity at full build-out. For more information on Iron Mountain Data Centers, visit https://www.ironmountain.com/digital-transformation/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 90 million square feet across more than 1,480 facilities in approximately 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 secure records storage, information management, digital transformation, 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.
Forward Looking Statements
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995: This release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other securities laws and is subject to the safe-harbor created by such Act. Forward-looking statements include, but are not, limited to statements concerning the migration of the customer’s data and the build out capacity at our Northern Virginia facility. When we use words such as "believes," "expects," "anticipates," "estimates" or similar expressions, we are making forward-looking statements. Although we believe that our forward looking statements are based on reasonable assumptions, our expected results may not be achieved, and actual results may differ materially from our expectations. Although we believe that our forward looking statements are based on reasonable assumptions, our expected results may not be achieved, and actual results may differ materially from our expectations.
These forward-looking statements are subject to various known and unknown risks, uncertainties and other factors. Important factors that could cause actual results to differ from expectations include (i) the impact of the COVID-19 outbreak on our business, operations and financial condition, (ii) our ability to remain qualified for taxation as a real estate investment trust for U.S. federal income tax purposes; (iii) the adoption of alternative technologies and shifts by our customers to storage of data through non-paper based technologies; (iv) changes in customer preferences and demand for our storage and information management services; (v) the cost and our ability to comply with laws, regulations and customer demands relating to data security and privacy issues, as well as fire and safety standards; (vi) our ability or inability to execute our strategic growth plan, expand internationally, complete acquisitions on satisfactory terms, and to integrate acquired companies efficiently; (vii) changes in the amount of our growth and recurring capital expenditures and our ability to raise capital and invest according to plan; (viii) the impact of litigation or disputes that may arise in connection with incidents in which we fail to protect our customers' information or our internal records or IT systems and the impact of such incidents on our reputation and ability to compete; (ix) our ability to execute on Project Summit and the potential impacts of Project Summit on our ability to retain and recruit employees and execute on our strategy (x) changes in the price for our storage and information management services relative to the cost of providing such storage and information management services; (xi) changes in the political and economic environments in the countries in which our international subsidiaries operate and changes in the global political climate; (xii) the impact of executing on our growth strategy through joint ventures; (xii) our ability to comply with our existing debt obligations and restrictions in our debt instruments or to obtain additional financing to meet our working capital needs; (xiv) the impact of service interruptions or equipment damage and the cost of power on our data center operations; (xv) changes in the cost of our debt; (xvi) the impact of alternative, more attractive investments on dividends; (xvii) the cost or potential liabilities associated with real estate necessary for our business; (xviii) the performance of business partners upon whom we depend for technical assistance or management expertise; (xix) other trends in competitive or economic conditions affecting our financial condition or results of operations not presently contemplated; and (xx) other risks described more fully in our filings with the Securities and Exchange Commission, including under the caption “Risk Factors” in our periodic reports or incorporated therein. You should not rely upon forward-looking statements except as statements of our present intentions and of our present expectations, which may or may not occur. Except as required by law, we undertake no obligation to release publicly the result of any revision to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
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