Check out the latest in deals, development and disruptive technology in the data center industry for September 24, 2019:
- Digital Realty, EQT + Digital Colony Looking at Acquiring CyrusOne: The Dallas Morning News is reporting that many suitors are lining up to look at acquiring CyrusOne. Specifically, Digital Realty and a joint effort by EQT Partners and Digital Colony Partners are at the top of the heap. “Discussions are ongoing and may not lead to a deal,” writes the News.”CyrusOne, which began exploring options with advisers this summer after receiving takeover interest, closed up 1.8% Friday Thursday, for a market value of $8.78 billion. The shares have gained more than 50% this year. Representatives for Digital Colony, Digital Realty and EQT declined to comment. Representatives for CyrusOne didn’t immediately respond to requests for comment. A bidder group including KKR & Co., Stonepeak Infrastructure Partners and I Squared Capital was also considering an offer for CyrusOne, Bloomberg reported last month.”
- Amsterdam Looking to Open Back up to Data Centers: The Dutch Data Centre Association has announced that they are diligently working to open Amsterdam back up to data center construction and development, after unceremoniously closing its “borders” to data centers in mid-July. “An action plan is expected to be finalised before the end of this year, according to the Dutch Data Centre Association. The association also revealed that the government and industry have agreed upon a durable collaboration to establish a strategy for sustainable growth of data centres in Amsterdam and beyond,” writes Data Economy. “Stan Kaatee, Director of the Ministry of Economic Affairs, confirmed the above in a letter of intent which was issued mid-September. He mentioned in the letter that Amsterdam recognizes the importance of data centres, and that data centres are indispensable for both residents, companies and institutions. He added that the temporary halt on the building of data centres by the two municipalities is by no means an “attack” on the data centre industry, but rather, the municipalities want to work on a set of instruments to enable sustainable growth of the data centre industry.”
- CBRE Releases 2019 North American Data Center Outlook: A large supply pipeline sets the stage for market growth in 2019, according to CBRE’s latest North American Data Center Outlook. High level findings include the following: the total capacity of U.S. primary data center markets grew by 200 megawatts (MW) or 8% in H1 2019; more than 411 MW of additional capacity, 35% of it preleased, is currently under construction and scheduled for delivery in the near term; the U.S. primary data center markets recorded 171 MW of wholesale turnkey colocation absorption in H1—57% of the full-year record level in 2018; enterprise users’ adoption of hybrid colocation strategies has raised their interest in facilities that offer more than just competitive rental rates, including multi-cloud access and dense connectivity; This is a growing trend across all industries as enterprises seek more agility for their business, real estate and IT needs; Competitive pricing lowered average asking rental rates in many markets, as providers sought net-new requirements and companies strived to reduce operational expenses.
- Smartiply Edge Gateway Gets Added To AWS Partner Device Catalog: Smartiply brings to the world an Edge-to-Cloud hybrid platform, leveraging Amazon Web Services (AWS), that is designed to optimize computing resources and drive local decision making, further reducing total cost of ownership for AWS Internet of Things (IoT) applications. The Smartiply platform allows AWS Lambda functions and machine learning models to run on the edge, enhancing the core capabilities of Smartiply Edge Gateway without rebuilding. The Smartiply Edge Gateway is a patented multi-purpose product that combines smart connectivity, edge computing, and IoT functions all in one device to address difficult problems faced by IoT applications due to infrastructure, geographic, or economic constraints. The product has been successfully deployed in some of the harshest environments across multiple verticals primarily targeting Public Safety & Security, Enterprise Connectivity, and Smart City use cases. The Smartiply solution provides secure and uninterrupted internet connectivity for IoT and video applications; analyzes video, audio, and sensor data on the edge to infer and take action; and performs data thinning to optimally utilize cloud resources.
- Xenon Partners Announces Acquisition of Metricfire: Xenon Partners, a software-focused technology private equity firm, announced today that it has completed the acquisition of Metricfire, a leading provider in time series data monitoring. Metricfire boasts two products that help developers and IT administrators monitor large quantities of performance metrics. According to BusinessWire, the global IT monitoring tools market is expected to grow at over a 34% CAGR through 2022. Information monitoring tooling provides monitoring to various hardware and infrastructure components for cloud infrastructure and other IT installations. Metricfire provides a complete infrastructure and application monitoring platform from a suite of open source monitoring tools, including the software monitoring platform Graphite and the newly popular Prometheus platform. Multiple trends have contributed to the growth of the IT monitoring tool market in recent years, such as an increased reliance on cloud computing and storage. The acquisition of Metricfire represents Xenon Partners’ most recent strategic investment, adding to a portfolio of eight current companies.
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