IO, a global provider of data centre services, today announced it has raised US$445 million in debt capital from Deutsche Bank and US$60 million in additional growth capital from an affiliate of Macquarie Capital.
IO will use the proceeds from the Macquarie Capital transaction to further its international and domestic growth and for general corporate purposes. The proceeds from the Deutsche Bank loan allowed IO to refinance its existing US indebtedness.
“This capital raise reflects the robust momentum in the worldwide data centre market – the physical layer of the Internet,” said George Slessman, IO chief executive officer. “We will use this capital to continue our disruption of the data centre industry; bringing web scale data centre capability to any scale business.”
“This a testament to the confidence our investors have in our offering, and it helps us further address the growing demand for modular data centres in this region, particularly from financial services institutions and cloud servic providers. We look forward to growing the Singapore team headcount and our capabilities to better serve our customers in Asia,” said Keith Murray, MD, IO, Singapore.
The latest round of financing follows the recent hiring of three industry veterans to bolster the IO Singapore team – Keith Murray in December last year, Aaron Rasmussen, operations director, in August, and Zeena Saleem, market director, in June. Murray has more than 18 years of experience in the Singapore, Asia Pacific and European data centre markets, while Saleem has led technical and sales teams in NTT, Cable and Wireless, and Singtel. Rasmussen was formerly in charge of Singtel’s Expan managed services operations.
IO customers include Goldman Sachs, Allianz, LexisNexis, and StarHub.
IO will use the proceeds from the Macquarie Capital transaction to further its international and domestic growth and for general corporate purposes. The proceeds from the Deutsche Bank loan allowed IO to refinance its existing US indebtedness.
“This capital raise reflects the robust momentum in the worldwide data centre market – the physical layer of the Internet,” said George Slessman, IO chief executive officer. “We will use this capital to continue our disruption of the data centre industry; bringing web scale data centre capability to any scale business.”
“This a testament to the confidence our investors have in our offering, and it helps us further address the growing demand for modular data centres in this region, particularly from financial services institutions and cloud servic providers. We look forward to growing the Singapore team headcount and our capabilities to better serve our customers in Asia,” said Keith Murray, MD, IO, Singapore.
The latest round of financing follows the recent hiring of three industry veterans to bolster the IO Singapore team – Keith Murray in December last year, Aaron Rasmussen, operations director, in August, and Zeena Saleem, market director, in June. Murray has more than 18 years of experience in the Singapore, Asia Pacific and European data centre markets, while Saleem has led technical and sales teams in NTT, Cable and Wireless, and Singtel. Rasmussen was formerly in charge of Singtel’s Expan managed services operations.
IO customers include Goldman Sachs, Allianz, LexisNexis, and StarHub.
posted from Bloggeroid
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