The Acquisition of Web Werks by Iron Mountain

A New Milestone for India’s Data Centre Industry

The Indian data centre provider Web Werks has been fully acquired by its joint venture (JV) partner Iron Mountain, in one of the largest transactions in the country’s data centre industry. This acquisition marks a significant milestone for Web Werks, solidifying its legacy as a key enabler of India’s digital economy. Key Highlights of the Acquisition:

Web Werks was established in 1996 and has grown to become a leading provider of Tier III and Tier IV data centre solutions in India.
The company has secured investments of $150 million in 2021 and $170 million in 2023, with a valuation of over $300 million.
The acquisition is valued at $200 million, with Iron Mountain taking a majority stake in the company.
Web Werks will continue to operate under a new brand identity while serving its enterprise clients without disruption.

The Acquisition Significance
————————
The acquisition of Web Werks by Iron Mountain signifies a significant expansion of the latter’s presence in the Indian market. As a leading global data centre company, Iron Mountain has a strong reputation for providing storage and protection of physical and digital assets. This acquisition will enable Web Werks to benefit from Iron Mountain’s expertise and resources, while expanding its reach and capabilities. Benefits for Web Werks
———————-
The acquisition of Web Werks by Iron Mountain will bring several benefits to the company. These include:

Access to Iron Mountain’s extensive network and expertise in data centre operations, allowing Web Werks to improve its efficiency and scalability.
Increased resources and capabilities, enabling Web Werks to expand its services and offerings to new clients.
Enhanced market presence and reach, with Iron Mountain’s global reputation and expertise in the data centre industry.

Benefits for Iron Mountain
————————-
The acquisition of Web Werks will also bring several benefits to Iron Mountain. These include:

Access to Web Werks’ extensive network and expertise in the Indian market, allowing Iron Mountain to expand its presence and offerings in the region.
Increased market share and reach, with Web Werks’ established client base and reputation in the Indian data centre market.
Improved efficiency and scalability, with Web Werks’ expertise in data centre operations and management.

As part of the transition, Web Werks will now operate under a new brand identity while continuing to serve its enterprise clients without disruption. The company’s founders, Nikhil and Nishant Rathi, expressed their excitement about the acquisition, stating that it marks an exciting new chapter for Web Werks.

“What started with just 40 people and three data centres at 1MW capacity has grown into a team of over 200 with 162 MW of capacity,” Nikhil Rathi, co-founder of Web Werks and NeoSOFT. “Since then, we have blitzscaled to a capability of a total of 6 live data centres in major cities and a family of over 200 people,” he added.

Meanwhile, Nishant Rathi, co-founder of Web Werks and NeoSOFT, added: “While this marks an exciting new chapter for Web Werks, our commitment to fostering growth in the technology sector remains strong.”

“We are thrilled to partner with Iron Mountain, a global leader in the data centre industry, to take Web Werks to the next level and enable the growth of India’s digital economy,” added Nikhil Rathi.

You Might Also Enjoy: Unlocking the Power of Artificial Intelligence in Government Operations

Established in 1996	Providing Tier III and Tier IV data centre solutions in India
Co-founders: Nikhil and Nishant Rathi	Secured investments of $150 million in 2021 and $170 million in 2023, with a valuation of over $300 million
Employees: Over 200	Data Centre Capacity: 162 MW

Iron Mountain, headquartered in the US, specialises in storage and protection of physical and digital assets. Established in 1951, it has catered to over 225,000 organisations across sectors such as financial services, healthcare, retail & e-commerce, among others.

“We are excited to welcome Web Werks to our family of companies and look forward to working together to drive growth and innovation in the Indian data centre market,” said Jim Wilkins, Executive Vice President of Iron Mountain’s Global Data Centres business.

“Web Werks has an exceptional track record of providing high-quality data centre services, and we believe its expertise and capabilities will be a valuable addition to our portfolio of companies,” added Wilkins.

Key Facts

Acquisition value: $200 million
Iron Mountain’s stake: Majority stake
Web Werks’ valuation: Over $300 million
Employees: Over 200
Data Centre Capacity: 162 MW

What’s Next for Web Werks?

Continued Operations Under New Brand Identity

Web Werks will continue to operate under a new brand identity while serving its enterprise clients without disruption. The company’s founders, Nikhil and Nishant Rathi, expressed their excitement about the acquisition, stating that it marks an exciting new chapter for Web Werks.