CapRE’s Data Center Industry Round Up for November 27

Check out the latest in deals, development and disruptive technology in the data center space for November 27, 2018:

  • KDC Announces New Data Center Near Dallas: KDC will build a 130,000 square foot data center in Richardson, TX outside of Dallas/Ft Worth on a parcel of land previously owned by State Farm. The facility will be located on Lookout Drive, east of Plano Rd, near the CityLine project. “This project is our fifth ground-up data center development in Richardson,” Ab Atkins, KDC senior vice president-partner, said in a statement. “This greenfield data center project is located in a proven data center site and is adjacent to a large financial enterprise data center we previously developed. It contains an on-site electrical substation that is owned and maintained by Oncor.”
  • Jdata center summitLL Names Former IBM Exec as CEO for Americas Corporate Solutions Business: JLL has appointed former IBM executive Sanjay Rishi as Chief Executive Officer for its Americas Corporate Solutions business. John Forrest, who has held a dual role of Global and Americas CEO for Corporate Solutions since 2014, will now fully focus on the Global CEO position for Corporate Solutions. At IBM, Rishi established and led the company’s global Cloud Consulting Services organization. In that role, he ran a team that helped IBM clients use technologies like cloud, big data, artificial intelligence, the internet of things, and analytics to drive business innovation. Prior to joining IBM, Rishi was CIO and Group Vice President – Information Technology and Strategic Planning for Johnson Controls Automotive, and also was a partner at PwC. Rishi will be based in Chicago.
  • Schneider Electric Unveils “Ventures” Arm: has announced the creation of “Schneider Electric Ventures”, which will identify, nurture  and support innovations contributing to future sustainability and energy efficiency. Schneider Electric Ventures will support innovation through funding, incubation and partnerships. The firm has committed to investing between 300 and 500 million euros in incubation projects, partnerships with entrepreneurs, and specialized funds in the coming years. Heriberto Diarte, Schneider Electric’s Head of Open Innovation and Ventures, said: “The investments we’ve made and the companies we’ve incubated so far are central to Schneider Electric’s vision for the future.“These innovative technologies and services we are investing in will make a huge contribution to creating a world that is more connected, greener, efficient and sustainable.”
  • Ohio Announce Businesses May Pay Taxes with Crypto-Currency: In keeping with their goal of becoming a regional Blockchain hub, the state of Ohio has announced that they will now allow local businesses to pay their state taxes with crypto-currency. Ohio, home of the fifth-largest financial services market in the U.S., is one of the first states to officially recognize the legitimacy of Blockchain-based crypto-currency. Ohio now hopes that more Blockchain and crypto-firms will find Ohio to be an attractive place to put down roots and do business.
  • Ruselectronics Unveils Compact Supercomputer: Ruselectronics, part of Russia’s state-owned Rostec Corporation, has announced the development of a compact supercomputer boasting a peak performance of 2.2 petaflops as well as 2.2 petabytes of data storage capacity. The compute module, measures 1.9m by 1.35m by 1m and Ruselectronics anticipates that the platform will most likely be used by the defense, space, smart cities, research, and educational industries.