Dataspace Partners Receives $150M Loan to Build Moscow Data Centers

by admin on October 25, 2010

Data Center constrution company DataSpace Partners (http://dataspace.ru/) announced earlier this month that will use a loan of U.S. $ 150 million to build or convert the industrial estates in Moscow in data centers.

The board of the Overseas Private Investment Corporation (www.opic.gov) has approved $ 150 million in funding to build new data centers.

The data center project will create 60 new local jobs. Most of these future employees will receive formal training and the acquisition of major local companies.

The new data centers will help modernize the aging infrastructure of the Russian IT and encourage the sale of products and services from U.S. technology companies Russia to end users.

As a result, the project will support innovation in the Russian economy and stimulate U.S. exports.

The IT market in Moscow is currently underserved and has no license, reliable third party data centers, but relies on lower-quality facilities by operators focused on telecommunications and IT services.

This project is one of the first in Moscow to offer professional data centers “offering world-class reliability and efficiency,” says DataSpace partners.

The company expects the new data center will benefit financial institutions, insurance companies, large to small companies, wholesalers, space and IT service providers.

DSP is owned by two private equity investment, Russia Partners II and Russia Partners III, which in turn are managed by U.S. companies, Russia Partners Management and Siguler Guff & Company.

OPIC has provided a guarantee of $ 70 million to Russia Partners II.

“This project will result in a significant improvement in the information infrastructure of Moscow, which in turn generate other valuable economic and developmental benefits,” said OPIC President and CEO Elizabeth Littlefield. “We at OPIC are pleased to work again with partners in Russia and Siguler Guff an innovative project with an impact.”

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