Data centre providing power for major US bank to operate

ONE of Europe’s largest data centre operators has completed another new build for a major US bank.

Next Generation Data (NGD) announced yesterday that it has agreed terms to supply 750kW of power over 10 years to a major USbased international bank which took possession of a custom data hall on the NGD campus in Newport last month.

The bank’s relocation to NGD is in line with its best practice code for ensuring distances of at least 100km between data centre locations.

NGD’s 3+ data centre facility will provide the power, scale and low latency connectivity the bank requires for securely storing and rapidly processing data on behalf of thousands of its UK customers.

NGD’s connectivity to site from strong financial markets specialist providers such as Zayo, Level 3 and BT was an important factor in the bank’s decision to locate there.

Nick Razey, CEO of Next Generation Data, said the client win was another vindication of the company’s strategy of building a data centre away from the major metropolitan centres of south east England.

He said: “We are seeing more and more financial institutions shifting towards edge data centre facilities due to the risks posed by saturated, under threat metro zones.

“At the same time many can no longer afford the luxury of legacy facilities sitting on their balance sheets which in the UK is forcing them to choose less expensive alternatives to London, especially with the impending rise in business rates.”