Russia’s technology providers are preparing to do commercial battle with the established North American giants as the quest for Russia’s financial markets to be further aligned with those of Europe and North America gains ground.
Last year, Moscow-based carrier-neutral datacenter IXcellerate laid out its plans for ensuring the security of its investment in improving connectivity in order to contribute to Russia’s aim for reduced latency as ruble liquidity is in high demand and Moscow Exchange has upped its game.
Last week, IXcellerate announced its Phase II expansion plan for the Moscow One Datacenter.
The announcement of Phase II came after IXcellerate’s major investor Sumitomo Corporation, one of the largest Japanese corporations and global players, made the decision to proceed with further investment in an already demonstrated and proven work model and support the future expansion of the Moscow One Datacenter.
Phase II of 1500sqm including raised floor and project office space will offer IXcellerate’s clients up to 500 additional number of racks. The construction of the Phase II by Mercury Engineering with design by the world-renowned engineering firm launched in May 2014 and expected to be finished in Q3 2014.
Moscow has benefitted tremendously from far greater connectivity to other markets during the last two years, spearheaded by the installation of point-to-point dedicated connections by Canadian venue-neutral technology company TMX Atrium, bringing trading in Russian markets in line with Frankfurt, London, Chicago and New York.
The gradual expansion plan of the IXcellerate data center will allow its clients to plan their own long-term development and produce perfectly tailored to their needs solutions together with IXcellerate.
“It is always encouraging to see the demand for our IXcellerate Moscow One Datacenter. The expansion and the launch of our Phase II are only possible due to our current and future clients who trust in the service we deliver and we hope to offer them more space to support their on-growing business by the end of this year” commentedGuy Willner, CEO of IXcellerate.
“From our first investment we already knew that we were working with one of the market leaders and have fully supported IXcellerate’s business model, however even we were pleasantly surprised by such a fast growing demand for Moscow One’s services. Sumitomo Corporation will continue to support its close partner in the data centre industry and eagerly awaits the promising results of the Phase II completion”Katsuya Kashiki, Director of ICT Business Division of Sumitomo Corporation.