Iron Mountain misses third-quarter revenue estimates on tighter tech spending

Peers of the company, including Digital Realty and Equinix, trimmed their revenue projections for the year, highlighting weakness in demand for some cloud-based infrastructure such as data storage. Iron Mountain also announced that it will buy electronic recycling company Regency Technologies for an initial purchase price of $200 million, with $125 million to be paid when the deal closes and the remainder in 2025.