Northgate Technologies Ltd., provider of voice-over-Internet and pioneer in digital infotainment, announced that it's wholly owned subsidiary, Axill Europe Ltd., has acquired Reuter's London-based high-end data centre infrastructure covering an area of over 8,000 square feet for undisclosed amount.
The Hyderabad-based company said that the data centre is located at a close vicinity to the existing server farms in London and serves as the global centre for all Internet based services including online financial services due to the availability of world class Internet infrastructure.
The data centre infrastructure consists of data connectivity, power backup, A.C, Chiller, etc. and is ideal to set up server farms with minimum lease of ten years with available power unlike most areas of central London.
Northgate Technologies said that the data centre would be used to set up server farms by upgrading network equipment, data centre equipment and facility including generators, UPS, air conditioning and security systems to turn the site into a state of the art date centre.
Besides, the data centre can also be used to further enhance the company's capabilities to offer high end interest based services and application, that include tera bytes of data transfer, pita bytes of storage, Terra flops of processing power, financial apps and services like forex trading platform, risk management platform, Monte Carlo simulations, massive DMA algorithm trades and program trading.
Northgate presently has two world-class server farm based in London and Hongkong powering world's top websites like www.ziddu.com, www.bharatstudent.com, www.globe7.com and www.egglad.com. Northgate also host and manage content delivery network solutions for large websites like www.sina.com.hk, www.nsttimes.com, www.bangkokpost.com and many more large Asia Pacific websites.
Currently, London is experiencing a huge dearth of space and power to meet the demands of data centre. Added to this, there is no immediate scope for new data centres to come up in central London, owing to diversion of power to Olympic site and London Cross Rail. Therefore, the acquisition will help Northgate in a long way to bridge a gap for additional data centre requirements, as Axill Europe has a waiting list for clients requiring additional space and power.
The company posted consolidated net profit of Rs.73 crores on total revenue of Rs.551 crores for the fiscal year ended March 31, 2008.
At the BSE, Northgate Technologies shares are currently trading at Rs.287.25, up by Re.0.10 or 0.03% from the previous close.
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