Global hyperscale, M&A, Europe, telco spinouts, product development
Another busy week across the sector was highlighted by some big bets on the global hyperscale data centre market and activity in M&A.
Hyperscale cloud continues to drive data centre expansion and investment capital is in hot pursuit of the opportunity. New platforms continue to be assembled and in the past week a new one – Global Compute Infrastructure – entered the market with the acquisition of a data centre in Poland. Meanwhile, Princeton Digital Group in Singapore brought on new investors in another significant investment round.
On the M&A side of things, MidOcean Partners took a stake alongside existing investors in MSP InterVision and VPLS, formerly Evocative, picked up a MSP operation based in Hawaii called ZR Systems. Data centres changed hands as well. T5 Data Centers acquired an enterprise data centre in Silicon Valley and 1547 acquired the Wells Building in Milwaukee, Wisconsin. Finally, there was another telco divestiture of infrastructure assets, with I Squared Capital picking up GTT’s assets.
GTT has an extensive infrastructure in Europe and it continues to be a busy region. Along with the Global Compute Infrastructure acquisition of ATM, Iver bought cloud provider City Network and Interxion acquired land for future expansion in Vienna.
On the cloud side, there was more product development. Virtustream enhanced its security and compliance offerings, VMware added more features to VMware Cloud on AWS, while Lumen added Zoom to its SaaS portfolio. New interconnection capabilities also rolled off the assembly line as OVHcloud partnered with Equinix and Megaport and VMware added more interconnection features.
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