Iron Mountain’s new 550,000 square-foot, 48-megawatt (MW) multi-tenant and cloud data center 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.

The new facility 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, financials, aerospace and technology companies that would benefit from access to 25-plus carrier and network connectivity providers already deployed on the campus. Like other Iron Mountain data centers, this new facility will support “key” data centers 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 data center campus can support up to approximately 100 MW, while 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.”

IO Data Centers, EvoSwitch, Credit Suisse

Founded in 1951, Iron Mountain is a global provider of 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.

The announcement follows the news of Iron Mountain acquiring several colocation data center providers globally, including IO Data Centers’ US operations (for the amount of $1.34 billion), EvoSwitch’s data center business in the Netherlands (for $235 million), and two Credit Suisse data centers in London and Singapore (for approximately $100 million).