Next Generation Data Reports Strong Growth in 2015 , NGD

Next Generation Data Reports Strong Growth in 2015

By Nick Razey 07 | April | 2016

Outlook for 2016 already proving positive

London – 7 April 2016: Privately held wholesale and retail colocation data centre provider Next Generation Data (NGD) today announced strong results for 2015, with revenues and EBITDA up 22% and 35% to £11.2m and £4.8m respectively on the previous year.

Demand from major enterprise and service provider organisations for secure data centre colocation facilities at NGD remains robust in 2016 with customers putting NGD’s space, power and high speed connectivity to a wide range of uses. These include data hosting and backup, high performance computing (HPC), Big Data management and supporting cloud and increasingly, hybrid cloud, environments.

Co-founder and CEO Nick Razey commented, “2015 was a record year for sales, from both existing and new customers.  In particular, NGD signed a new long term contract with a large US software company which is now starting to generate significant revenues. Our outlook for 2016 is for continued solid organic growth and rising profitability thanks to demand and the excellent economies of scale our large campus achieves with every new data hall build increasing our operating margin.”

Added Nick Razey: “NGD is well established as the No.1 alternative to London/M25 area data centres and our competitive advantage will only improve as connectivity costs continue to fall and real estate continues to rise.”

NGD’s flagship 750,000 square feet data centre facility located in the Cardiff Capital Region is the largest data centre campus in Europe. It includes its own private connection to the National SuperGrid with capacity for up to 180MW of power generated from 100% renewable sources.