Pico strengthens its APAC presence with opening in China

Datacentre firm receives its business license as a WFOE from Shanghai authorities to provide technology services in China Pico, a provider of technology services for the financial markets community, continues to extend the reach of its globally comprehensive technology solutions with the formation of a wholly foreign-owned enterprise (WFOE), British…

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PDG secured US$230M for datacentre build in China

Charts out US$1B expansion in China. Princeton Digital Group (PDG), Asia’s leading data center provider, today announced it has secured USD 230 million debt refinancing from China Merchants Bank, as part of its $1 Billion expansion plan in China. The refinancing validates PDG’s momentum, with confirmation of the completion of…

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Singapore enterprises embrace hybrid cloud

Many plans to ditch traditional datacentres for fully integrated hybrid cloud IT environments in the next five years. A recently released study has revealed that 69 per cent of Singapore enterprises expect to run an integrated hybrid cloud technology environment in the next five years, dropping traditional datacentres altogether. According to…

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Bank of New Zealand plans large technical migration

Part of its parent company’s five-year strategic partnership to develop a multi-cloud ecosystem underpinned by Azure. Bank of New Zealand has signed up as the latest customer to Microsoft’s flagship New Zealand-based data centre. The agreement will see a large number of BNZ applications migrated to Microsoft’s Azure cloud, assisting…

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Data Centre services market to hit US$25B by 2027

Some of the major data centre services market participants are Huawei, IBM, Telefonica SA, Cisco, Fujitsu, HCL and Hewlett Packard Enterprise Company. Global Market Insights, Inc. has recently added a new report on the data centre services market which estimates the market valuation for data centre services will cross US$ 25 billion by 2027.…

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APeJ presents attractive market for tech

Investments made in enterprise software, IT services and communication services in 2020. Analyst firm IDC, has identitified several key technology companies that represent as “leaders” in the datacentre space. According to IDC MarketScape: Asia/Pacific (Excluding Japan) Datacenter Operations and Management 2020 Vendor Assessment, China Telecom Global, Equinix, Keppel Data Centres,…

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