NGD signs US Bank on ten year contract , NGD

NGD signs US Bank on ten year contract

By NGD 14 | March | 2017

Data centre operator completes new build for another major US Bank     

Cardiff Capital Region - 14 March 2017: Next Generation Data (NGD) today announced it has agreed terms to supply 750kW of power over ten years to a major US-based international bank which took possession of a custom data hall on the NGD campus last month.

The bank’s relocation to NGD is in line with the bank’s 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 decision making process.

Commented Nick Razey, CEO of Next Generation Data: “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.”

 

 

About NGD

Located in the Cardiff Capital Region, NGD is a purpose-built carrier-neutral Tier 3 facility offering 750,000 sq feet (gross internal area) of highly secure and cost-effective space housing up to 22,000 racks. These can be arranged into self-contained and colocation data halls of various sizes all with independent services, resilient power and cooling systems. NGD Europe’s environmentally-friendly high level technology infrastructure has been designed to meet and exceed the ever increasing demand for more computing power. Among its many features are a high capacity 180 MVA power supply direct from the super grid and sourced from 100 per cent renewable energy; and a variety of on-site high-speed, low latency carrier interconnects.