Investment makes data centre expansion a reality
10th May 2011
Data centre specialist, Next Generation
Data Limited, has secured a package of mezzanine and debt
investment totalling £5 million from investors including Lombard
and Finance Wales to support the expansion of its Newport data
centre.
The expansion will see Next Generation add another 4 data halls
at the Tier 3 facility which is already the largest in Europe and
is similar in size to Heathrow Terminal 5.
“We host customers’ websites, intranets, extranets and other
e-commerce facilities in a highly secure, managed environment. We
can also offer customers a flexible, cost-effective and resilient
data centre service,” explained Nick Razey, Managing Director.
“Since opening in Newport, we’ve experienced a rapid increase in
demand from the corporate, government and cloud computing
sectors.”
Next Generation Data currently hosts hundreds of computer
servers for major companies like BT, IT service providers and
public sector bodies.
Commenting on the investment, Razey said: “Our Newport facility
is a world-class, modern data centre and we’re excited about our
future plans. We’re using this latest investment together with our
own capital to build new capacity. We’re building two data halls to
customer specification as well as some additional space because
we’re seeing many customer requests with short lead times.”
Rhian Elston, Deputy Fund Manager at Finance Wales said: “Next
Generation Data is a specialist in the growing data centre sector.
Its experienced management team worked hard to ensure its
facilities satisfy key customer needs such as power, security and
connectivity.
“The company has a strong business plan and has seen increased
demand for its services. We’re pleased to be investing in Next
Generation Data’s latest expansion as it will ensure it’s
well-placed to capitalise on expected market growth.”
Steve Guy, Origination Director of Lombard’s Large and Complex
Deal Team, concurs, “Lombard is pleased to be involved in this
project. Our specialist technology services team worked closely
with Next Generation Data to find a funding package that delivers a
solution that will help this forward thinking company to further
its growth potential.”
Tier 3 data centres currently host around 80% of all non-mission
critical applications, with demand set to continue.
Next Generation Data’s Newport data centre is staffed by
experienced technologists and operators and provides a
cost-effective alternative to other similar UK facilities.
The facility has triple-skinned walls, bomb-proof glass,
prison-grade perimeter fencing, infra-red detection, biometric
recognition and ex-special forces security guards. It is also
supplied by its own substation providing 90 megavolt-amperes of
power - enough to supply a city of around 400,000 people.
Advisors on the deal were PWC (Next Generation Data’s auditors),
Clyde & Co LLP (legal to Next Generation Data), Geldards (legal
to Finance Wales) and Addleshaw Goddard (legal to Lombard).
For more information, please contact:
Helen Walker-Smith
Tel: 029 2033 8149
E-mail: helen.walker-smith@financewales,co.uk