The facility is designed to develop Pacnet’s previously announced strategic initiatives to leverage network assets for enterprise and carrier customers throughout the region.
“As one of the world’s most dynamic economic and financial hubs, Singapore continues to have an appetite for data centre services, and supply has struggled to keep up,” said Jim Fagan, president of managed services at Pacnet.
“This new facility not only provides customers with data centre and connectivity services in Singapore, but gives them access to Pacnet’s broad portfolio of managed services, allowing them to interconnect their data requirements throughout Asia.”
The eight storey, 157,000 square foot data centre will be located in the Paya Lebar area and has an estimated completion date in Q4 of 2013.
“The facility reinforces our commitment to providing high quality, innovative data centre solutions to the Singapore market, addressing customers’ needs for margin improvement, while continuing to meet environmental requirements,” Fagan said.
Business consulting firm, Frost & Sullivan, estimates the data centre services market in Singapore to grow from $223 million in 2010 to $550.3 million in 2017.
Pacnet operates over 300,000 square feet of existing data centre space across 16 cities in the region, and the expansion follows the company’s addition of two CDN PoPs in China in January this year.
