What Does the Enterprise IT Flight to Cloud Mean for Wholesale and Colocation Data Center Providers? Part 1: Buyers and Challenges

Toronto, Canada — CapRate recently convened a panel of six leaders in the Canadian Data Center industry to  discuss the sector’s most timely topics regarding enterprise IT Flight to Cloud, including what buyers are looking for, the kinds of enterprise moving to Cloud, and the necessary ingredients for, as well as the dangers of, a migration to the Cloud. This is Part I of the discussion’s transcription. Participants in the discussion included moderator Scott Metcalfe - Vice President, Data Center Solutions, JLI; as well as Roger Karam - Chief Executive Officer, Northern Investment Partners, Inc; J. Marc MacDonald - Founder, Canada15Edge Data Centers and Managing Partner, HighlandsCap Management; Ted Mocarski - Senior Partner, Novacap; and Dave O’Reilly - Vice President of the IT Solution Division, Schneider Electric; and Marc Creel – Director, Colo-D. Below is Part 1 of a transcription of this roundtable: Scott Metcalfe, Vice President – Data Center Solutions, JLI: We have approximately 5300 data centers in Canada, which is 8 million square feet of space. That includes all of the small data centers at sub-1000 square feet. It also includes approximately two hundred purpose-built facilities, largely retail and wholesale facilities. What we are looking at here is, are enterprises getting comfortable, moving into a colocation facility? In the Toronto market alone, I’ve got 22 providers. Montreal has doubled in the last 24 months. Both in terms of absorption and the number of players. So Ted, what are…