Roundup: TelecityGroup, Global Crossing, Savvis
November 3rd, 2010 By: John Rath
Here’s a roundup of some of this week’s headlines from the data center and hosting industry:
TelecityGroup expands in the Docklands. TelecityGroup announced further capacity expansion in the UK. An additional 3 megawatts of capacity will be added to the Docklands facility in London, while TelecityGroup also announced a new 3.5 megawatt data center to be built in Manchester. Scheduled to open in the third quarter of 2011, the Manchester facility follows the recent acquisition of Internet Facilitators Limited.
Global Crossing acquires Genesis Networks. Global Crossing (GLBC) announced that it has acquired global video services provider Genesis Networks. Including a $15 million debt repayment Global Crossing paid approximately $27 million for Genesis. Genesis Networks was founded in 2001 and is considered an innovator in the broadcast video over IP and satellite solutions market. Technological innovations are driving the consumption of video through diverse media, such as online, mobile, and broadcast formats, making Genesis a strategic acquisition for Global Crossing,” said John Legere, CEO of Global Crossing. Gained in the acquisition is the proprietary IRIS customer interface and a Manhattan network operations center for global network monitoring and management. Global Crossing also announced third quarter 2010 results Monday. Revenue was reported at $648 million and free cash flow at a negative $1 million for the quarter.
Savvis expands access to trading platforms. Savvis (SVVS) announced that they have reached an agreement with global interdealer broker ICAP to provide Savvis’ clients who are also authorized traders of EBS and BrokerTec with ultra-low latency direct access to the EBS foreign exchange (FX) and BrokerTec fixed-income trading platforms via ICAP’s premium i-Cross colocation service. “Providing access to the EBS and BrokerTec trading platforms further enhances the connectivity options for the ecosystem of financial services participants in Savvis’ data centers,” said Varghese Thomas, global head of financial services for Savvis.