Chennai: WebWerks, an independent data center provider, announced that it has entered into a strategic relationship with Iron Mountain, who will invest US$150 mn primary equity into WebWerks over the next two years.
After the investment period, Iron Mountain will be the majority investor in the venture. Once completed, this transaction will allow WebWerks to accelerate its expansion across different Indian cities and build capacity to cater to one of the fastest-growing data center markets globally.
The transaction is expected to close within the next 90 days, subject to customary closing conditions.