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Iron Mountain Incorporated (NYSE: IRM) is a global leader in storage and information management services. With a trust base of over 220,000 organizations worldwide, Iron Mountain manages an expansive real estate network that spans more than 80 million square feet across over 1,350 facilities in 45 countries. The company's mission is to safeguard and preserve what matters most to its customers.
Founded in 1951, Iron Mountain has grown to protect billions of information assets, including crucial business documents, electronic data, medical records, and even cultural and historical artifacts. The company’s extensive solutions portfolio includes records management, data management, document management, data centers, art storage and logistics, and secure shredding. These services help organizations reduce storage costs, comply with regulations, recover from disasters, and better utilize their information.
Iron Mountain is structured as a Real Estate Investment Trust (REIT), and a significant portion of its revenue stems from its storage solutions. Additional revenue is generated through value-added services, primarily targeting enterprise clients in developed markets. The company's business is categorized into three main segments: Global RIM Business, Global Data Center Business, and Corporate and Other Business.
Recent achievements and ongoing projects highlight Iron Mountain's commitment to innovation and customer service. The company continues to expand its data center operations, aiming to cater to the growing need for secure and efficient data storage solutions. Partnerships with leading tech firms and continuous upgrades to their infrastructure underscore Iron Mountain's pivotal role in the digital transformation era.
With its consistent focus on security, compliance, and customer satisfaction, Iron Mountain remains a vital entity in the information management industry. For the latest updates and more detailed information about Iron Mountain, visit their official website at www.ironmountain.com.
Iron Mountain (NYSE: IRM) announced a proposed private placement offering of $500 million in Senior Notes due in 2032. The offering will be fully guaranteed and aims to partially fund the acquisition of ITRenew along with related expenses. The exact terms will be determined based on market conditions. Importantly, these notes will not be registered under the Securities Act and will only be offered to qualified institutional buyers and non-U.S. persons. This move aligns with Iron Mountain's strategy to strengthen its position in the storage and information management sector.
ITRenew has signed an agreement for Iron Mountain (NYSE: IRM) to acquire the company, enhancing Iron Mountain's service offerings in IT Asset Disposition (ITAD). ITRenew, a leader in sustainable decommissioning and data security, has seen significant expansion under ZMC’s ownership, including revenue growth and operational improvements. The acquisition aims to leverage Iron Mountain's extensive enterprise customer base to provide broader, sustainable solutions within the hyperscale data center market, aligning with growing environmental goals.
Iron Mountain has announced a definitive agreement to acquire ITRenew, a leader in data center lifecycle management, for approximately
Iron Mountain (NYSE: IRM) announced a significant 20 megawatt multi-year lease with a Fortune 100 client at its VA-2 data center in Manassas, Virginia, commencing in phases from mid-2022 through mid-2023. This new lease increases the facility's capacity from 30 megawatts to 36 megawatts. Year-to-date, Iron Mountain has secured approximately 44 megawatts in new and expansion leases, surpassing its 2021 target of 30 megawatts. The company emphasizes strong demand for its data center solutions and its commitment to partnering with clients.
Iron Mountain (NYSE: IRM) announced that Barry Hytinen, CFO, will participate in a virtual fireside chat at the 5th Annual Virtual Wells Fargo TMT Summit on November 30, 2021, at 4:00 PM ET. Investors can access the live webcast via the Investor Relations section of www.ironmountain.com. Iron Mountain is a leader in storage and information management, providing a range of services including secure records storage and digital transformation, while serving over 225,000 customers globally.
Iron Mountain reports a 77% increase in net income for Q3 2021, totaling $68 million, alongside record quarterly revenue of $1.13 billion.
This reflects a 9% rise year-over-year, driven by a 21% jump in service revenue and a 3.2% growth in storage revenue. Adjusted EBITDA climbed to $418 million, an increase of 11%. The company also announced a quarterly dividend of $0.6185 per share.
Iron Mountain maintains its full-year guidance, expecting total revenue between $4.415 and $4.515 billion.
Iron Mountain, a leader in storage and information management, will announce its third-quarter 2021 financial results on November 4, 2021, before market hours. A conference call is scheduled for 8:30 A.M. ET the same day to discuss the results. Investors can access the earnings press release, conference call slides, and supplemental financial information at ironmountain.com. The company is recognized for its innovative services in storage, data management, and secure destruction, supporting over 225,000 customers globally.
Iron Mountain (NYSE: IRM) announced that Mark Kidd, Executive Vice President & General Manager of Data Centers, will participate in a virtual fireside chat at the Cowen 7th Annual Communications Infrastructure Summit on August 12 at 1:20 pm ET. A live webcast will be accessible under the Investor Relations section of www.ironmountain.com with a replay available until November 12, 2021. Iron Mountain, a leader in storage and information management, supports over 225,000 customers globally.
Iron Mountain (NYSE: IRM) announced a 2.4 megawatt lease with a major hyperscale enterprise software provider at its WPA-1 data center in Pennsylvania. This agreement, commencing Q1 2022 and lasting ten years, adds to Iron Mountain's extensive data center portfolio. The WPA-1 facility offers over 300,000 square feet of space and operates on 100% renewable energy, featuring geothermal cooling for sustainability. The firm also recently signed a 6 megawatt lease in Virginia, highlighting increasing demand for secure, compliant data center services amidst privacy regulations.
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