CapRE’s Data Center Industry Round Up for February 5
Check out the latest in deals, development and disruptive technology in the data center space for February 5, 2019:
- CBRE Acquires Romonet: CBRE Group has acquired the assets of Romonet Limited, a leading advanced analytics software company which provides technology and consulting services for large global data center operators. Romonet’s team of professionals will join CBRE as part of the acquisition. Romonet uses a patented cloud-based technology to unlock efficiencies and increase capacity at data centers. Romonet will be integrated into CBRE’s global Data Center Solutions offering. Romonet is based in the UK and serves clients across the globe. The company was founded in 2008 by data center technology pioneers Zahl Limbuwala and Liam Newcombe.
- Sonasoft to Acquire Hotify: Sonasoft Corp, a leader in innovative eDiscovery and artificial intelligence solutions, announces that it has jointly signed a non-binding letter of intent acquire Hotify, an artificial intelligence software company and the developer of NuGene, an AI cloud-based platform that adds intelligence to solve many industry-specific challenges. Hotify’s engineering team possesses deep expertise in AI and NuGene, has successfully displaced competing solutions that were developed by well-known names in the tech sector. Sonasoft will be able to seamlessly integrate AI into all its products and solutions from the ground up, while Hotify will benefit from the sales reach and existing enterprise accounts from Sonasoft and its fully owned subsidiary, Cornerstone Technologies.
- Baidu to Build Second AI Cloud Data Denter in Northern China: Baidu, the long-time Chinese search engine and advertising giant, will construct a mega data center dedicated to AI-fueled cloud computing in the northern Chinese city of Baoding, Hebei Province. The data center will be the newest cog in the teach giant’s artificial neural network Baidu Brain. This development, the product of a partnership between Baidu and the government of Baoding City (sealed with the signing of a memorandum of understanding late last week) is the latest in a series of moves by Baidu to develop the infrastructure necessary to build more Smart Cities. The initiative is designed specifically to the benefit of traffic monitoring, autonomous driving, and efficient municipal works. This will be Baidu’s second mega cloud-computing data center in the region, following the construction of a similar facility in Yangquan City, Shanxi Province.
- POET to Sell DenseLight Subsidary: POET Technologies Inc, a designer, developer and manufacturer of opto-electronic devices, has signed a non-binding Letter of Intent (LOI) for the sale of the capital stock of its Singapore-based DenseLight subsidiary to an un-named buyer. Terms include a proposed cash consideration in the range of $26 Million USD-$30 Million USD, including a $4 Million USD earn-out provision, no-shop and confidentiality clauses, and an undertaking to enter into key operating agreements, including a preferred supply agreement and a long-term strategic cooperation agreement among the parties. The parties expect to complete the signing of the definitive transaction agreements on or before September 15, 2019. DenseLight was acquired by POET in May 2016 for $10.5 Million USD in POET common stock and has been engaged primarily in the development of new sensing and datacom products, including active devices for POET’s Optical Interposer platform.
- Cockroach Labs + Kingred Group to Develop Edge Solution for Online Gambling: Cockroach Labs has been tapped by one of the world’s leading online betting operators. Kindred Group, to further the development of a truly resilient, agile, and compliant global online gambling platform. With CockroachDB, Kindred will be able to quickly deploy data centers closer to their ever-expanding customer base around the globe, significantly improving the gambling experience while ensuring the flexibility required in a constantly evolving and complex compliance environment. Kindred will also improve its resilience to data center failures, while seamlessly scaling its platform across markets and brands, all while ensuring compliance with changing global regulations, such as GDPR and other regional data restrictions. Using CockroachDB, an ultra-resilient SQL database for global business, Kindred is deploying a first of its kind, globally distributed platform that uses multi-active data centers to provide a world-class experience to its 24 million customers.