CAPRE’s Data Center Round Up for January 2, 2020
Check out the latest in deals, development and disruptive technology in the data center industry for January 2, 2020
- SDDC Market to Hit $235 Billion USD: Global Market Insights has released a report finding that the market valuation of Software-Defined data centers will reach $235 Billion USD by 2026. “Growing demand for resource pooling, resiliency, data integrity, virtualization, and predictability among businesses is proliferating the market size,” reads the press release. “Increasing dominance of cloud services and steady growth in business & consumer applications across the globe are driving the industry growth. Rising trends of streaming video, online shopping, and social networking are propelling the data generation.”
- eStruxture Partners with Vertiv to Build Montreal Data Center: eStruxture recently joined forces with the Architects of Continuity from Vertiv to transform the building formerly housing the Montreal Gazette printing press into its MTL-2 facility that officially launched October 10, 2019, offering customers scalable solutions for high-density infrastructure deployments. How the companies collaborated to meet this market need while also increasing operational efficiency and reducing its overall environmental footprint is highlighted in a newly released case study. Vertiv specializes in bringing together hardware, software, analytics and ongoing services to ensure its customers’ vital applications run continuously, perform optimally and grow with their business needs.
- INAP Adopts Plan Designed to Protect NOLs: Internap Corporation has announced that its Board of Directors has adopted a stockholder rights agreement to protect the availability of INAP’s net operating losses in future tax years under the Internal Revenue Code. At December 31, 2018, INAP had $366.6 Million USD of NOLs available for use to offset INAP’s future federal taxable income. INAP’s ability to use its NOLs would be substantially limited if INAP experienced an “ownership change” as defined in Section 382 of the Internal Revenue Code. A company generally experiences such an ownership change if the percentage of its stock owned by its “5-percent shareholders,” as defined in Section 382, increases by more than 50 percentage points over a rolling three-year period. The NOL Rights Plan is intended to reduce the likelihood of such an ownership change at INAP by deterring any person or group from acquiring beneficial ownership of 4.9% or more of INAP’s outstanding common stock, thereby protecting stockholder value.
- Microsoft and KKBOX Group Launch Global Strategic Partnership: Microsoft Taiwan and Asia’s leading media technology company, KKBOX Group, have announced the launch of a global strategic partnership that will migrate the group’s subsidiary KKBOX’s music streaming services to the Microsoft Azure cloud platform. Additionally, KKBOX Group subsidiary KKStream has joined Microsoft’s global partner network to release BlendVision™, a next-generation commercial video streaming solution that will harness data and AI to effectively reduce operating costs of over-the-top (OTT) platform operators. Microsoft and KKBOX Group will also jointly use data and AI to optimize its music-creation system and explore new music-listening possibilities for consumers. This cooperation is a milestone for KKBOX Group’s internationalization initiative and opens up more possibilities for the digital entertainment industry.
- Interxion Enters into Agreement for Controlling Interest in Icolo and Establishes Strategic Partnership with Pembani Remgro Infrastructure Fund: Interxion Holding has entered into an agreement to acquire a controlling interest in Icolo, a Kenyan data centre operator, and that it has also entered into a strategic partnership with the Pembani Remgro Infrastructure Fund. As part of these transactions, PRIF will invest in Icolo and will collaborate and co-invest with Interxion on expansion initiatives across the African continent. The transaction is expected to close in 1Q 2020. Since Interxion’s initial investment in March 2016, Icolo has delivered strong growth and has established itself as a leading African carrier and cloud-neutral data centre operator. With two data centres in Kenya currently in operation, Icolo is experiencing strong demand from cloud and content platforms and across the enterprise segment. Acquisitions of 25,000 sqm of land for further expansion of Icolo’s data centre footprint are in progress in both Mombasa and Nairobi, with the associated total capacity for Icolo in Kenya expected to grow to approximately 20MW. In Mombasa, Icolo is uniquely positioned to benefit from the growing number of submarine cable consortia that have expressed their intention to land in Kenya.