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Amsterdam, The Netherlands – Switch Datacenters, a European provider of build-to-suit corporate data centers and enterprise-grade colocation facilities, today announces its plans to commence development of a new data center at its data center campus in Amsterdam. Adjacent to Switch Datacenters’ existing data halls, this 18,300 square feet new data center will be built to offer wholesale colocation space to a large enterprise, managed colocation provider, or cloud provider searching for Amsterdam-based dedicated data center presence.

Located at one of the world’s most fiber-dense areas, in the Amsterdam Southeast business district, the 18,300 sq. ft. new wholesale colocation data center offered by Switch Datacenters will feature a highly redundant enterprise-grade design with a 2N power configuration. It has modular thus highly scalable power feeds, and is upgradable from a capacity of 2MVA up to 10MVA and more. The use of energy-efficient cooling technologies would result in an ultralow pPUE figure of 1.04, which is extremely energy-efficient.

On top of the whitespace available, the wholesale colocation data center being offered in Amsterdam also includes 8,600 sq. ft. of dedicated Class A office space. Right now, a high customization degree can still be provided for this office space – to meet highly specific customer demand.

“The new-to-build wholesale data center offering in Amsterdam constitutes of turnkey space that will be move-in ready and fully aligned with the most demanding server power density requirements in the industry,” said Gregor Snip, CEO and founder of Switch Datacenters, an official member of the OCP community. “A large enterprise, a managed colocation provider, or a large cloud provider will find here enterprise-grade data center infrastructure meeting high-availability requirements set by mission-critical business applications. This highly redundant, highly secured and highly connected data center space will allow us once again to meet enterprise-grade standards such as ISO 27001 and PCI DSS, just as the other wholesale and retail data centers delivered by Switch Datacenters.”

Patented Technology

As is the case with Switch Datacenters’ recently commissioned retail colocation data hall at Switch AMS1 aimed at ISPs and cloud providers alike, the new data center build in Amsterdam announced today will be suitable for Open Rack Systems based on Open Compute Project (OCP) principles – while still being able to house traditional hardware equipment.

“The OCP initiative originates with Facebook, while other tech giants such as Rackspace, Intel and Microsoft as well as many others have joined the OCP-movement in the hardware space,” added Mr. Snip. “Our patented, in-house developed cooling technologies and additional features provide for an OCP-ready infrastructure, although this wholesale data center space is also fully compatible with more traditional IT infrastructures. The OCP technology specs uniquely allow for enhanced energy-efficiency, operational cost-savings while bringing the agility required by demanding applications – for traditional IT as well as OCP-ready hardware environments.”

As a highly innovative wholesale data center company, Switch Datacenters’ engineering team has developed a patented, in-house developed indirect adiabatic cooling technology (Patent number: WO 2017:213497) meant for data center development projects. According to this patent, ‘the invention relates to a data center for IT and/or telecoms equipment, especially servers, comprising a building with an intermediate floor arranged for carrying IT and/or telecoms equipment, especially servers, as well as cooling means for cooling the IT and/or telecoms equipment, especially servers, in order to counteract overheating of the IT and/or telecoms equipment, especially servers.’

Wholesale vs. Retail Colocation

As with Switch Datacenters’ Switch AMS2 campus, the Switch AMS1 colocation data center campus – strategically located on one of the world’s largest internet junctions, in Amsterdam – will transform in a mixed-use premises for both wholesale and retail colocation buyers. While the Switch AMS2 data center is home to global cloud services provider IBM, Switch Datacenters expects its AMS1 data center to be attractive to similar, demanding companies including hyperscale cloud providers, large enterprises, and managed colocation providers.

“Due to shifting customer demand, we’re increasingly focusing Switch Datacenters’ business operations on delivering wholesale data center space such as announced today,” added Mr. Snip. “Our enterprise-grade, highly energy-efficient data center infrastructure built with in-house developed, patented technologies caters to the needs of these hyperscale cloud providers including IBM. Retail colocation will remain part of our portfolio but wholesale colocation is growingly important for us. Our honed wholesale approach matches the overall colocation market and current changing trends (confirmed by a 2017 Structure Research study), where future growth in retail colocation is expected to be slowing, while growth in the wholesale data center market should be accelerating.”

About Switch Datacenters
Founded in 2011 by Dutch Internet and hosting industry veterans, Switch Datacenters is a European carrier-neutral operator of highly secured colocation data centers and build-to-suit corporate data centers delivering its enterprise-grade services to businesses of all sizes including some well-known large global cloud players. The company is focused on delivering redundant (2N), high-available (100% uptime guarantee) data center infrastructure with Tier 4 specifications to ISPs, systems integrators (SIs), cloud service providers (CSPs), and enterprise customers. Located in a fiber-dense area with 460 available fiber optic connections and 40 carrier networks on-site to choose from, Switch Datacenters’ facilities in the Amsterdam region provide a total floor area of 24,220 m2 (260,701 sq. ft.) and 8,350 m2 (89,878 sq. ft.) of secured white space for cloud service providers and boost an average data center PUE of 1.1 measured over all sites, making Switch Datacenters one of the leading providers of sustainable data center space in Europe. For more information about Switch Datacenters, visit: www.switchdatacenters.com.

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Dallas, TX – DataBank Ltd., a Digital Bridge portfolio company and leading provider of business solutions for colocation, cloud, connectivity, and managed services, announces today the expansion of its Pittsburgh facility (PIT1). This key strategic location offers direct access to more than 25 fiber carriers, making it the most connected data center location in the Pittsburgh metropolitan area.

Located inside Nova Place, a technology center in the heart of Pittsburgh’s North Side, DataBank’s PIT1 is a powerful hub for interconnection and the placement of mission critical infrastructure supporting cutting-edge technologies. Pittsburgh is at the center of autonomous vehicle development, engineering and testing and is home to premier research facilities at Carnegie Mellon University and Pittsburgh Supercomputing Center. DataBank’s expansion is a direct result of the rapid development the city has experienced with these and other emerging technologies.

“We are seeing continued demand from customers seeking edge access to the rich interconnection ecosystem we offer at our Pittsburgh data center,” states Kevin Ooley, President and CFO for DataBank. “We believe expanding in our existing building envelope will allow us to provide high quality, enterprise grade colocation space in close proximity to our diverse carrier ecosystem.”

“We are excited to see continued investment in this type of critical infrastructure in the Pittsburgh area as it further demonstrates the growing role of technology in our region,” comments J. Ray Scott, Senior Manager, Storage and Virtualization, Computing Services, Carnegie Mellon University.

DataBank’s Pittsburgh data center expansion will add 10,000 square feet of raised floor and 1.5MW of redundant power and be located directly adjacent to the existing 10,000-square-foot data center site. The PIT1 expansion will be ready for service in Q4 2018.

For more information, please visit www.databank.com.

About DataBank
DataBank is a leading provider of enterprise-class data center, cloud and interconnection services, offering customers 100% uptime availability of data, applications and infrastructure. DataBank’s managed data center services are anchored in world-class facilities. Our customized technology solutions are designed to help customers effectively manage risk, improve their technology performance and allow them to focus on their core business objectives. DataBank is headquartered in the historic former Federal Reserve Bank Building, in downtown Dallas, TX. For additional information on DataBank locations and services, please visit www.databank.com or call 1 (800) 840-7533.

About Digital Bridge Holdings
Founded in 2013 by Marc C. Ganzi and Ben Jenkins, Digital Bridge is focused on the ownership, investment and active management of companies in the mobile and internet infrastructure sector. Since inception, Digital Bridge has raised over $6.5 billion of debt and equity capital used to acquire and invest in the development of communications infrastructure businesses, including DataBank, Vantage Data Centers, ExteNet, Vertical Bridge, Andean Tower Partners, and Mexico Tower Partners.

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BOSTON – Iron Mountain Incorporated (NYSE: IRM), the storage and information management services company, has acquired EvoSwitch Netherlands B.V and EvoSwitch Global Services B.V. (“EvoSwitch NL”) for €205 ($235) million. The transaction provides 11 megawatts (MW) of existing data center capacity in the Netherlands, which is 100% leased, with expansion capability of an additional 23 MW, for total potential capacity of 34 MW.

Founded in 2007, EvoSwitch NL is a leading global brand and provider of multi-tenant data center space, operating one of the largest colocation facilities centers in the Metropolitan Region Amsterdam (MRA). Its existing campus supports more than 50 connectivity and telecommunication providers, including world-leading internet exchanges, such as the Amsterdam Internet Exchange AMS-IX. The MRA is a critical node in the FLAP data center market (Frankfurt, London, Amsterdam, Paris), which totaled approximately 1160 MW at the end of 2017. The MRA experienced net absorption of more than 21 MW of space in the fourth quarter of 2017, making it the second largest data center market in Europe and a Top 5 global market. This transaction enhances Iron Mountain’s presence in the important FLAP market, following Iron Mountain’s move into London early this year through the purchase of a data center facility from Credit Suisse.

The MRA region also boasts the lowest average energy prices and the most reliable energy grid among FLAP markets. EvoSwitch NL has focused on sustainable operations since its founding and had the first 100% carbon neutral data center facility in the Netherlands using wind, hydro and biomass power, consistent with Iron Mountain’s commitment to offsetting 100% of its data center carbon footprint.

EvoSwitch NL has a diversified base of global customers including multinational enterprises, cloud service providers and public sector institutions. Leaseweb Netherlands B.V., (“Leaseweb NL”), a related party of the seller and a large cloud hosting company with operations in 35 countries, represents approximately 45% of EvoSwitch NL’s contracted revenue under a 10-year lease agreement, making it one of Iron Mountain Data Centers’ Top 5 customers. No other customer represents more than 15 percent of total revenue.

The EvoSwitch NL data center acquisition includes two locations in the MRA. The first is a state-of-the-art facility totaling 150,000 square feet of space with 87,000 square feet of existing data halls, representing approximately 11 MW of existing power capacity. Expansion of a further 2 MW is underway at this location, with 600 kilowatts preleased to Leaseweb NL. This location is expandable to a total of 430,000 square feet of space that can support additional data halls totaling 14 MW, bringing the first location to 27 MW of total potential capacity.

The second location is a site that can support a 57,000 square-foot facility including 41,000 square feet of data hall development. Expansion capacity at this site can support a further 7 MW, bringing total potential capacity for the two locations to 34 MW.

“We are pleased to welcome the EvoSwitch team and its customers to Iron Mountain. The seasoned management team has operated in the data center business for more than 11 years and delivered consistent growth,” said Mark Kidd, senior vice president and general manager, Iron Mountain Data Centers. “EvoSwitch NL’s focus on security, energy efficiency and its solid track record of continuous uptime is a great fit with our existing data center organization. When combined with current and potential capacity in Iron Mountain’s existing data center portfolio, our total portfolio now represents more than 285 MW across many of the most attractive and highest net absorption markets in the U.S. and globally.

“Having established our significant international data center platform through both recent transactions and organic growth, we look forward to continued integration of the business, and our near-term growth will be primarily from the development of new space in the attractive global markets where we have a presence,” Kidd added.

Eric Boonstra, chief executive officer, EvoSwitch said, “We look forward to combining our EvoSwitch NL business with that of Iron Mountain Data Centers, which shares our commitment to customer service and operational excellence. This transaction represents an opportunity for us to extend relationships with our existing customers by providing data center expansion capacity in important continental European markets, and the potential to provide capacity in the important Amsterdam region to Iron Mountain’s legacy data center customer base.”

Leaseweb founder and CEO Con Zwinkels added, “We share Eric’s enthusiasm for this acquisition of EvoSwitch NL. As a global cloud hosting company serving more than 17,500 customers worldwide, it is important for us to accommodate their growing needs. Through this transaction, Leaseweb has improved access to a broad portfolio that includes Iron Mountain’s data centers around the globe. We are pleased to be partnering with a company that has such a strong reputation for security and reliability.”

Transaction Economics

The consideration of €205 ($235) million, represents a multiple of approximately 14x 2018 EBITDA, excluding integration expense. The purchase agreement also includes a future revenue credit to Leaseweb, in the amount of $25 million, which may be utilized for future expansion and new leasing in any of Iron Mountain Data Centers’ other global locations prior to June 2028, subject to other terms.

Iron Mountain projects a stabilized net operating income yield of 12% – 13% following build-out and lease-up of the expansion capacity at the EvoSwitch NL locations. The existing EvoSwitch NL capacity is expected to generate annualized revenue of approximately $30 million at mid-50% Adjusted EBITDA margins. Including integration costs, Iron Mountain expects the transaction to result in modest AFFO dilution of approximately 0.5% in 2018, and for the acquisition to be accretive in 2019 following integration.

While the EvoSwitch NL acquisition was not part of Iron Mountain’s previously disclosed 2020 plan, the transaction supports the company’s goal to accelerate Revenue and Adjusted EBITDA growth through a shift in mix to faster-growing, higher-margin businesses. The transaction is debt financed. The company remains on track to reduce its lease-adjusted leverage ratio to the mid-5x range by year-end 2018, and is committed to its 2020 plan to reduce its leverage ratio to approximately 5x, and lower its dividend payout as a percentage of Adjusted Funds From Operations to 70% – 75%, assuming annual dividend per share growth of approximately 4%.

About EvoSwitch NL
EvoSwitch NL was founded in 2007 as part of the Ocom Group (www.ocom.com), Europe’s largest privately owned internet services company, and the first carbon and carrier-neutral data center in the Netherlands. Since then it has grown continuously, reflecting the growth of the Internet in general and its customers in particular. Following through on its carrier-neutral proposition, it has also built up a diverse ecosystem of telecommunications carriers and network service providers that help customers connect cost-effectively and with confidence. Following the sale of EvoSwitch NL, the selling entity, EvoSwitch International B.V. will remain part of the Ocom Group and will continue as a brand and data center operator, with operating companies EvoSwitch Germany GMBH and EvoSwitch USA, Inc.

About Iron Mountain
Iron Mountain Incorporated (NYSE: IRM), founded in 1951, is the global leader for storage and information management services. Trusted by more than 225,000 organizations around the world, and with a real estate network of more than 85 million square feet across more than 1,400 facilities in over 50 countries, Iron Mountain stores and protects billions of valued assets, including critical business information, highly sensitive data, and cultural and historical artifacts. Providing solutions that include information management, digital transformation, secure storage, secure destruction, as well as data centers, cloud services and art storage and logistics, Iron Mountain helps customers lower cost and risk, comply with regulations, recover from disaster, and enable a more digital way of working. Visit www.ironmountain.com for more information.

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The CloudFest India 2018 that was held in Mumbai, India on May 23rd comprised jampacked sessions and informative keynotes that ensured that the day was full of knowledge and innumerable networking exchanges. There were talks on domains; net neutrality; tips to help hosting providers become cloud solutions providers; and internet market opportunities for startups and SMBs, just to name a few. India, with 4.9 million registered domains (as of Q4 2016) and 51 million SMBs represents a huge market for the internet industry. The Chief Product Officer at GoDaddy – Steven Aldrich, opened the keynotes for the day, throwing light on how independent ventures are growing in India, and how they will drive global employment. Later, an interesting session on net neutrality was taken by Tim Wu – American lawyer and professor at Columbia Law School with Seoren von Varchmin – CEO, Cloudfest as the moderator. Tim discussed about the state of IT in the context of India market. Vice-President – Naming…
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SAN JOSE, CA – Adobe (Nasdaq:ADBE) today announced it has entered into a definitive agreement to acquire Magento Commerce, a market-leading commerce platform, for $1.68 billion, subject to customary purchase price adjustments. The addition of the Magento Commerce Cloud will enable commerce to be seamlessly integrated into the Adobe Experience Cloud, delivering a single platform that serves both B2B and B2C customers globally. The Magento Platform brings together digital commerce, order management and predictive intelligence into a unified commerce platform enabling shopping experiences across a wide array of industries.

Adobe is the leader in designing and delivering digital experiences through content and data. At the core of every great experience are content and data, which enable the consistent, personal, intuitive experiences consumers have come to expect. Commerce is also integral to the customer experience. Consumers and businesses now expect every interaction to be shoppable – whether on the web, mobile, social, in-product or in-store.


Magento brings Adobe Experience Cloud digital commerce enablement and order orchestration for both physical and digital goods across a range of industries, including consumer packaged goods, retail, wholesale, manufacturing and the public sector. The Magento Platform is built on proven, scalable technology supported by a vibrant community of more than 300,000 developers. The Magento partner ecosystem provides thousands of pre-built extensions, including payment, shipping, tax and logistics. This level of flexibility gives businesses the ability to quickly ramp and iterate their commerce capabilities for their unique business needs.

Current Magento customers include brands like Canon, Helly Hansen, Paul Smith and Rosetta Stone. Adobe and Magento share joint customers including Coca-Cola, Warner Music Group, Nestlé and Cathay Pacific.

“Adobe is the only company with leadership in content creation, marketing, advertising, analytics and now commerce – enabling real-time experiences across the entire customer journey,” said Brad Rencher, executive vice president and general manager, Digital Experience, Adobe. “Embedding commerce into the Adobe Experience Cloud with Magento enables Adobe to make every moment personal and every experience shoppable.”

“Adobe and Magento share a vision for the future of digital experiences that brings together Adobe’s strength in content and data with Magento’s open commerce innovation,” said Mark Lavelle, CEO, Magento. “We’re excited to join Adobe and believe this will be a great opportunity for our customers, partners and developer community.”

Upon close, Magento CEO Mark Lavelle will continue to lead the Magento team as part of Adobe’s Digital Experience business, reporting to executive vice president and general manager Brad Rencher.

The transaction, which is expected to close during the third quarter of Adobe’s 2018 fiscal year, is subject to regulatory approval and customary closing conditions. Until the transaction closes, each company will continue to operate independently.

About Magento Commerce
Magento Commerce is a leading provider of cloud commerce innovation to merchants and brands across B2C and B2B industries. In addition to its flagship digital commerce platform, Magento Commerce boasts a strong portfolio of cloud-based omnichannel solutions that empower merchants to successfully integrate digital and physical shopping experiences. Magento Commerce is the #1 provider to the Internet Retailer Top 1000, the B2B 300 and the Top 500 Guides for Europe and Latin America. Magento Commerce is supported by a vast global network of solution and technology partners, a highly active global developer community and the largest eCommerce marketplace for extensions available for download on the Magento Marketplace. More information can be found at www.magento.com.

About Adobe
Adobe is changing the world through digital experiences. For more information, visit www.adobe.com

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REDWOOD CITY, CA & LONDON – Equinix, Inc. (Nasdaq: EQIX), the global interconnection and data center company, today announced it will expand its LD4 International Business Exchange™ (IBX®) data center at its London Slough campus. The new phase supports the continued growth of the world’s largest multi-asset class electronic trading ecosystem which consists of a robust collection of interconnected execution venues, trading platforms, market data vendors, service providers, buy-side firms, and sell-side firms. The new $39 million USD (£29M GBP) expansion is scheduled to open Q4 2018.

The new expansion of the LD4 data center will enable customers to interconnect securely with 1,000+ businesses in London including leading capital markets participants, insurers and electronic payments firms, as well as 200+ network service providers and 275+ cloud and IT service providers. Today LD4 has 3,777 cabinets in approximately 10,000 square meters of colocation area; the expansion will add an additional 1,075 cabinets in approximately 3,300 square meters of colocation area.


Leading financial services companies such as Nasdaq leverage Equinix’s global interconnection platform — Platform Equinix™ — to securely transact with ecosystem participants. As the creator of the world’s first electronic stock market, Nasdaq has deployed with Equinix in LD4 in London, as well as New York City for close proximity to customers and partners who demand high performance, low latency connectivity. This private connectivity allows for sharing large amounts of data with multiple stakeholders through private business exchanges, securely bypassing the public internet completely.

According to the Global Interconnection Index, interconnection bandwidth in Europe is expected to grow to reach 1450+Tbps by 2020, contributing more than a quarter of interconnection bandwidth globally. Banking and Insurance is expected to grow to reach 955+ Tbps of interconnection bandwidth by 2020. Furthermore, London is set to quadruple its private data exchange from 114 Tbps to 486 Tbps.

With over 90 network service providers and access to a range of transatlantic cables, the London Slough campus is one of the busiest network nodes in the UK, and offers latency in the region of 30 milliseconds to New York and 4 milliseconds to Frankfurt, making it an ideal high-performance hub for electronic trading, as well as cloud and content service provision.

Equinix will be hosting a full day event on May 16 in London called “Innovation through Interconnection”. The event will feature presentations and panel discussions on trends such as how multicloud and hyperscale computing, IoT and digital payments are changing the way businesses operate and interconnect. Speakers include executives from Nasdaq, Cobalt, JustEat, European Connected Health Alliance, CGI, Jaguar Land Rover, Hitachi Vantara, Perform Media and Colt. For more information, visit https://eqix.it/ITI18

About Equinix
Equinix, Inc. (Nasdaq: EQIX) connects the world’s leading businesses to their customers, employees and partners inside the most-interconnected data centers. In 52 markets worldwide, Equinix is where companies come together to realize new opportunities and accelerate their business, IT and cloud strategies. www.equinix.com.

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