CapRE’s Data Center Industry Round Up for January 7
Check out the latest in deals, development and disruptive technology in the data center space for January 7, 2018:
- Supreme Court to Hear Emulex / Broadcom Lawsuit: The U.S. Supreme Court has agreed to hear the appeal filed by Emulex that hopes to thwart a lawsuit concerning its acquisition by Broadcom advanced by its shareholders. At issue is whether shareholders must show intent to defraud a merger or an acquisition. The shareholders contend that they were misled into accepting the deal based on inaccurate information that under-valued the value of the Emulex’s stock.
- Zayo Inks 15k Sq Ft Deal: A yet-to-be-named global technology manufacturer has selected Zayo Group Holdings, Inc. for data center colocation. Zayo will provide the customer with hundreds of cabinets in one of its U.S. data centers for mission-critical processes and data. The solution includes approximately 15,000 square feet of space. Zayo will also provide dark fiber connecting the data center to the company’s offices. “Zayo’s colocation enables our customers to manage and maintain their own equipment in our high-performance, highly secure data centers,” said Bruce Garrison, senior vice president of Zayo’s zColo business segment. “In this case, we are serving as an extension of the customer’s on-premise facilities with the additional benefit of providing the dark fiber connectivity they require.”
- HIVE Blockchain Partners with Amber AI: HIVE Blockchain Technologies Ltd. is forming a partnership with Amber AI, a global, diversified electronic trading firm offering a range of fully-integrated institutional services. The agreement provides HIVE with access to Amber AI’s state-of-the-art machine learning with sophisticated quantitative research and best-in-class technology to provide liquidity in digital currencies and derivatives. HIVE will benefit by maximizing the value of cryptocurrencies that the Company sells to fund operations by leveraging the expertise of Amber AI as well as to mitigate inventory volatility by using hedging strategies such as derivatives and asset management.
- Diebold Nixdorf Names New Executives: Jeffrey Rutherford will become Diebold Nixdorf’s full-time Chief Financial Officer after serving in the role in an interim capacity for three months. Diebold Nixdorf has also hired two Senior Vice-Presidents — Julian Sparkes will be Senior Vice-President and Chief Digital Officer, and Hermann Wimmer will become Senior Vice-President for Global Retail.
- Hortonworks is Now Part of Cloudera: As of January 4, Cloudera has completed its acquisition of Hortonworks, first announced in October 2018. “This combined team and technology portfolio establish the new Cloudera as a clear market leader with the scale and resources to drive continued innovation and growth,” Cloudera’s chief executive officer Tom Reilly. “An enterprise data cloud supports both hybrid and multi-cloud deployments, providing enterprises with the flexibility to perform machine learning and analytics with their data, their way, with no lock-in.”