News - Finance & Investment
euNetworks secures debt funding commitment
euNetworks Group has announced that it has entered into a term loan facilities agreement with Barclays Private Credit Partners Fund.Terms and conditions for the committed term loan facility including interest rate, total leverage incurrence test and delayed draw feature are favourable to market...
Shakopee approves incentives for data centre
A proposed data centre project in Shakopee got a boost from the City Council even though the new development shrunk by almost 20% from a previously-approved plan. The Shakopee council last month approved a 50-percent property tax abatement that would rebate...
STPI to set up data centre in Hyderabad
The Software Technology Parks of India will set up a data centre in Hyderabad. The data centre will address the storage and cloud needs of small and medium enterprises.STPI Director-General Omkar Rai and STPI (Andhra Pradesh) Director Venugopal have met the AP Information Technology Minister...
Rackspace off to 'slow start' for 2013 with Q1 revenue miss
Despite professed optimism from company executives, Rackspace is starting 2013 off on the wrong foot by dipping below analyst expectations. The open cloud company reported first quarter earnings of US$27 million,). Non-GAAP earnings were 20 cents a share...
Go Daddy breaks ground on Arizona data centre
Web host Go Daddy broke ground on its data centre in Tempe, Arizona in a ceremony attended by Governor Jan Brewer and representatives from Arizona State University Research Park, Ryan Companies, the Arizona Commerce Authority and the Greater Phoenix Economic...
DuPont Fabros Technology reports first quarter 2013 results
DuPont Fabros Technology has reported results for the quarter ended March 31, 2013. For the quarter ended March 31, 2013, the company reported earnings of US$0.12 per share compared to US$0.08 per share for the first quarter of 2012. Revenues increased 12%, or...
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