Earnings, M&A, executive shuffles, JVs, realignment, shutterings, product development
A busy week saw more results from earnings season, strategic activity, M&A, executive shuffles and various developments on the product side of things.
In the past week, we took a closer look at results coming from Cloudflare, Digital Realty and SUNeVision in Hong Kong. Growth continues to slow, but like other operators in this peer group, the foundation remains solid and things are still moving on a steady forward trajectory.
There were a number of notable strategic developments. Gaw Capital and A3 Capital formed a JV to go after the data centre opportunity in Southeast Asia, Etix Everywhere got a new investor to fund its growth, while on the enabling technology side, cloud discount management platform ProsperOps raised a significant investment round. Meanwhile, there was some M&A activity. Total Webhosting Solutions in the Netherlands merged with France’s Gandi and formed a new operating platform focused on SMBs called Your.Online, and in managed public cloud, DoIT International acquired a Google Cloud reseller customer base. In the data centre space, Aphoria Carter acquired the Fibertown Data Center in Bryan, Texas.
There were other moves that saw assets realigned and shuttered. Equinix closed its PA1 data centre in Paris and IBM Cloud continued its process of closing non-strategic legacy data centre locations that house the IBM Cloud platform.
There was also more shuffling of executives. Evocative elevated its president and COO to the CEO role and CyrusOne also looked internally for its new chief customer officer.
Finally, on the product side, there were various interesting developments. GoDaddy established an interesting e-commerce partnership, StackPath tiered its premium support services, Otava rolled out a DaaS offering and DigitalOcean added performance-oriented instances to its portfolio.
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