Iron Mountain has agreed to buy two large data centers from Credit Suisse, located in London and Singapore. The Swiss financial services giant will keep its computing infrastructure in the facilities, becoming Iron Mountain's tenant, Iron Mountain announced Thursday.
The deal follows Iron Mountain's acquisition of US data center provider Fortrust and represents the first international expansion of the document and data management REIT's data center business. Credit Suisse will occupy only a portion of each data center, leaving Iron Mountain with capacity to provide colocation services to other customers in two of the hottest data center markets in the world.
The two sites' total power capacity is about 14MW, 4.2MW of which is being used by Credit Suisse.
Iron Mountain agreed to pay $100 million for the facilities. The London site, located in the Slough Trading Estate, measures 120,000 square feet, and the Singapore one, in Serangoon, 153,000 square feet.