CapRE’s Data Center Industry Round Up for February 11
Check out the latest in deals, development and disruptive technology in the data center space for February 7, 2019:
- T-Systems Announces Completion of Data Center Consolidation: T-Systems, the German global IT services and consulting division of Deutsche Telekom which has been operating at loss in recent months, has announced via a press release (originally written in German) the completion of their previously announced major data center consolidation. T-Systems’ number of data centers around the earth has decreased to a low of 13, down significantly from their one-time tally of 89. This is the most recent chapter in the highly publicized re-structuring of T-Systems under the helm of Adel Al-Saleh, a recent addition from Deutsch Telekom meant to turn around the struggling organization in the last year. Deutsche Telekom placed a wealth of blame on T-Systems for the conglomerate’s disappointing earnings in 2018. The consolidation follows the downsizing of staff (from 37,000 to 10,000); an exit from 90% of the cities T-Systems has a footprint in (out of 100); as well as the sale of its mainframe business to IBM for almost $1 Billion USD (the deal alone included 400 employees).
- Smoke at Wells Fargo Data Center Causes Headaches for Customers: Many Wells Fargo customers experienced inconveniences as well as financial headaches late last week, thanks to some smoke being detected at one of the bank’s data centers, resulting in an automatic shut down of power and many befuddled customers who experienced troubles, such as declined cards, no access to online banking or cash withdrawals, and missing direct deposits from employers. The incident was first reported by CNBC, who revealed that smoke was detected at Wells Fargo’s data center in Shoreview, Minnesota, at around 5:00 am local time and was under control starting at 9:00 a.m. CNBC also followed up the article when they learned that no fire was positively reported.
- Cryptos Post Crazy Gains: It seems that the numerous trading insiders who advised that investors troubled by crypto’s crash stay the course and play the long game might have been right all along. Crypto-currencies arose from their slump at the end of last week, posting the biggest gains for both Bitcoin and its rivals in over a month – resulting in an addition of $11 Billion in value. The current market cap of crypto-currencies is now $121.3 Billion USD, just short of its peak, $122 Billion USD. the rally followed a similarly dramatic strengthening by Litecoin, which surged to its highest point since November. The currency experienced a 10% gain before the greater rally, followed by a 20% to keep up with its peers.
- Dell EMC Appoints General Manager for the Gulf Region: Dell EMC has named Havier Haddad as the General Manager for the Gulf region, including the countries of Bahrain, Kuwait, Oman and Qatar. Haddad will be responsible for growing and leading company strategies across high growth markets in the Gulf. Under his leadership, Dell EMC hopes to strengthen their commitment to driving digital transformation and innovation. The official press release by Dell EMC highlights the challenges that the Gulf represents as well as the diversity of customers and regional complexities in the region, noting that they require maturity, experience and strong leadership. Haddad is an industry veteran with twenty years of experience in the IT industry, including an 11-year tenure at Dell EMC. He has successfully led and driven the Channel and Distribution organizations across Middle East, Turkey, Africa, and Eastern Europe. Havier comes to his new role from being a Senior Channel Director, a position he has held since January 2015. He had joined EMC in 2008 as Channel Sales Manager for the Gulf and Levant region, followed by a position as Channel Manager from 2010 to 2012.
- Ripple Announces New University Blockchain Research Initiative Partners, Expands to China and Singapore: Ripple will infuse $50 Million USD into a roster of 11 universities to boost the bandwidth of crypto-focused research via a program called the University Blockchain Research Initiative (UBRI). This global initiative, first announced in June 2018, will now support 29 partners in total to fund academic research, technical development and innovation in blockchain, crypto-currency and digital payments. UBRI supports faculty, post-docs and graduate students. Ripple enables global money transfers using blockchain. The new cohort of Ripple partners includes a broader international selection of top-tier university and college partners, representing a wide variety of academic disciplines.