Cloud, hyperscale, earnings, M&A, edge, verticals
It was another busy week with earnings season in full swing, while the strategic landscape saw a number of interesting developments across several different geographies.
All the major hyperscale cloud platforms reported in the past few weeks and we take a closer look at the results coming from AWS, Microsoft and Google. The results spoke clearly. Public cloud has not just stabilized, but is positioning to see accelerating growth as the wider economy begins to recover. Elsewhere in the sector, we look at Digital Realty’s results, which were again driven by global markets.
On the strategic side, data centre operator Switch acquired Data Foundry and put Texas on its map, while in Canada, eStruxture secured its latest round of financing and completed the acquisition of Aptum’s Canadian colocation assets, and Canada15Edge merged with Whipcord to form Whipcord Edge. Over in Asia, CapitaLand, which recently acquired a portfolio of data centres in Europe from Digital Realty, picked up a hyperscale data centre in Shanghai and Princeton Digital Group secured more debt financing for its expansion activity in China. It was less busy on the cloud and hosting side, but Rackspace made an undisclosed strategic investment in managed Kubernetes vendor Platform9 as it looks to build out more capabilities with container management and an investment fund run by OVH’s founder acquired gaming cloud service Shadow.
Hyperscale land banking continues and AWS has been active in the UK and Northern Virginia. AWS also released more details about customers running on Outposts as it is increasing the size of these footprints and building out into multiple geographies.
Elsewhere in the sector, we saw more vertically oriented services as Mission partnered with AWS to roll out managed cloud services tailored for the media and entertainment industry, while GoDaddy is building more management tools for designers and developers. Data centre expansion remains steady and EdgeConneX is adding 20MW in multiple US markets, while Aligned broke ground on a new hyperscale facility in Chicago.
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