Teraco secures R400-million from Barclays Africa for new data centre
Data centre operator and Internet exchange point (IXP) firm Teraco Data Environments has secured R400m in funding from Barclays Africa to build a new data centre in Johannesburg, South Africa.
The Barclays Africa funding facility will allow for the construction of a large new data centre in Johannesburg to meet continued client demand.
“Teraco’s premium data centre services are in high demand, and the demand is set to continue underpinned by strong growth in the Internet and increased cloud adoption,” says Lex van Wyk, CEO of Teraco.
Teraco has seen a rapid expansion in its footprint over the last three years to include three state-of-the-art data centres located in Cape Town, Durban and Johannesburg, which combined, comprise 10 MVA of power plant, powering over 6,000m2 of data centre space. Teraco is also home to NAPAfrica, Africa’s largest neutral layer-two Internet exchange point (IXP), a home to more than 180 peers across sub-Saharan Africa.
“This is an exciting sector right now. We are delighted to assist Teraco again in the funding of their new data centre to meet continued client demand and to help them in delivering on their client proposition” says Jason Abt, Head of Leveraged Finance and Corporate Debt, from Barclays Africa.
Teraco builds and operates colocation data centre facilities that enable clients to deploy telecommunications equipment and other key IT infrastructure in a scalable way. Teraco further provides clients with a secure environment where they are able to easily connect to submarine cable systems, local terrestrial networks, most major African IP backbones and key content aggregation hubs.
Source: Techmoran 29 January 2015