Outages, cloud, managed third party cloud, expansions, edge
The cloud sector saw a number of developments and they were not necessarily on the positive side. Google Cloud suffered an outage earlier in the week and the impact was far-reaching, taking down a number of prominent Internet services. Meanwhile, there continues to be a shake out at Oracle Cloud as media reports are pointing to more headcount reductions in the cloud business unit.
But the larger directional trend of cloud, needless to say, is moving in a positive direction. In the past week, there were a number of customer wins from AWS and Oracle and there continues to be momentum on the managed third party cloud side. Mission raised another $15m amid strong growth and OneNeck rolled out a managed Office 365 service. The rise of managed third party cloud also continues to drive the strategic arena as NTT acquired an AWS-focused cloud shop in Spain.
It has not been all fun and games in M&A. Fusion Connect, which has acquired a number of cloud and connectivity service providers, filed for bankruptcy amid crippling debt created by ill-advised acquisitions.
Hyperscale cloud continues to be one of the primary drivers of growth in wholesale data centre. And hyperscale is clearly playing a role in builds such as Colt DCS’s expansion in Tokyo, CoreSite’s build in NoVA and H5 and its expansion in Phoenix.
Edge markets continue to see more activity and Keppel Data Centres in Singapore confirmed taking a stake in edge data centre market specialist Etix’s Series C round.