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Iron Mountain acquires majority stake in data center provider Web Werks for $150 million

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We missed this earlier: Web Werks, a large Indian data center provider, on February 24 announced a strategic relationship with New York-headquartered Iron Mountain. Iron Mountain will invest US$150 million primary equity into Web Werks over the next two years, the latter said in a press release. After the investment period, Iron Mountain will be the majority investor in the venture. The company said the investment would help it expand its presence in more cities. The planned investment was first reported by the Economic Times in September 2020. Web Werks operates three Tier 3, carrier-neutral data centers in Mumbai, Pune and Delhi NCR. This investment will be used by Web Werks to expand to Bangalore, Hyderabad and Chennai, the company said. Web Werks houses six worldwide Points of Presence (POPs), provides 4 megawatts (MW) of existing capacity, supports 6,000+ servers…

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