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Iron Mountain acquire majority stakes in Web Werks for USD 150 mn

26Feb By AdityaNo Comments

ACQUISITION

Iron Mountain acquire majority stakes in Web Werks for USD 150 mn

Boston, Feb 27th, 2020: NYSE-listed data centre provider Iron Mountain acquire a majority stake in Web Werks for USD 150 million. The acquisition will accelerate Web Werks expansion across the country and build capacity to cater to one of the fastest-growing data centre markets globally. The transaction is expected to close within the next 90 days, subject to customary closing conditions, the statement said. Founded by Nikhil and Nishant Rathi, Web Werks operates three tier-3, carrier-neutral data centres in Mumbai, Pune and Delhi-NCR with a combined capability of 2,25,000 sq ft. It houses six worldwide points of presence, has 4-megawatt power capacity and supports over 6,000 servers of 850 clients. The forthcoming investment will enable it to expand operations in its three ex...

Apple Data Centre in China Will Open by 2020

The construction work of Chinese data centre for the US tech giant, Apple Inc, will begin later this year and it is expected to open by 2020, sources close to the project has said. The communications administration of southwest China's Guizhou Province, where the centre will be built, provided the timetable. With an investment of USD 1 billion, the data centre will cover 67 hectares in Guian New Area and it will offer iCloud services on the Chinese mainland. Starting February 28, iCloud services on the Chinese mainland will be operated by a local partner, Guizhou-Cloud Big Data Industry Co, Ltd. Before the data centre begins operations, the Chinese company will rent servers from China's three major telecom operators to provide iCloud services, the state-run Xinhua news agency repo...

Snapdeal Opens Data Sciences Centre in California

Online marketplace Snapdeal today said it has established a data sciences centre in San Carlos, California to get top global talent and build high-value solutions. The centre will focus on big-data and advanced analytics to add clarity to Snapdeals consumer-centric initiatives, help shape business strategy and optimise the operational efficiencies using data. "We have set up a data science engine in California, which is home to domain talent, to further augment our efforts in creating a superior customer experience and strengthen our supply chain. Snapdeal is extensively working on data mining through an existing analytics team," Rohit Bansal, co-founder, Snapdeal said. The centre houses experienced data scientists from leading global brands like Groupon, Google, Yahoo and Amazon and ...