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Our Bureau

Hyderabad, Aug. 20 Northgate Technologies through its wholly-owned subsidiary Axill Europe has acquired Reuters’ London-based data centre spread over 8,000 sq.ft.

The company refrained from providing details of the deal citing non-disclosure terms. This data centre is located near the existing server farm of Northgate in London. It is a global hub for all Internet-based services providing support services to online financial services transactions.

The data centre infrastructure consists of server farm, data connectivity, power back up and would enable Northgate to offer data centric services to financial services companies located in the business district.

According to Northgate, there is shortage of space and power crunch in the busy central area of London. With most of the power being diverted to Olympic site and London Cross Rail, this acquisition is seen to be bridging a gap for additional data centre requirement for Axill Europe’s clients.

The Chief Financial Officer of Northgate, Mr Anil Singh, told Business Line that “this was a financial services data centre for Reuters. Since they were moving on to a much larger space, we could secure this facility. This will help us enhance our own capacity at least by five times.”

“This acquisition will help set up additional server farms by upgrading the network equipment and thereby enhance the company’s ability to offer Internet-based applications and services,” he said.

Northgate currently operates two server farms one in London and another one on Hong Kong offering hosting services and also powering its the company’s Web-based operations, including Globe7 and Sina.com.

More Stories on : Overseas Investments | Outsourcing

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