Under the partnership ST Telemedia, through its wholly owned subsidiary STT GDC, will make a significant investment into Virtus committing to a 49 per cent stake via a joint venture with Virtus’ existing owner, Brockton Capital. The new investment from ST Telemedia will be used to fund Virtus’ continued growth and footprint expansion in the UK.
Alongside Brockton Capital’s continued support and UK focused real estate expertise, the new partnership will allow Virtus to leverage ST Telemedia’s extensive data centre experience and expertise to strengthen its market position, accelerate growth and continue its mission to lead the industry.
Neil Cresswell, CEO, Virtus Data Centres, said, ‘Virtus has experienced rapid growth in the last five years with increasing customer demand for our innovative and high quality services. The addition of ST Telemedia to our existing relationship with Brockton Capital will support our growth plans to expand our data centre footprint and services in key markets.’