M&A, Europe, APAC, expansions, hyperscale build delays, results, product development
Activity in the sector picked up coming out of the US Thanksgiving weekend, with M&A activity, global expansions and more results from the recent earnings season.
The M&A landscape has been relatively sluggish, but there were some transactions of note in recent weeks. On the data centre side, Iron Mountain Data Centers entered the market in Madrid though an acquisition, while elsewhere in Europe, Daisy Group offloaded some UK data centres and NorthC completed its recent transaction in Germany. Meanwhile, on the cloud side, CloudWave closed another deal, picking up Sensato Cybersecurity.
Data centre and cloud expansion continues to be global in scope. Equinix entered a second Southeast Asia market in recent months, and confirmed plans to build a data centre in Johor, Malaysia, bordering Singapore, while MEEZA opened a fifth data centre in Qatar. On the cloud side, AWS brought online a second cloud infrastructure region in India and Alibaba Cloud revealed plans to invest further in Manila. The current environment does continue to present challenges as PLDT confirmed delays with a hyperscale data centre build in Manila.
Earnings season has started to wind down, but we take a closer look at the results coming from Cloudflare and GoDaddy – both of who have seen some slowing, but are still on a steady forward trajectory. CoreSite is one of the many data centre operators that went private over the last few years, but perspective on its performance is available within American Tower’s results.
Elsewhere, in product development, OVH is looking to open source its management platform and CoreSite released new capabilities for its Open Cloud Exchange platform.
or