Stellium Datacenters, a co-location data centre operator based in Newcastle, UK, has recently had a cash injection of £30 million as part of an investment round to fund the company’s growth.
Mid-market private equity fund, Tiger Infrastructure Partners, stumped up the cash after Stellium inked a deal with Dublin’s Aqua Comms, an operator of fibre optic cable networks. The deal sees Stellium act as a hub for data transmitted between the US, UK and Europe on Aqua Comms’ North Atlantic Loop, which is the company’s newest transatlantic network.
Noel Meaney, Stellium Datacenters CEO, noted, “With this investment, we believe we are well-positioned to serve hyperscale and wholesale companies looking to harness the speed and resiliency of the newest subsea network linking the United States, United Kingdom and Europe, as well as local customers who require data centre services within the United Kingdom.”
Stellium has a total of three data centres in the Newcastle area, all of which comply with Tier III+ requirements for data centre design. The company’s original data centre, Stellium 1, is by far its largest at 4,250 sqm, and is divided into four 2MW IT data halls. Stellium 2 and Stellium 3 measure 3,600 sqm and 2,400 sqm, respectively.
The investment from Tiger Infrastructure Partners should Stellium grow its data centres further, with the company hoping to attract major clients in the public sector, as well as increasing its reach in the corporate space.
Tiger Infrastructure Partners, MD, Alessandro Boninsegna, noted: “Stellium’s management has a proven track record in building critical infrastructure for the digital economy, comprised of large purpose-built data centres, redundant power supply and connectivity through future-proof terrestrial fibre and subsea cable networks.
“Stellium has an existing asset base with all these elements and access to the newest fibre networks in the North East of England which makes it an exciting new data hub away from the London area.
“We and our partners at Eram Capital look forward to providing the business with our experience and resources for investment in further growth.”