CapRE’s Data Center Industry Round Up for January 12

Jan 12, 2018
by Josh Anderson

Check out the latest in deals, development and disruptive technology in the data center space for January 12, 2018:

  • Iron Mountain Completes Acquisition of IO: Less than a month after announcing the deal, Iron Mountain has complete its acquisition of IO. As predicted, the final sale priced rose from the initial valuation of $1.31 Billion USD to $1.34 Billion USD. Iron Mountain now owns IO’s four data centers spread across Arizona, New Jersey and Ohio, adding 728,000 sq ft and 62MW to their roster. The Arizona and New Jersey data centers include the potential for an expansion of 77 megawatts.
  • Zayo Lands Major (but Un-named) Tech Advertising Tenant: Zayo Holdings has announced that they’ve been chosen by a leading ad tech company for data center colocation and IP connectivity. “As this customer has rapidly grown over the past few years, so has their need for high-capacity, reliable infrastructure for their data-intensive, latency sensitive solutions,” said an official press release by Zayo. “The additional purchase of colocation space and power now makes this company one of Zayo’s largest colocation customers.”
  • SS&C Technologies to Buyout DST: Kansas City-based DST Systems, a provider data processing, fund accounting, pharmacy benefits claims processing and data center operations, has agreed to a buyout by their Connecticut-based rival SS&C Technologies. SS&C will pay $84 a share for DST Systems. DST’s most notable asset is its Winchester Data Center in a business park near Interstate 435. DST Leadership anticipates that this merger will save the company $150 Million USD.
  • MIT Predicts Ransomware Will Hit Cloud Computing Hard in Near Future: The MIT Technology Review has released a report prdicting that ransomeare is likely to target cloud computing in the coming years, owing to the large amounts of data being migrated to the cloud. They say that smaller cloud providers will likely be most vulnerable to such threats.
  • AWS To Open Innovation Center in Taiwan: Amazon Web Services (AWS) and the government of New Taipei will develop a joint innovation center in this city, situated in northern Taiwan. Set for a March 2018 opening, they hopes to incubate at least 15 startups a year. FCC Partners, a boutique investment bank operating of greater China, will operate the organization. AWS will provide free intellectual capital, AWS cloud computing services and tools, and technical consulting to help startups develop cloud computing or AI (artificial intelligence) applications, said Alex Yung, AWS corporate vice president and greater China managing director, in a statement.
  • Tencent Opens Chongqing Data Center: Tencent, the Chinese internet behemoth, has opened a high performance computing data center in the southwest Chinese city of Chongqing. This facility is located next to a $1 billion data center that Tencent opened in 2015. Tencent hopes to benefit from the strategic placement of the data center in an area known for its proximity to many Chinese manufacturers. Chongqqing will also be the home of Baidu’s next data center project.
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