12 March 2013
Pacnet has invested $90 million to build a Tier 3 data centre in Singapore.
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
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
the company’s addition of two CDN PoPs in
China in January this year.