M&A, hyperscale, edge, Madrid, Columbus, subscale cloud, Europe, earnings
Another busy week saw developments around emerging hyperscale markets, along with a high volume of M&A activity and more results from earnings season.
Google Cloud drove a lot of the activity in emerging hyperscale markets. In the US, Google Cloud brought online its new cloud region in Columbus, Ohio and in Europe, went live with a new region in Madrid, Spain. AWS was also active in the Columbus, Ohio area and moved forward to further expand its data centre capacity in this highly strategic market, while Lincoln Property and Harrison Street formed a JV to acquire land in Columbus and develop a data centre campus.
It was a very busy week in M&A. On the cloud side, Fastly acquired Glitch, a PaaS platform, while Jungle Disk rolled up another backup and cloud storage provider. In the UK, SysGroup picked up more security capabilities and Sungard UK divested its business continuity customers to Daisy Group amid its bankruptcy proceedings.
Technology continues to drive M&A and the CDN and cloud markets continue to be aggressive as they build out next-generation cloud and edge compute offerings. Fastly acquired Glitch to augment its serverless compute offering and DigitalOcean acquired Nimbella last year with the same thinking and rolled out its new serverless offering – DigitalOcean Functions – this past week.
There were also a number of transactions around data centres. In Europe, IPI Partners acquired Swiss provider Safe Host and will fold the operation under STACK EMEA. Meanwhile, Madison Realty International confirmed it was part of Cologix’s recent $3b recapitalization and Lincoln Property and GI Partners acquired land banks and data centre assets in Columbus, Ohio and NoVA, respectively.
Earnings season has been eventful and we look at the results coming from Digital Realty and GoDaddy. VMware reported as well and its continual shift to subscription-based licensing and infrastructure management made it a somewhat unexpected acquisition target. Broadcom will take it out for around $61b.
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