GlassHouse Technologies, a leading independent IT infrastructure consulting and services firm, has announced it has acquired London-based data center services company, Data Center Moves International (DCMI). This acquisition expands the suite of data center services GlassHouse is able to offer its clients and provides them with a proprietary software tool that manages the entire migration process and helps identify strategies for creating a 'green' data center. DCMI, founded by Martin Williams, created a proprietary framework to manage the entire data center migration process.
Pan-European carrier neutral Data Centre company, Interxion, has received a further 40 million of funding for the second phase of its Data Centre build out in Europe which will involve the build out of a further 5,000 square metres of net space to be available during the course of 2008. The extra investment will be funded with a 30 million euro flexible credit facility with Fortis Amsterdam supported by Rabobank. The total credit facility involved is 62.5 million. New space will be added to existing sites in London, Madrid and Brussels.
BT has agreed to acquire INS Group S.A, a Belgium-based network and systems integrator. Based in Brussels INS has 225 employees based across the Benelux, France, Germany, the US and India. It provides data, voice, video infrastructure to businesses and the management of customer collaboration platforms. To the end of 2006 the company generated revenues of 27.9 million. BT stated that its aim was to further establish its position in convergent technologies.
Wipro Ltd, India's third-largest software company, has completed the acquisition of Infocrossing Inc, a New Jersey-based data centre provider for approximately USD 600 million. Infocrossing, specialising in information technology infrastructure, enterprise application and business process outsourcing services, is Wipro's biggest overseas acquisition, for which it paid USD18.70 a share. The buyout will give Wipro its first data centres in the US cities of Omaha, Nebraska, and Tempe. Set up in 1985, Infocrossing went public in 1992. The company has 900 employees and five data centres.
Splunk, creators of the IT Search engine for logs and IT data, has closed USD25 million in Series C funding led by Ignition Partners of Bellevue, Washington. Also participating in the round were the company's existing investors August Capital, JK&B Capital and Sevin Rosen Funds. Splunk's free download business model has put the company on a rapid growth trajectory. The funding will be used to continue Splunk's adoption in data centres around the world. Customers include Visa International, Verizon Business and The U.S. Department of Justice who use Splunk's IT Search.
Connect Holdings Limited (Connect) has announced the operational merger of Asia Netcom's EAC system and the C2C network, with Asia Netcom taking full operational control of both entities. The integration of these two networks into a single system - with dual landings and 33 PoPs (Points-of-Presence) in key markets strengthens its regional position. The combined EAC and C2C network platform has a US$4 billion replacement value with a retail value of US$10.3 billion in today's market.
Ahead of its 3rd quarter results, Equinix the US-based carrier neutral Data Centre company who acquired IXEurope in September has provided revenue and EBITDA guidance for the full 2007 year and revenue guidance for 2008. For the 2007 full year Equinix has forecast group revenues of up to USD415 million with EBITDA of up to USD151 million. For 2008, the company foresees revenues increasing by almost 50 per cent, largely as a result of the IXEurope acquisition. Group revenues will range up to USD625 million of which up to USD150 million will be derived from Europe.
Since the opening in April 2007, EvoSwitch, the Dutch carrier-neutral datacenter that operates climate-neutrally, has already filled one-third of the capacity of the first phase with customers. As a result, EvoSwitch is now commencing with the development of the 2nd phase, scheduled for completion in the 2nd quarter of 2008. The development of the 2nd phase will double existing capacity. At present, 2,000 m2 of the available 9,000 m2 are ready to house customers' equipment. Before long, that will be 4,000 m2.
Level 3 Communications, Inc. (NASDAQ: LVLT) today announced that its operating subsidiary has purchased certain assets from AT&T Inc. (NYSE: T) that were divested as a result of the merger between AT&T and BellSouth. The acquired assets consist of indefeasible rights of use (IRUs) for dark fiber connections to 27 buildings as well as more than 450 metro fiber route miles in the nine markets where AT&T was required to divest assets.
Terremark Worldwide, Inc. (NASDAQ:TMRK), a leading provider of managed IT infrastructure services, will hold its quarterly conference call on Monday, November 5, 2007 at 5:00 p.m. Eastern Time. The Company will discuss results for the quarter ended September 30, 2007, as well as the outlook for the third quarter. To participate on the conference call, please dial 866-831-6267 (domestic) or 617-213-8857 (international) five to ten minutes before the call and reference the passcode TMRK Call.
Cogent Communications Group, Inc. (NASDAQ-CCOI) will host a conference call at 8:30 a.m. ET on November 7, 2007 to discuss Cogent's operating results for the third quarter of 2007. Cogent will issue a press release announcing the operating results at 7:00 a.m. ET on November 7, 2007. To participate, investors and other interested parties may access the earnings call as follows: Dial-in Number: 1- 800-930-1353 for U.S.
DuPont Fabros Technology, Inc. (NYSE: DFT), a leading owner, developer, operator and manager of wholesale data centers, has announced the pricing of its initial public offering of 30,500,000 shares of its common stock at a public offering price of $21.00 per share, for net proceeds of approximately $588.7 million after underwriting discounts and financial advisory fees payable to the underwriters and estimated offering expenses payable by the Company.
DuPont Fabros Technology, Inc. (NYSE: DFT) has announced the closing of its initial public offering and that the underwriters for the offering have exercised in full their over-allotment option to purchase an additional 4,575,000 shares of its common stock, bringing the total shares sold to 35,075,000 at a price of $21.00 per share for net proceeds of approximately $678.0 million, after underwriting discounts and financial advisory fees payable to the underwriters and estimated offering expenses payable by the Company.
PEER 1 Network Enterprises, Inc. (TSX-V: PIX), a leading provider of IT infrastructure, has released the company's financial results for the fiscal year ended June 30, 2007, recording the company's first year of four profitable quarters. All figures are in US dollars.
Equinix, Inc. (Nasdaq: EQIX), a leading provider of network-neutral data centers and Internet exchange services, has announced plans to double the size of its Paris2 Internet Business Exchange (IBX) center, and that the center has also received ISO 9001:2000 certification. The 2,500 square meter (26,910 sq. ft.) sellable data center expansion is being driven by significant growth from financial services companies, and other businesses in the Paris market. Equinix's previously announced 1,500 square meter (16,146 sq.
Switch & Data Facilities Company, Inc. (NASDAQ:SDXC), a leading provider of network neutral interconnection and colocation services, has announced that it will release financial results for third quarter 2007 after the market close on Tuesday, November 13, 2007. Management will host a conference call at 4:30 p.m. Eastern Time the same day as the earnings release. The conference call will be webcast and can be accessed from the Investor Relations section of the Company's website at www.switchanddata.com.
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