Yondr Group, a global data centre major based in US, and Singapore-based Everstone Group have entered into a strategic joint venture to invest over $1 billion to develop and operate data centers across India, according to ET Bureau report.
The investment will be used to fund the development and operation of multi-locational hyperscale data center business across important geographies in India, including the metros of Mumbai Metropolitan Region, Hyderabad, Bangalore, Chennai and Delhi-National Capital Region.
Starting with the Mumbai Metropolitan Region, the venture will deliver a portfolio of facilities at hyperscale, significantly propelling India’s IT and power capacity to meet the growing demand from public cloud providers and end users at scale.
“EverYondr’s early acquisition of its first campus in the Mumbai Metropolitan Region reinforces our commitment to the region. Unlike other mature hyperscale markets, data centers in India require a proactive approach to development and a streamlined delivery process. As a business, our mission is to help clients meet their data center capacity and technical real estate needs, faster and with better performance outcomes than anyone else,” said Dave Newitt, CEO, Yondr Group.
“To meet the accelerated pace of cloud adoption, hyperscale companies are increasingly looking to credible partners to help realise their expansion needs. Yondr’s global experience combined with Everstone’s strong execution capabilities in India, will provide clients with a credible and consistent choice,” said Sameer Sain, Co-Founder & Chief Executive Officer of Everstone Group.
Recently, Yondr Group appointed Tricia Arneson as Chief Diversity Officer and Head of Business Operations. Yondr Group is a developer, owner operator and service provider of data center solutions.
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