VIRTUS Data Centres secures funding from Deutsche Bank to drive business growth

VIRTUS Data Centres Ltd. (VIRTUS), London's flexible and efficient data centre specialist, today announced that it has secured £50 million in funding from Deutsche Bank. The funds will be used to drive expansion of VIRTUS Data Centres’ business, alongside continued support from Brockton Capital.

VIRTUS Data Centres provide a full range of services from the colocation of racks in dedicated cages, suites or data halls to fully bespoke, client dedicated data centres. There is strong demand for the next generation of highly efficient and flexible data centres, which form the core of VIRTUS’ build philosophy. These additional funds will enable VIRTUS to accelerate its plans to increase its footprint in the UK as well as satisfy the increase in demand for VIRTUS designed intelligent data centres.


Daryl Seaton, CFO, VIRTUS Data Centres says: “The additional funding will provide VIRTUS with a significant platform for accelerated business growth. The debt markets remain challenging, particularly for capital intensive businesses, but this arrangement demonstrates that funding is available for the right companies. This funding represents a significant endorsement of VIRTUS Data Centres, and combined with the continued support from Brockton Capital, we look forward to expanding our facilities and product portfolio further.”
 

First of its kind research, in partnership with Canalys, offers deep insights into some of the...
According to a recently published report from Dell’Oro Group, worldwide data center capex is...
Managed service providers (MSPs) are increasing their spending by as much as 70% to meet growing...
Coromatic, part of the E.ON group and the leading provider of robust critical infrastructure...
Datto’s Global State of the MSP: Trends and Forecasts for 2024 underscores the importance of...
Park Place Technologies has appointed Ian Anderson as Senior Director, Channel Sales, EMEA.
Node4 has passed the ISO 27017 and ISO 27018 audits, reinforcing its dedication to data security,...
Park Place Technologies has acquired Xuper Limited, an IT solutions provider based in Derby, UK.