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News - Finance & Investment

Equinix warning leads data-centre selloff


A panic seemed to hit the data centre sector on Wednesday, when a revenue warning from Equinix sparked a sharp selloff on shares across the group. Equinix trimmed its forecast, saying it lost more customers in North America than expected, as well as “greater than expected discounting” to close...

Microsoft?s Ballmer to invest billions in Cloud data centres


Microsoft will invest “billions” in data centres to handle increased use of cloud services, where information and software are stored remotely and accessed over the Internet, Chief Executive Officer Steve Ballmer said. “The good news is that the cost of data centres is coming down,” Ballmer said...

Savvis reaffirms and narrows full year 2010 guidance


Savvis, a leader in cloud infrastructure and hosted IT solutions for enterprises, has reaffirmed and narrowed its guidance for full year 2010. Savvis expects the following: Revenue of US$917 to US$927 million, a increase from the low end of previous guidance of US$912 million; Adjusted EBITDA of...

Gary council eyes tax exemption for Illinois data centre firm


Mayor Rudy Clay is seeking a "provisional" tax exemption for an Illinois firm that could build a data centre in Gary. A declaratory resolution was introduced to the City Council to seek a personal property tax exemption for DuSable Communications. The council adopted a resolution in August...

Hosting Metro acquires Las Vegas host provider Bizwala Hosting


Hosting Metro has announced that it has reached an agreement with long-time Las Vegas web host company Bizwala Hosting. With the agreement in place, Hosting Metro will migrate their existing services and marketing to its own operations.


As part of the transition, Hosting Metro is...

Zephyr Peacock invests US$10 million in Trimax IT


Private equity firm Zephyr Peacock India Fund has invested US$10 million in Mumbai-based IT firm Trimax IT Infrastructure and Services for a minority stake. Trimax will use the funds to strengthen its team by 1,000 to 3,000 people over the next six months, and to launch its operations in...


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