CapRE’s Data Center Industry Round Up for December 1
Dec 1, 2017
by Josh Anderson
by Josh Anderson
Check out the latest in deals, development and disruptive technology in the data center space for December 1, 2017:
- UPS Market to Hit $4.5 Billion by 2024: Global Market Insights has released the results of a study finding that the Data Center UPS Market is expected to surpass $4.5 billion by 2024. They report that the growing trend of virtualization, and cloud computing is driving the growth of the data center UPS market. This trend has fueled the rise in the number of UPS installations for data centers in SMBs and large enterprises which has allowed these organizations to use power efficiently and effectively. These systems provide continuous power supply to the data centers and protect them against power interferences. In addition, a major driver of the data center UPS market is the growing usage of online services such as Amazon Prime, Netflix and Hulu coupled with the growth of data center colocation market.
- DHL to invest $353 Million in Malaysian Data Center: DHL has announced plans to invest nearly $353 million USD in its Malaysian Data Center Cyberjava through 2020. They hope this investment will fuel further opportunities to emerging IT talent. This facility is a key node in DHL’s Asia PAC services region. “Digitalization plays an increasingly strategic role in helping global logistics networks achieve the speed, reliability and accuracy needed to keep pace with today’s demands,” said EVP of DHL Alexander Pilaf, in a prepared statement. “The investment we have made in Cyberjaya demonstrates our commitment towards enhancing our capabilities and helping our customers improve their market positions through best-in-class IT infrastructure and skilled talent.”
- Comcast To Expand Fiber Network in Chambersburg, PA: Comcast Business today announced it has invested in a significant expansion of its fiber-based network in Chambersburg, reaching more than 20 additional businesses directly and benefiting many more by making the network more accessible. Capable of delivering up to 100 Gigabits-per-second (Gbps) of network capacity, the fiber optic Ethernet network expansion will support advanced services and give Comcast the ability to give new customers, ranging from small and medium-sized organizations to large enterprises, quick access to its network.
- ConvergeOne to Acquire Forum Merger Coporation: ConvergeOne a leading global IT services provider of data center solutions, today announced that it has entered into a definitive agreement with Forum Merger Corporation (Nasdaq: FMCI) (“Forum”), a special purpose acquisition company. This transaction will enable ConvergeOne to become a Nasdaq-listed public company, with an anticipated initial enterprise value of approximately $1.2 billion. Immediately upon consummation of the transaction, Forum will change its name to ConvergeOne. Clearlake Capital Group, L.P. (“Clearlake”), ConvergeOne’s current private equity sponsor, will remain the largest shareholder in the combined company upon completion of the transaction.
- Broadcomm to Lay Off 308 Brocade Employees After Merger: Broadcomm plans to layoff over 300 employees of Brocade, which they acquired through a $5.5 billion deal completed November 17, 2017, a product of Broadcomm’s aims to become more of a dominant player in the chip manufacturing sector. All of this is expected to occur on Holger Way in San Jose and they are expected to comment January 19, 2018.