Investing

Using a financing method called "securitization," US-based data center operators have been able to raise more money to finance growth than their European counterparts, who primarily rely on traditional bank financing.

The colocation giant said the deal would add 500 net new customers, $105 million in annualized revenue.

The company attributed the drop to customers spending more on “remote work and business continuity solutions” rather than server farms.

The company declined to say if its expense reductions include job cuts.

Private equity firm floats the startup $100 million, enough to complete California computing vessel and more.

Forecast helped by surge in spending on internet infrastructure and purchases of computer gaming gear

Server sales dropped 20 percent, and storage hardware declined 18 percent in fiscal Q2.

“Anyone who’s going to be in trouble three to six months from now is already pausing.”

While the pandemic has presented some challenges, the company’s executives said the company was well positioned for the year.