Brazil’s Ascenty secures $190m to become one of LATAM’s giant data centre operators
Company also unveils a 75% year-on-year growth and opens its fifth facility in São Paulo with several more to come online in the near future.
Brazilian data centre services provider Ascenty has secured $190m to help finance five facilities under construction and further expansion.
The syndicated funding was led by four financial institutions, including ING and Itaú BBA. The company has not disclosed the name of the other two organisations.
In addition to its expansion in the Latin America region, the money, set to be used over a period of five years, will be used to refinance existing debt.
The five new data centres currently being built across region will expand the operator’s footprint by 85%. All facilities expected to open before the end of 2017.
Chris Torto, CEO of Ascenty, said: “We decided to increase our debt financing to allow us to accelerate the company’s expansion into new markets.
“In 2017, we will launch five new data centres, which will be used to help reduce the shortage of high quality technology services across a range of market verticals in Brazil.
“In a time when the country’s economy is being challenged, this new debt financing provides proof of last year’s great results as well as renewed commitment from our banking partners for Ascenty’s healthy expansion.”
Ascenty has also revealed that its business grew 75% in 2016 when compared to 2015.
Torto said: “This growth happened because Ascenty has world class data centre infrastructure and that is the reason why we are the ones to which the main global technology companies in the country go to.”
Following from the growth and financing results, Ascenty has also announced that it has initiated operations at its first data centre in São Paulo and fifth hub in Brazil.
The São Paulo 1 facility had a building cost of $32m and counts with 4,000 sqm of hosting space and 10 MVA of power.
In addition to São Paulo 1, the company operates data centres in Campinas, Jundiaí, Hortolândia and Fortaleza.
However, despite just cutting the ribbon, Ascenty is also building a second data centre, São Paulo 2, which is expected to open in April 2017.
In February, Ascenty announced it will be opening its eight colocation facility in Rio de Janeiro in an investment that is set to reach $48.2m.
Roberto Rio Branco, marketing, institutional and commercial director at Ascenty, said: “Within our expansion plans, the Rio de Janeiro market is extremely important.”