Looking Under the Hood at Shares of IO Data Device, Inc. (TSE:6916) – Buckeye Business Review

The MF Rank developed by hedge fund manager Joel Greenblatt, is intended spot high quality companies that are trading at an attractive price. The formula uses ROIC and earnings yield ratios to find quality, undervalued stocks. In general, companies with the lowest combined rank may be the higher quality picks. I-O Data Device, Inc. (TSE:6916) has a current MF Rank of 2072. 
Free Cash Flow Growth (FCF Growth) is the free cash flow of the current year minus the free cash flow from the previous year, divided by last year’s free cash flow.  The FCF Growth of I-O Data Device, Inc. (TSE:6916) is .  Free cash flow (FCF) is the cash produced by the company minus capital expenditure.  This cash is what a company uses to meet its financial obligations, such as making payments on debt or to pay out dividends.  The Free Cash Flow Score (FCF Score) is a helpful tool in calculating the free cash flow growth with free cash flow stability – this gives investors the overall quality of the free cash flow.  The FCF Score of I-O Data Device, Inc. (TSE:6916) is .  Experts say the higher the value, the better, as it means that the free cash flow is high, or the variability of free cash flow is low or both.

Investors may be interested in viewing the Gross Margin score on shares of I-O Data Device, Inc. (TSE:6916). The name currently has a score of 14.00000. This score is derived from the Gross Margin (Marx) stability and growth over the previous eight years. The Gross Margin score lands on a scale from 1 to 100 where a score of 1 would be considered positive, and a score of 100 would be seen as negative.

The Return on Invested Capital (aka ROIC) for I-O Data Device, Inc. (TSE:6916) is 0.129948.  The Return on Invested Capital is a ratio that determines whether a company is profitable or not.  It tells investors how well a company is turning their capital into profits.  The ROIC is calculated by dividing the net operating profit (or EBIT) by the employed capital.  The employed capital is calculated by subrating current liabilities from total assets.  Similarly, the Return on Invested Capital Quality ratio is a tool in evaluating the quality of a company’s ROIC over the course of five years.  The ROIC Quality of I-O Data Device, Inc. (TSE:6916) is 1.690158.  This is calculated by dividing the five year average ROIC by the Standard Deviation of the 5 year ROIC.  The ROIC 5 year average is calculated using the five year average EBIT, five year average (net working capital and net fixed assets).  The ROIC 5 year average of I-O Data Device, Inc. (TSE:6916) is 0.061170.

Shareholder Yield

The Shareholder Yield is a way that investors can see how much money shareholders are receiving from a company through a combination of dividends, share repurchases and debt reduction.  The Shareholder Yield of I-O Data Device, Inc. (TSE:6916) is -0.037999.  This percentage is calculated by adding the dividend yield plus the percentage of shares repurchased.  Dividends are a common way that companies distribute cash to their shareholders.  Similarly, cash repurchases and a reduction of debt can increase the shareholder value, too.  Another way to determine the effectiveness of a company’s distributions is by looking at the Shareholder yield (Mebane Faber).  The Shareholder Yield (Mebane Faber) of I-O Data Device, Inc. TSE:6916 is -0.05924.  This number is calculated by looking at the sum of the dividend yield plus percentage of sales repurchased and net debt repaid yield.

The Value Composite One (VC1) is a method that investors use to determine a company’s value.  The VC1 of I-O Data Device, Inc. (TSE:6916) is 6.  A company with a value of 0 is thought to be an undervalued company, while a company with a value of 100 is considered an overvalued company.  The VC1 is calculated using the price to book value, price to sales, EBITDA to EV, price to cash flow, and price to earnings.  Similarly, the Value Composite Two (VC2) is calculated with the same ratios, but adds the Shareholder Yield.  The Value Composite Two of I-O Data Device, Inc. (TSE:6916) is 15.

Key Ratios

I-O Data Device, Inc. (TSE:6916) presently has a current ratio of 2.54. The current ratio, also known as the working capital ratio, is a liquidity ratio that displays the proportion of current assets of a business relative to the current liabilities. The ratio is simply calculated by dividing current liabilities by current assets. The ratio may be used to provide an idea of the ability of a certain company to pay back its liabilities with assets. Typically, the higher the current ratio the better, as the company may be more capable of paying back its obligations.

I-O Data Device, Inc. (TSE:6916)’s Leverage Ratio was recently noted as 0.006069. This ratio is calculated by dividing total debt by total assets plus total assets previous year, divided by two. The leverage of a company is relative to the amount of debt on the balance sheet. This ratio is often viewed as one measure of the financial health of a firm.

The Price to book ratio is the current share price of a company divided by the book value per share.  The Price to Book ratio for I-O Data Device, Inc. TSE:6916 is 0.593833.  A lower price to book ratio indicates that the stock might be undervalued.  Similarly, Price to cash flow ratio is another helpful ratio in determining a company’s value.  The Price to Cash Flow for I-O Data Device, Inc. (TSE:6916) is .  This ratio is calculated by dividing the market value of a company by cash from operating activities.  Additionally, the price to earnings ratio is another popular way for analysts and investors to determine a company’s profitability.  The price to earnings ratio for I-O Data Device, Inc. (TSE:6916) is 8.587769. This ratio is found by taking the current share price and dividing by earnings per share.

A Deep Dive into The Numbers For I-O Data Device, Inc. (TSE:6916 … – Ozark Times

The Return on Invested Capital (aka ROIC) Score for I-O Data Device, Inc. (TSE:6916) is 1.690158.  The Return on Invested Capital is a ratio that determines whether a company is profitable or not.  It tells investors how well a company is turning their capital into profits.  The ROIC is calculated by dividing the net operating profit (or EBIT) by the employed capital.  The employed capital is calculated by subrating current liabilities from total assets.  Similarly, the Return on Invested Capital Quality ratio is a tool in evaluating the quality of a company’s ROIC over the course of five years. This is calculated by dividing the five year average ROIC by the Standard Deviation of the 5 year ROIC.  The ROIC 5 year average is calculated using the five year average EBIT, five year average (net working capital and net fixed assets).  

We can now take a quick look at some historical stock price index data. I-O Data Device, Inc. (TSE:6916) presently has a 10 month price index of 0.83690. The price index is calculated by dividing the current share price by the share price ten months ago. A ratio over one indicates an increase in share price over the period. A ratio lower than one shows that the price has decreased over that time period. Looking at some alternate time periods, the 12 month price index is 0.85726, the 24 month is 1.91429, and the 36 month is 1.49655. Narrowing in a bit closer, the 5 month price index is 0.86833, the 3 month is 0.94470, and the 1 month is currently 0.90688.

I-O Data Device, Inc. (TSE:6916) has a Price to Book ratio of 0.593833. This ratio is calculated by dividing the current share price by the book value per share. Investors may use Price to Book to display how the market portrays the value of a stock. Checking in on some other ratios, the company has a Price to Cash Flow ratio of , and a current Price to Earnings ratio of 8.587769. The P/E ratio is one of the most common ratios used for figuring out whether a company is overvalued or undervalued.

Checking in on some valuation rankings, I-O Data Device, Inc. (TSE:6916) has a Value Composite score of 6. Developed by James O’Shaughnessy, the VC score uses five valuation ratios. These ratios are price to earnings, price to cash flow, EBITDA to EV, price to book value, and price to sales. The VC is displayed as a number between 1 and 100. In general, a company with a score closer to 0 would be seen as undervalued, and a score closer to 100 would indicate an overvalued company. Adding a sixth ratio, shareholder yield, we can view the Value Composite 2 score which is currently sitting at 15.

Leverage Ratio

The Leverage Ratio of I-O Data Device, Inc. (TSE:6916) is 0.006069. Leverage ratio is the total debt of a company divided by total assets of the current and past year divided by two. Companies take on debt to finance their day to day operations. The leverage ratio can measure how much of a company’s capital comes from debt. With this ratio, investors can better estimate how well a company will be able to pay their long and short term financial obligations.

Watching some historical volatility numbers on shares of I-O Data Device, Inc. (TSE:6916), we can see that the 12 month volatility is presently 26.001100. The 6 month volatility is 26.197900, and the 3 month is spotted at 21.342200. Following volatility data can help measure how much the stock price has fluctuated over the specified time period. Although past volatility action may help project future stock volatility, it may also be vastly different when taking into account other factors that may be driving price action during the measured time period. 

The Gross Margin Score is calculated by looking at the Gross Margin and the overall stability of the company over the course of 8 years. The score is a number between one and one hundred (1 being best and 100 being the worst). The Gross Margin Score of I-O Data Device, Inc. (TSE:6916) is 14.00000. The more stable the company, the lower the score. If a company is less stable over the course of time, they will have a higher score.

M-Score (Beneish)

The M-Score, conceived by accounting professor Messod Beneish, is a model for detecting whether a company has manipulated their earnings numbers or not. I-O Data Device, Inc. (TSE:6916) has an M-Score of -999.000000. The M-Score is based on 8 different variables: Days’ sales in receivables index, Gross Margin Index, Asset Quality Index, Sales Growth Index, Depreciation Index, Sales, General and Administrative expenses Index, Leverage Index and Total Accruals to Total Assets. A score higher than -1.78 is an indicator that the company might be manipulating their numbers.

Piotroski F-Score

The Piotroski F-Score is a scoring system between 1-9 that determines a firm’s financial strength. The score helps determine if a company’s stock is valuable or not. The Piotroski F-Score of I-O Data Device, Inc. (TSE:6916) is 4. A score of nine indicates a high value stock, while a score of one indicates a low value stock. The score is calculated by the return on assets (ROA), Cash flow return on assets (CFROA), change in return of assets, and quality of earnings. It is also calculated by a change in gearing or leverage, liquidity, and change in shares in issue. The score is also determined by change in gross margin and change in asset turnover.

Return on Assets

There are many different tools to determine whether a company is profitable or not. One of the most popular ratios is the “Return on Assets” (aka ROA). This score indicates how profitable a company is relative to its total assets. The Return on Assets for I-O Data Device, Inc. (TSE:6916) is 0.054911. This number is calculated by dividing net income after tax by the company’s total assets. A company that manages their assets well will have a higher return, while a company that manages their assets poorly will have a lower return.

ERP5 Rank

The ERP5 Rank is an investment tool that analysts use to discover undervalued companies. The ERP5 looks at the Price to Book ratio, Earnings Yield, ROIC and 5 year average ROIC. The ERP5 of I-O Data Device, Inc. (TSE:6916) is 1111. The lower the ERP5 rank, the more undervalued a company is thought to be.

Boeing and Comcast rise while Casey’s and Edison stumble – Washington Post

NEW YORK — Stocks that moved substantially or traded heavily Tuesday:

Boeing Co., up $6.78 to $289.94

The aerospace company raised its dividend and said it will buy back $18 billion in stock.

Casey’s General Stores Inc., down $14.07 to $107.18

The discount retailer’s fiscal second-quarter profit fell short of estimates.

Urban Outfitters Inc., up 11 cents to $32.38

The retailer said sales in the current quarter have been strong so far.

Macerich Inc., up $3.18 to $66.47

Shopping mall operators rose after Australian company Westfield agreed to be bought by France’s Unibail-Rodamco for $15.7 billion.

Comcast Corp., up $1.07 to $39.51

The Wall Street Journal said the cable TV and entertainment company is no longer in talks to buy parts of 21st Century Fox.

Seagate Technology PLC, up $1.65 to $42.12

The electronic storage maker said it will eliminate 500 jobs and cut about $65 million in additional annual spending.

Edison International Inc., down $4.40 to $68.58

The utility said it believes authorities are looking into the possibility that wildfires in California started at one of its facilities.

Iron Mountain Inc., down $2.90 to $37.80

The information management company said it will buy IO Data Centers’ U.S. business for about $1.32 billion.

Copyright 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Why Mattel, Iron Mountain, and J.C. Penney Slumped Today — The … – Motley Fool

Tuesday was another positive day for most of the stock market, although certain segments did better than others. Among major benchmarks, the Dow performed the best, with triple-digit gains taking the average to another record high. The S&P 500 saw less robust gains, and the Nasdaq Composite actually lost ground on weakness in some major technology stocks. Overall, though, investor sentiment seemed relatively positive, with many looking for a rate hike from the Federal Reserve tomorrow but still thinking that the economy can sustain future growth. Still, bad news from Mattel (NASDAQ:MAT), Iron Mountain (NYSE:IRM), and J.C. Penney (NYSE:JCP) put those stocks among the worst performers on the day. Below, we’ll look more closely to tell you why they did so poorly.

Mattel expects a tough holiday season

Shares of Mattel dropped 5% after the toymaker said that it believes that its holiday sales will be weak. Key brands like Barbie and Fisher-Price are seeing stronger competition, and toy retailers are being more conservative about stocking large inventories of Mattel toys. The news followed moves from bond rating agency Moody’s to cut its ratings on Mattel bonds to Ba3 from Baa3, removing its former investment-grade status and turning the toymaker’s existing debt into junk bonds. Mattel has already made aggressive moves to survive in a tough industry environment, but investors increasingly fear that those moves might prove insufficient to save the company in the long run.

Box for Thomas and Friends Twist-N-Turn Stunt Set from Fisher-Price.

Image source: Mattel.

Iron Mountain makes a big buy

Iron Mountain stock fell 7% in the wake of the storage and information management company’s decision to make a sizable acquisition. The company announced it would pay $1.3 billion to buy IO Data Centers, a Phoenix-based co-location data center services specialist. Proponents of the acquisition argue that the deal will help accelerate Iron Mountain’s attempt to focus on faster-growing business segments. Yet Iron Mountain said it would do a secondary offering of 14.5 million shares of stock as well as selling $825 million in 10-year notes to raise cash for the acquisition. That resulted in a credit outlook shift from Moody’s to negative, and with a considerable debt load already along with high expectations from dividend investors, Iron Mountain can’t afford bad news on that front.

J.C. Penney sees loss of confidence

Finally, shares of J.C. Penney declined more than 10%. Some investors had recently started to think that the discount big-box retailer might finally be turning the corner toward a recovery, pointing to better financial results in the third quarter and signs of less dramatic promotional activity during the key Thanksgiving holiday weekend. Yet today’s share-price move reflected apparent doubts from some investors watching the retailer’s stock that Penney will be able to see a full rebound this holiday season. With just a couple weeks left in the season, investors will get their answer one way or the other in January when Penney reports its official results.

Dan Caplinger has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

Pro Rata – Axios

Top of the Morning

The Treasury Department yesterday came out with its long-promised analysis of the GOP tax plan, but it was only one-page long and admitted that the plan wouldn’t pay for itself (despite months of promises to the contrary by Sec. Mnuchin). More here.

  • Sen. Pat Toomey (R-PA) told CNBC this morning that the carried interest loophole should be maintained. Per Toomey, with a straight face: “I think that sweat equity deserves capital gains treatment.” When asked what’s different between carried interest and most other sorts of long-term commissions, he claimed “asset appreciation.”
  • Toomey also said he was “an outlier” on carried interest, but apparently not so much of an outlier that his point of view won’t be reflected in the final tax bill.

• Razor burn rate: Harry’s, the razor subscription rival to Dollar Shave Club, has raised nearly $64 million in new equity funding, per an SEC filing. Word is that the round remains open, and that at least part of the proceeds will be used for an investment in a complementary company. No comment from Harry’s, natch.

• Crystal ball: EY has a 2018 M&A outlook report out this morning, and predicts an upswing in large corporate carve-out transactions (at least in terms of size, if not in volume). In short, the confluence of increased activist investor agitation and a surplus of private equity dry powder.

  • Debt data: S&P LCD shows that Q3 middle-market debt multiples climbed to 5.6x EBITDA, compared to 5.2x at the end of 2016. The broader market figure is 6x. (h/t Carlyle Group)

• Must-see TV: Steve Jurvetson will be interviewed, fireside-style, tomorrow afternoon at a CB Insights conference in San Francisco. There’s a live-stream, and hopefully he’ll explain the circumstances behind his recent, and sudden, departure from the venture capital firm that still bears his name.

• Kickoff: On Location Experiences, a ticket and hospitality company that primarily focuses on the Super Bowl, has acquired PrimeSport from The Carlyle Group. A few notes, after chatting with someone familiar with the deal:

  • The combined company would have annual revenue of around $550 million, with OLE representing around 60%. EBITDA margins are between 10-15%.
  • OLE, which was carved out of the NFL by private equity firms a few years back, already has sold around 65% of its Super Bowl inventory (despite the Minneapolis location). That’s significant, given that it actually holds over 20% of total Super Bowl tickets. The upshot is that regular season ratings woes don’t seem to affect interest in premium experiences at the big game (particularly among corporate customers).
  • PrimeSport doesn’t have an NFL contract, but does have long-term deals with both the PGA and the NCAA.

• Sad news: San Francisco Mayor Ed Lee has died from a heart attack, at the age of 65. From a biz perspective, his legacy likely will be luring tech players (startups, established companies, VCs, etc.) from the peninsula into the city. From a social perspective, it may be the high housing costs associated with that geographic shift. Deepest condolences to his friends and family.


Unibail-Rodamco of France has agreed to acquire Westfield Corp. (ASX: WFD), an Australia-based shopping mall company with several large North American assets, for US$15.8 billion.

  • Why it’s the BFD: Because this comes just one day after GGP rejected a $14.8 billion takeover offer from Brookfield Property Partners, and could double as revised pricing guidance for that transaction. Let alone whatever someone might bid for Macerich, which is under pressure from activist Dan Loeb. Plus, if malls are dying, no one bothered to tell the M&A market.
  • Bottom line: “If I am an anchor store such as Sears and Macy’s that do business in a Westfield-owned mall, this deal is petrifying. Department stores don’t fit in this new mall as a community world, and an eager property owner may try to push them out via higher rents in order to redevelop the space for 2040.” — Brian Sozzi, TheStreet

Venture Capital Deals

• Mafengwo, a Chinese online travel platform, has raised $133 million in Series D funding from General Atlantic, Ocean Link, Temasek, Yuantai Investment Hopu and return backers Capital Today, Qiming Venture Partners and Hillhouse Capital. http://axios.link/6Ks9

• NextDoor, a neighborhood-focused social network, has raised $75 million in new VC funding at a valuation of around $1.5 billion, according to The Information. They company previously raised over $200 million in VC funding, from firms like Benchmark, Greylock, Kleiner Perkins and Insight Venture Partners. http://axios.link/8Tpl

🚑 Hookipa Biotech, an Austria-based developer of cytomegalovirus vaccine and cancer candidates, has raised $60 million in Series C funding from backers like Gilead Sciences, Boehringer Ingelheim and Takeda. http://axios.link/oM4A

• Aspiration, a Los Angeles-based provider of “sustainable banking and investment products,” has raised $47 million in Series B funding. Social Impact Finance led, and was joined by Allen & Co., Omidyar Network, Alpha Edison, AGO Partners, Reyl & Cie, Capricorn Investments and individuals like Doc Rivers, Deborah Hopkins and Orlando Bloom. www.aspiration.com

• Onlyyou, a Chinese enterprise service platform, has raised $45 million in Series A funding from AVIC Trust, Sunner Capital, Xiamen Changrong Investment Management and Pan-China (Xiamen) Consulting. http://axios.link/eXGw

• Zhenkunhang, a Shanghai-based industrial products distribution platform, has raised $33 million in new Series B funding. Genesis Capital led, and was joined by Eastern Bell Venture Capital and Matrix Partners China. http://axios.link/eXGw

• Xiaoe Weidian, a Chinese checkout-free convenience store operator, has raised around $30 million in Series B funding from Zijue Capital, Haikong Capital, the Hainan province government and Zhongguancun Science Park. http://axios.link/rrxA

• Ouster, a San Francisco-based LiDAR sensor startup, has raised $27 million in Series A funding. Cox Enterprises led, and was joined by Fontinalis Partners, Amity Ventures, Constellation Technology Ventures, Tao Capital Partners and Carthona Capital. http://axios.link/ahfS

• Simility, a Palo Alto, Calif.-based provider of cyber-fraud prevention solutions, has raised $17.5 million in new VC funding. Accel led, and was joined by PayPal and return backers The Valley Fund and Trinity Ventures. http://axios.link/SBeZ

• NexWafe, a German silicon wafer manufacturer, has raised €8 million in new VC funding. Saudi Aramco Energy Ventures led, and was joined by Green Gateway Fund 2 and return backer Lynwood (Schweiz) AG. http://axios.link/2SLI

• SevenRooms, a New York-based provider of reservation and guest management software for restaurants, hotels and nightclubs, has raised $8 million in new VC funding led by Comcast Ventures. www.sevenrooms.com

• Dosh, an Austin, Texas-based provider of cash-back solutions for consumers, has raised $4.9 million in new seed funding. Goodwater Capital led, and was joined by Extol Capital and Next Coast Ventures. http://axios.link/NoXs

• Descript, a text-based audio editing app created by Groupon co-founder and former CEO Andrew Mason, has raised $5 million in VC funding from Andreessen Horowitz. http://axios.link/9Kf8

• Fuzzy Pet Health, an in-home pet healthcare startup, has raised $4.5 million in seed funding from Eniac Ventures and Crosscut Ventures. http://axios.link/I2NF

• Fastlane, a Dallas-based online car buying site, has raised $1.5 million in seed funding led by Eagle Venture Fund. http://axios.link/E8Zu

• Discngine, a Paris-based provider of research informatics software for the life sciences market, has raised €1.1 million in Series A funding from Extens Développement e-Santé. www.discngine.com

Private Equity Deals

⛽ Actis has expressed interest in acquiring Turkish power distribution company Akcez, which currently is owned by CEZ AS and Akkok Holding, according to Bloomberg. http://axios.link/2P9f

• The Blackstone Group has acquired a 10% stake in Logicor, a European warehouse property business that Blackstone sold to China Investment Corp. earlier this year for €12.25 billion. http://axios.link/Eq6d

• Blue Equity has acquired a majority stake in Napoli Management Group, a Beverly Hills-based broadcast news talent agency. www.tvtalent.com

• G.E.T. Enterprises, a Houston-based portfolio company of Olympus Partners, has acquired Winco, a Lodi, N.J.-based manufacturer of kitchenware and tableware. www.wincous.com

⛽ GP Investments is raising at least $300 million to purchase a control stake in a Brazilian power distribution company. http://axios.link/Z16C

• J.W. Childs has acquired the parent company of Outward Hound, a Centennial, Colo.-based maker of interactive pet toys, from The Riverside Company. www.outwardhound.com

• Onex Corp. has agreed to acquire SMG Holding, a West Conshohocken, Penn.-based venue management company whose clients include Chicago’s Soldier Field. Sellers include Northlane Capital. http://axios.link/b5Z9

• Safe Fleet, a Belton, Mo.-based portfolio company of The Sterling Group, has acquired MobileView, provider of mobile surveillance and video management solutions to transit bus and rail vehicles, from a unit of United Technologies Corp. (NYSE: UTX). www.mobileviewvideo.com

• Warburg Pincus has agreed to acquire up to a 20% equity stake in the direct-to-home paid TV service of India’s Bharti Airtel for around $350 million. www.warburgpincus.com

Liquidity Events

• Ardian has agreed to sell its infrastructure private equity portfolio to Dutch pension fund manager APG. http://axios.link/8Swo

• Blue Wolf Capital Partners has sold American Builders Supply, a Sanford, Fla.-based door and millwork distributor, to Kodiak Building Partners . www.americanbuildsupply.com

• Graycliff Partners has sold Talon Innovations Corp., a Sauk Lake, Minn.-based provider of high-precision machining to the semiconductor market, to a unit of Ichor Holdings (Nasdaq: ICHR). www.taloneng.com

• Iron Mountain (NYSE: IRM) has agreed to acquire the U.S. data center assets of IO Data Centers for $1.3 billion. IO backers include Sterling Partners. http://axios.link/aPOL

More M&A

• Atos (Paris: ATO) has offered to acquire Dutch cybersecurity company Gemalto (Amsterdam: ATO) for €4.3 billion. http://axios.link/VlDc

• Audi said that it has canceled the sale process for Italian motorcycle brand Ducati. http://axios.link/3Hfi

• Comcast (Nasdaq: CMCS) said that it has dropped out of the auction process for the entertainment assets of 21st Century Fox (Nasdaq: FOXA), leaving Walt Disney Co. (NYSE: DIS) as the remaining bidder. http://axios.link/DmgY

• Zurich Insurance (Swiss: ZURN) has agreed to acquire the OnePath Life business of Australia’s ANZ (ASX: ANZ) for A$2.85 billion. http://axios.link/Dvrk


• Navitas Capital, a Beverly Hills-based venture firm focused on real estate tech startups, has raised $60 million for its latest fund. http://axios.link/3u05

It’s Personnel

• Eric Anderson, a former product manager for Google Cloud, has joined Scale Venture Partners as a principal. www.scalevp.com

• Angelo Gordon has is promoting deputy CIO Josh Baumgarten and real estate group head Adam Schwartz to co-chief investment officers. http://axios.link/yGAX

• Rashida La Lande, a former M&A and private equity attorney with Gibson, Dunn & Crutcher, is joining Kraft Heinz as global general counsel and corporate secretary.

⛽ Jubran Whalan has joined Constant Energy Capital as a managing director. He previously was a managing director of global structured products at BP. www.constantenergycap.com

Final Numbers

Reproduced from Thomson Reuters Dals Intelligence; Note: Data as of 12/11/17; Chart: Axios Visuals

More: Apple yesterday confirmed its purchase of music identification app Shazam, but didn’t disclose a deal value. In fact, Thomson Reuters reports that only 15 of Apple’s 68 acquisitions have disclosed values.

  • Shazam is Apple’s fifth acquisition of 2017.
  • Despite the lack of official price-tag, several media reports peg the deal value at around $400 million (which is well below the last private round for Shazam, which had entered unicorn territory).
  • Apple went public 37 years ago yesterday, and Massachusetts regulators wouldn’t let individual investors buy, deeming the stock “too risky.”

Thanks for reading. Be sure to send feedback and tips to dan@axios.com.

Iron Mountain to buy IO Data Centers’ US assets for $1.3bn – DatacenterDynamics

Iron Mountain is ramping up the size its data center business with the acquisition of all US assets belonging to colocation and data center services company, IO Data Centers’ US. These comprise four data centers in the states of Arizona, New Jersey and Ohio.

The $1.315bn transaction could cost the company up to $60m extra based on future performance as well as adjustments to be made as a matter of formality.

Clambering up the cliff 

iron mountain,

Source: Iron Mountain

The data centers total 728,000 square feet (67,600 sq m) of technical space and a capacity of 62MW, with potential to build another 77 MW in Arizona and New Jersey. 

The records management company has been hard at work developing its data center footprint this year, having bought Fortrust for $128m and agreed to buy two Credit Suisse facilities in the UK and Singapore, as well as having launched a 10.5MW site in Northern Virginia.

Once it closes its acquisition of IO’s US locations, the company’s capacity will reach 90MW, with another 26MW under construction, and the potential to build an additional 135MW.

“We continue to experience strong demand and growth in our data center business, with a focus on establishing a presence in the largest global markets for colocation and enterprise customers,” William L. Meaney, the company’s president and CEO, said.

“Our strategy includes organic expansion within our existing footprint, greenfield development in the largest US markets such as our newly opened campus in Northern Virginia, and targeted acquisitions of properties with customer profiles that closely mirror our own.”

News Highlights: Top Financial Services News of the Day – Fox Business

The Force Behind Bitcoin’s Meteoric Rise: Millions of Asian Investors

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Unlike past financial frenzies such as the dot-com bubble of the late 1990s, individual investors have been first to the party, fueling bitcoin’s 1,600% rise this year.

SEC Chairman Warns Investors Against Bitcoin

Wall Street’s top regulator on Monday raised alarms about the money flooding into bitcoin trading and other cryptocurrency markets, warning the red-hot corner of less-regulated finance is burning with risk for retail investors.

Economists Give High Marks to Janet Yellen

Federal Reserve Chairwoman Janet Yellen is getting a positive report card from outside economists as she prepares to leave office after four years leading the U.S. central bank.

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Bet on UniCredit for Europe’s Banking Recovery

The threat of higher capital charges isn’t over for European banks, but UniCredit, Italy’s biggest lender, can take this in its stride.

Passport Capital to Shut Flagship Hedge Fund

John Burbank’s Passport Capital, famed for its profitable bets against subprime housing ahead of the financial crisis, will shutter its flagship fund after persistent losses, according to a letter to investors.

KKR Takes Over $4.1 Billion Blackstone-Managed BDC

KKR & Co. LP is replacing Blackstone Group LP as the manager of FS Investment Corp., a business development corporation.

HSBC to Be Released From U.S. Deferred Prosecution Pact

HSBC is to be released from a controversial agreement that let it avoid U.S. criminal charges in 2012, after it was judged to have sufficiently improved its systems to keep out financial criminals.

App Maker Halts Initial Coin Offering After SEC Investigation

The Securities and Exchange Commission intervened to halt a $15 million initial coin offering that would have evaded laws for how securities must be sold. The case is the first in which the SEC has taken action against an ICO without making fraud claims.

Iron Mountain to Acquire IO Data Centers’ U.S. Operations for $1.32 Billion

Records-storage company Iron Mountain Inc. will acquire the U.S. operations of private equity-backed data-center manager IO Data Centers LLC for about $1.32 billion.

Bitcoin Buyers Get Unwanted Message: Wait in Line

Some of the world’s biggest cryptocurrency exchanges have experienced disruptions in recent days as interest in bitcoin surged in the weeks leading up to Sunday’s launch of bitcoin futures.

(END) Dow Jones Newswires

December 12, 2017 07:15 ET (12:15 GMT)

数据服务商Iron Mountain以13亿美元收购IO Data Centers四处数据中心 – 金融界

2017-12-12 12:40:34

  据猎云网报道,Iron Mountain今日宣布将收购IO Data Centers的美国数据中心资产,出价13亿美元,依现实情况或有所增长。此次交易预计于下周完成,或将增价至多6000万美元。
Iron Mountain将获得卫浴亚利桑那州、新泽西州和俄亥俄州的四座先进的数据中心。这四座数据中心共占地72.8平方英尺,总容量达68兆瓦。Iron Mountain还报告称,将来或将或阔亚利桑那州和新泽西州的数据中心,使容量增加77兆瓦。
Iron Mountain以数字和实体记录管理出名,包括存储和粉碎实体文档,今年以来,该公司在静静地扩大自己的业务,包括实体数据中心。

责任编辑:Robot RF13015

Iron Mountain acquires IO Data Centers’ US operations for $1.3 billion – TechCrunch

Iron Mountain announced today that it’s acquiring the U.S. data center assets of IO Data Centers for a cool $1.3 billion — and the price tag could potentially go higher.

With today’s purchase, Iron Mountain gets some serious assets, including four state-of-the-art data centers in Phoenix and Scottsdale, Arizona; Edison, New Jersey; and Columbus, Ohio. The four buildings in total encompass 728,000 square feet of data center real estate with 68 megawatts of capacity. Iron Mountain also reported there is room for expansion at the Arizona and New Jersey facilities with the potential for an additional 77 megawatts of capacity.

Iron Mountain, which has mostly been known for digital and physical records management, including storing and shredding of physical documents, has been quietly expanding its business this year to include physical data centers. In fact, today’s news follows the acquisition of the Fortrust data center in September and the previously announced acquisition of two Credit Suisse data centers in London and Singapore, which are expected to close next year.

Iron Mountain president and CEO William L. Meaney said purchase is part of a strategy to move beyond its core records management business into the increasingly lucrative co-location facility market. Instead of using a public cloud service, a company could rent out space in a co-location facility and run dedicated servers inside the facility. The building owner provides cooling, power, bandwidth, physical security and overall management of the building.

“We continue to experience strong demand and growth in our data center business with a focus on establishing a presence in the largest global markets for colocation and enterprise customers. Our strategy includes organic expansion within our existing footprint, greenfield development in the largest U.S. markets such as our newly opened campus in Northern Virginia, and targeted acquisitions of properties with customer profiles that closely mirror our own,” he said in a statement.

The transaction is expected to close next month and could potentially include up to $60 million of potential additional payments, according to the company.

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