Storage Company Iron Mountain Agrees to Expand Data Center

Pan-Indian expansion includes Pune, Delhi NCR, the second most active peering location in Mumbai

Iron Mountain Incorporated (NYSE:IRM), the storage and information management services company, today announced that, further to the press release dated February 24, 2021, it has closed on the agreement to form a joint venture with Web Werks, one of India’s top colocation data center providers. Iron Mountain expects to invest $150 million over the next two years and anticipates being the majority investor in the venture after the investment period.

Web Werks — which already operates three Tier 3, carrier-neutral data centers in Mumbai, Pune and Delhi NCR — recently announced that they have acquired a land parcel to build a standalone purpose-built Greenfield data center in Navi Mumbai. This new standalone 100,000 square foot structure will be a next-generation, Uptime Tier 3 designed data center with 12.5MW of power and a rich interconnectivity ecosystem consisting of major Telcos, 160+ ISPs and three major Internet Exchanges: De-CIX, Extreme IX and NIXI. The new facility, expected to be ready for service by mid 2022, abuts Web Werks’ existing data center in Navi Mumbai.

“We are very pleased to reach today’s milestone and to join forces with the talented and seasoned team at Web Werks in order to meet the strong customer demand in India,” stated Michael Goh, General Manager, Asia-Pacific at Iron Mountain Data Centers. “Together we look forward to expanding and building new highly connected, secure and compliant data centers in the pan-India region for our hyperscale, network, content and enterprise customers.”

With the latest land expansion, Web Werks is expected to have a combined footprint of 325,000 square feet, provide 16.5 MW of capacity, house six worldwide Points of Presence (POPs), enable access to 160+ ISPs, support 6,000+ servers and support a growing customer base of 850+.

“India is one of the fastest growing digital markets in the world with 560 million internet subscribers and a rapidly growing number of businesses adopting digital transformation and moving workloads to the cloud,” stated Nikhil Rathi, CEO, Web Werks. “We are one of the few data center providers that can provide a pan-India footprint backed by the interconnected, compliant and scalable infrastructure needed to support the insatiable demand in the region.”

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