M&A, Canada, MSP, managed third party cloud, APAC, hyperscale, earnings
It was another busy week across the sector, with a number of developments in M&A across Canada and APAC. There was also substantial expansion activity and more managed third party cloud wins.
In M&A, the past week saw Carbon60 in Toronto acquire a cloud consultancy in Vancouver called OpsGuru. This is the third acquisition Carbon60 has done since partnering with private equity firm M/C Partners. OpsGuru supports three public clouds and has a calling card with Kubernetes. In other Canadian activity, STACK INFRASTRUCTURE became the latest US-based provider to enter the Canadian market with the acquisition of a site in Scarborough, where it plans to build a wholesale site of up to 54MW. Meanwhile, Equinix confirmed purchase of a site in Montreal that it will develop into a data centre.
The APAC market saw more M&A on the data centre side. Digital Edge is pushing further into Japan and acquired two data centres in Tokyo, while ESR acquired a site in Hong Kong that it plans to develop into a data centre. ESR recently acquired an existing data centre site in Tokyo and Digital Edge in Osaka. In other APAC development activity, Chief Telecom is building a facility in Taipei, Taiwan.
Elsewhere in data centre M&A, Scala in Brazil acquired the colocation business of Algar Tech, SUPERNAP Italia acquired land for expansion in Milan, while Nabiax acquired more Telefonica data centres in Spain and Chile. In other data centre developments in the US, DataBank expanded in Indianapolis and Vantage added more capacity in NoVA.
There was also M&A in the SMB space. Liquid Web acquired another WordPress plugin technology and Wix acquired more technology to widen the number of business models its e-commerce platform can support.
Moving back to managed third party cloud, this is a sector that continues to develop and grow. Rackspace continues to windeals, while 2nd Watch disclosed some metrics that speak to its progress and DoIT won some Google Cloud deals. Google continues to expand its global footprint and revealed plans to expand in Israel, while AWS recently added to its Local Zone edge footprint.
We continue to look at earnings results and this week zero in on Equinix, Rackspace and Switch.
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