ePLDT gobbles up data center unit of IP Converge

Share on facebook
Share on twitter
Share on linkedin
Share on email

The companies did not disclose the financial terms of the deal. IPCDSI owns and operates two Internet data centers in the country and provides enterprises with managed data services and cloud-based business solutions across a wide range of industries, including IT solutions providers, gaming companies, e-learning and healthcare. IPCSDI is the country’s only Salesforce.com Cloud Alliance Partner providing Salesforce CRM licenses and consulting services to businesses. In addition, the company is also the country’s premier Google Enterprise Partner, allowing local organizations to adopt Google?s cloud solutions. With the acquisition, PLDT is expanding its data center business, which until recently consisted of three Vitro data centers located in Pasig, Cebu, and Subic. ?Our investment in IPCDSI allows us to complete our multi-tiered data center product suite and expand our cloud solutions business,? Napoleon L. Nazareno, president of PLDT, said in a statement. ?With the combined capacity of our data centers reaching about 2,000 racks, we are strongly positioned to service the growing data center and business solutions requirements of both large- and medium-sized businesses going forward,? added Nazareno. Enrique Y. Gonzalez, CEO of IP Ventures, said in statement that the purchase agreement is a ?milestone? for the company. ?With the extensive synergies between PLDT and IPDCSI, IPDCSI will have greater business scalability which will drive growth across all of its business segments,” he said. In May of this year, IP Converge Data Center revealed in a disclosure that it has sold its interest in IPCDSI to its parent firm IP Ventures for a total consideration of P221 million. Thereafter, IP Ventures sold IP Converge Data Center to Januarius Resources Realty Corporation, Iholdings Inc., and Kwantlen Development Corporation (collectively referred to as the 8890 Group). ]]>

Facebook Comments

Latest Posts