Peer 1 Network Enterprises, Inc. announced that it has closed a US$2.0 million loan comprised of secured senior convertible debt, the proceeds of which are to be used to build or acquire a data centre in Los Angeles and to complete the build out of the company's new Toronto facility. Peer 1 has 12 state-of-the-art data centres and 17 points of presence across North America and Europe, all connected by Peer 1's IP network.
Syan, specialists in IT outsourcing, will create a new, high-specification data centre, six miles from its existing operations centre at Telford and will provide a high-security disaster recovery option for systems hosted by Syan. In addition to the ground-floor data centre, the top floor of the planned building will accommodate a 125-seat business continuity facility for Syan's staff and will also mark the start of the company's move into providing business continuity services to complement the IT management services already being provided to customers throughout the UK.
TeleCity - the UK-based colocation and data centre service provider - has agreed to a £58m buyout led by the 3i investment group. The news comes just two months after TeleCity announced that 3i was unlikely to make an offer in the near future. 3i and Oak Hill Investors have set up a new company - Inhoco - as a vehicle to acquire the data centre operation. Based in London, Telecity was established in 1998 and floated on the London Stock Exchange in June 2000. It has nine data centres across Europe in Amsterdam, Dublin, London, Manchester, Frankfurt, Paris and Stockholm.
NaviSite, Inc. (NASDAQ SC: NAVI), a leader in deploying, managing and enabling software applications and infrastructures for mid-market organizations, and Navint Consulting LLC, a leading technology and solutions consulting firm, today announced that NaviSite has sold its Microsoft Business Solutions (Business Solutions) Software Resell and Professional Services practice, which includes over 500 customers, and had annual revenues of approximately $4.0 million, to its long-time partner, Navint Consulting LLC, for approximately $3.5 million, effective immediately.
Unisys New Zealand will double the capacity of its datacentre in Paraparaumu at a cost of about NZ$2.5 m by adding a 500 sqm building. The datacentre will become one of three "command centres" in Asia Pacific from which it will manage and monitor its other datacentres in the region, including a 1500 sqm facility in Sydney. The centre houses four Clearpath mainframes and nearly 500 servers. The Paraparaumu site was chosen for the datacentre in part because of its relatively low earthquake risk.
Vancouver based Peer 1 Network Enterprises has acquired the dedicated server assets of Interland Inc. for US$14 million including data centres in Fremont; Atlanta, Georgia, and Miami, Florida. Peer 1 has entered into an agreement with two unnamed lenders for up to US$28 million, of which US$24 million was drawn down upon completion of the acquisition. The loan bears interest at a rate per annum equal to Libor plus 6.5 percent, maturing on Sept. 2, 2008, but that can be extended by Peer 1 for two years.
Turnover for Redbus Interhouse plc, the independent colocation and managed services provider, six months ended 30 June 2005, increased by 28% to £9.7 million (2004: £7.6 million). The Group achieved its first half yearly EBITDA profit, which amounted to £0.1 million (2004: loss of £0.8million). The loss before taxation improved by 24% to £2.8 million (2004: loss of £3.7 million).
Internap Network Services Corporation, a provider of performance-based routing services for IP networks, has reported financial results for the second quarter ended June 30, 2005. Revenues were US$37.6 million, an increase of 4.4% compared to the US$36.0 million reported for the second quarter of 2004. The Company's customer base grew to 2019 customers an increase of 35 net new customers in the quarter. Internap also launched BusinessNetTM a "managed services" for accelerating data intensive TCP-based applications across long distances over the Internet.
Revenues were US$52.5 million for the second quarter, a 33% increase over the same quarter last year and an 8% increase over the previous quarter. Recurring revenues, consisting of colocation, interconnection and managed services, were US$49.4 million, a 33% increase over the same quarter last year and an 8% increase over the previous quarter. Based on a total cabinet capacity of approximately 26,100, the number of cabinets billing at the end of the quarter was approximately 12,400, or 47%, up from approximately 11,700 the previous quarter.
Hewlett-Packard has invested some US$100 million in business recovery centres over the last 12 months. The investment - three quarters of it in Europe - has enabled it to open four new business recovery centres, in Italy, Spain, the Netherlands, and the U.K. in recent months.
ITC^DeltaCom, Inc. a provider of integrated communications services to customers in the southeastern United States, has entered into an agreement with members of the Quality Group of Companies (Quality) to sell ITC^DeltaCom's e^deltacom business, including e^deltacom's data centre facility in Suwanee, Georgia. e^deltacom provides managed colocation, hosting, security, data storage, monitoring and networking services and hardware solutions. Quality is a full-service developer and provider of specialised commercial and governmental facilities.
Terremark Worldwide, Inc. an operator of integrated Tier-1 Internet Exchanges and network services has acquired Dedigate N.V. (Dedigate), a privately held European managed dedicated hosting provider. Dedigate's existing annual recurring revenue is approximately US$7 million, with projected revenues over the next twelve months to exceed US$10 million. Dedigate delivers its solutions out of six data centres in Europe. The Network Operations Centre (NOC) is located in Ghent, Belgium.
365 Incorporated announced its expansion into the Los Angeles market with the acquisition of a mission-critical data centre located in El Segundo, California. The carrier neutral company has a financial partnership with Rockwood Capital. The El Segundo facility meets the same criteria that have been established at 365 Main, San Francisco. 365 Main's state-of-the-art base isolation system, seismic integrity, and structure was the only data centre chosen by the California Department of Mines and Geology for their study on seismic integrity.
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