M&A, MSP, earnings, public cloud, JV, APAC, expansions
The past week saw more M&A activity, the kick off of earnings season, global data centre expansions and a number of interesting customer wins.
The M&A arena was busy in the MSP and managed infrastructure sector. Pamlico made another acquisition and took a stake in distributor AVANT, Toronto’s Centrilogic acquired an Oracle shop called 3RP, while on the private equity side, Norwest Equity Partners acquired Coretelligent from VSS Capital Partners. Speaking to the value proposition of the sector and its increasing focus and specialization, providers like Virtustream and CloudWave won customers in the healthcare sector.
Earnings season is underway and AWS again turned in a stellar quarter. AWS revenue for the quarter was $16.11b, up 39% y/y. There continue to be signs of growth acceleration at AWS. Meanwhile, Microsoft and Google reported as well. Microsoft held steady and we have some details and discussion of its results.
On the private company side, we got data points from Global Switch, Acronis and CloudWave that help us understand how they are tracking.
There continues to be global data centre expansion as hyperscale moves cross the globe. Digital Realty set up a JV in Africa and Vantage expanded to South Africa, while also providing some colour on its progress in Europe. Meanwhile, Equinix is expanding in Manchester and formed its own JV with PGIM to build hyperscale data centres in Australia. There were also developments of note in APAC, particularly Indonesia. Edge DC, part of Digital Edge, officially opened its data centre in downtown Jakarta and a new project in Batam, Indonesia is underway under the new Data Center First banner. Australia has been very busy of late and NEXTDC acquired land in Darwin for a new expansion.
Hyperscale clouds continue to add dots on the map and Alibaba Cloud confirmed plans to build in two more APAC markets: South Korea and Thailand.
Finally, elsewhere in the emerging second tier, DataBank confirmed plans to expand in Kansas and Expedient opened a new data centre in Milwaukee, Wisconsin.
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