Verne Global Acquired by Digital 9 Infrastructure plc
Verne Global,provider of sustainable data center solutions for high intensity computing (registered as Verne Holdings Limited), today announced that it has been acquired by Digital 9 Infrastructure plc (D9), the newly established investment trust that invests in a range of digital infrastructure assets which deliver a reliable, functioning internet, in a deal valued at approximately £231 million in cash.
UK-based D9 is focused on providing resilient digital infrastructures that are integrated with green and cleaner power in line with UN Sustainable Development Goal 9, to "build resilient infrastructure, promote inclusive and sustainable industrialization and foster innovation." The acquisition of Verne Global, which operates a 100 percent renewable powered data center campus based in Iceland, reaffirms this strategy and, together with D9’s recent subsea investment in Aqua Comms, accelerates the investment trust’s ambition to decarbonise digital infrastructure by increasing access to data centers in areas where there are abundant supplies of clean energy.
Verne Global’s 40 acre data center campus has been designed from the ground up to provide highly specialist data center services for organisations running high intensity compute workloads, including AI, machine learning, high performance computing (HPC) and supercomputing. Iceland’s stable energy grid ensures Verne Global can provide these customers with long-term price visibility, while the local climate supports free cooling 365 days a year. Its services are backed by a highly expert team of data center engineers, which offers round-the-clock support from Verne Global’s Keflavik campus.
Dominic Ward, CEO of Verne Global, said:
“We are absolutely delighted to become part of the Digital 9 Infrastructure platform. Its mission to support and develop highly-resilient digital infrastructures that fuel innovation, but are also sustainable and inclusive, resonates tremendously with Verne Global’s own business objectives. What Verne Global has achieved over the last decade is a fantastic accomplishment and is a great acknowledgement of the exceptional team that we have. We are hugely grateful for the support that we have had from our prior shareholders – Wellcome Trust, Stefnir, Novator Partners, and General Catalyst Partners – to this point. As we look forward, we are now hugely excited to be working with D9 and believe that we have the perfect partner to help power our future.”
Commenting on the Verne Global transaction, Thor Johnsen, Head of Digital Infrastructure at Triple Point, D9’s Investment Manager, said:
“Data centers form a key part of the digital infrastructure backbone. Verne Global’s existing Icelandic based data center assets represent some of the cleanest, lowest carbon footprint data centres, globally. This is another key step to support decarbonising the data center industry. For society to meet key decarbonisation goals, we need to look for ways to shift energy consumptive activities to areas of surplus renewable energy. The digital infrastructure industry has an increasing energy footprint, particularly data centres, which need to become more energy efficient and green. However, as an industry we should not expect to just rely on carbon offsets in markets which are already struggling to meet carbon targets, but we need to attract data centre demand to areas where there are robust sources of renewable power.
We are thrilled to add the Verne Global platform to the growing D9 portfolio. Together with the D9 subsea investment in Aqua Comms, we are pursuing further fibre network opportunities to improve connectivity into the Nordics, enabling data center users reliable and low cost access to the vast renewable and low cost energy resources of Iceland and the Nordics.”
Birgir Már Ragnarsson, Managing Partner at Novator Partners LLP, one of the original investors in Verne Global, said:
“When we founded Verne Global in 2007 with our friends at General Catalyst, we had the ambitious goal of building the first green data center in the world that would serve the global enterprise market. We saw Iceland as the best place for high intensity compute, using 100 percent renewable energy, free cooling, long term energy contracts and a tech savvy, highly educated workforce.
“Now close to 15 years later, we are super proud to say that we achieved our goal thanks to the brilliant team at Verne Global and our co-investors from the Welcome Trust and Stefnir. Verne Global is already a clear winner as a green sustainable data center serving global customers, and now has the opportunity to grow even further under new ownership. We congratulate D9 with their acquisition and look forward to following Verne Global’s future.”
About Digital 9 Infrastructure plc:
Digital 9 Infrastructure plc is a newly established, externally managed investment trust which invests in a range of digital infrastructure assets which deliver a reliable, functioning internet.
"Digital infrastructure" refers to the critical infrastructure required for the internet to operate and, essentially, refers to everything from fibre networks that connect continents, businesses and homes (the very "backbone" of the internet), to the data centres that organisations use to house their critical networks of computer and storage resources, and to the towers and small cells that carry data traffic wirelessly to the end user.
The Company is focused on the provision of Digital Infrastructure integrated with green and cleaner power in line with UN Sustainable Development Goal 9: "Build resilient infrastructure, promote inclusive and sustainable industrialization and foster innovation".
The Company's portfolio will comprise future proofed, non-legacy, scalable platforms and technologies including (but not limited to) subsea fibre, data centres, terrestrial fibre, tower infrastructure and small cell networks (including 5G).
The Investment Manager is Triple Point Investment Management LLP ("Triple Point") which is authorised and regulated by the Financial Conduct Authority, with extensive experience in asset and project finance, portfolio management and structured investments. The Investment Manager's digital infrastructure team has a proven track record of over US$2 billion of infrastructure investments and, in addition, benefits from a panel of digital infrastructure industry experts with deep knowledge, relationships and involvement in a combined US$250 billion of digital infrastructure transactions.
The Company's Ordinary Shares were admitted to trading on the Specialist Fund Segment of the Main Market of the London Stock Exchange on 31 March 2021.
For more information, please visit www.d9infrastructure.com.
About Verne Global
Verne Global delivers data center solutions for high intensity computing, engineered for optimal high performance compute and built upon 100% renewable energy. Our clean grid and stable climate cuts costs and energy usage, and our expert team provides on-site, around-the-clock support to maximise performance and flexibility for customer workloads.
Founded in 2012, our Icelandic data center campus powers some of the world’s most innovative and demanding industries, including financial services, earth sciences, life sciences, engineering, scientific research and AI.
To view this piece of content from cts.businesswire.com, please give your consent at the top of this page.
Hannah Arnold/Michelle Edge
Eleven Hundred Agency
email@example.com / +44 (0)7688 5202
About Business Wire
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
Square Launches Integrated, Omnichannel Solutions For Businesses in France21.9.2021 09:00:00 CEST | Press release
Today Square, the globally trusted software, payments, and hardware solution for businesses of all sizes, launches in France. Following a successful Early Access Programme, now small businesses and large enterprises across France can access Square’s innovative ecosystem with the tools they need to start, run, grow, and adapt their businesses. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210921005137/en/ Square Launches Integrated, Omnichannel Solutions For Businesses in France (Photo: Business Wire) “I’ve been using Square’s products both on-site and online over the past few months and it has revolutionised how I run my business,” said Anne-Laure Fonrose, Founder of Tatie Nanna. “Having an integrated, omnichannel payment solution means our customers can pay in any way that suits them. It’s all been easy to set-up and run, the product looks great on site, and the connectivity is super-fast which helps avoid long queues. I’m
RedIRIS taps ADVA and SIA to upgrade national research network21.9.2021 09:00:00 CEST | Press release
ADVA (FSE: ADV) and SIA, Indra’s cybersecurity company, today announced that RedIRIS is deploying ADVA’s technology to create a robust, high-capacity research and education network (NREN). The new long-haul backbone infrastructure connects universities and research facilities across Spain, enabling educators and scientists to share huge data sets and harness bandwidth-intensive applications. Built on the ADVA FSP 3000 and monitored by the ADVA ALM fiber assurance solution, the network carries services at speeds up to 200Gbit/s. Featuring ADVA’s ROADM technology and QuadFlex™ line cards, the open solution has given RedIRIS an easy way to migrate from legacy technology to flexible, high-performance connectivity. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210921005058/en/ ADVA is helping RedIRIS create a long-haul research and education network that stretches throughout Spain (Photo: Business Wire) “Our new transport system
Turquoise Plato Connects to OpenFin to Simplify Complexity on the Buy-Side Trader Desktop21.9.2021 09:00:00 CEST | Press release
OpenFin, the operating system (OS) for enterprise productivity, today announced that LSEG’s (London Stock Exchange Group) Turquoise Plato is connecting to OpenFin in response to the industry need for workflow efficiencies, application interoperability, and a more unified desktop experience for the buy-side and member firm users. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210921005467/en/ Turquoise has a proven track record in delivering innovation and liquidity opportunities to the market, with Turquoise Plato Block Discovery™ having seen record levels of block trading activity on Turquoise® and Turquoise Europe™ in 2020. With this collaboration, Turquoise is continuing to deliver on its mission to identify efficient, collaborative operating models that reduce the implicit cost of trading, contribute to long-term investment returns and drive sustainable growth. Turquoise on OpenFin™ delivers an insightful data feed direc
Total Telecom: LG U+ Leads South Korea 5G Mobile Network Performance21.9.2021 08:30:00 CEST | Press release
Total Telecom features a new Umlaut 2021 audit report, which found that LG U+ outperforms KT and SKT Telecom (SKT) in Seoul, and achieved the highest Umlaut score despite owning significantly less amount of spectrum when compared with its rivals. It is the first time that Umlaut analysed mobile networks in South Korea regarding 5G mobile network performance. Umlaut scored networks under test basis data and voice quality. In Seoul, LG U+ took the leading place with a total score of 979 out of 1000, followed by KT and SKT, which have achieved total scores of 971 and 952 respectively. Like what the report has stated, LG U+ is equipped with the spectrum at 50MHz LTE, which is in lower frequency when compared to 55MHz for KT and 75MHz for SKT. Same situation also applies to the 5G New Radio (NR) spectrum, in which LG U+ is with 80 MHz, but both KT and SKT are with 100MHz. Despite equipping the spectrum with a lower frequency, LG U+ has the best performance in 5G user experience and 5G avail
Spotify Uses ReadSpeaker to Power Custom Voices for Car Thing Smart Player21.9.2021 08:00:00 CEST | Press release
ReadSpeaker, the most trusted, independent digital voice partner for global businesses, today announced that Spotify uses ReadSpeaker’s text-to-speech (TTS) technology to deliver custom voices for Spotify’s newest exploration in the US - a limited release of Car Thing, a smart player for your car. ReadSpeaker’s technology currently powers the custom voice available in Car Thing. Similar to the way the business world evolved from relying on websites to mobile apps as smartphones became popular, as the world moves beyond touchscreens and into a touchless future, consumers will become increasingly reliant on voice commands. ReadSpeaker believes that all brands have their own independent voice assistant, and custom voices will be critical in enabling brands to stand apart from competitors. Spotify uses ReadSpeaker’s technology and the ReadSpeaker VoiceLab because of the company’s deep expertise in custom branded voices powered by deep neural networks. Further, ReadSpeaker’s embedded and cl
Chase Arrives in the U.K. to Offer Consumers a Simple, Rewarding Banking Experience21.9.2021 07:00:00 CEST | Press release
JPMorgan Chase today launched its new digital bank in the U.K. under the Chase brand. Chase is the largest consumer bank in the United States and provides a broad range of financial services to more than 60 million American households. New customers can sign up at chase.co.uk, after which they will be invited to download the Chase app. Customers can open a current account in minutes via the simple and intuitive app. The account offers a range of features to help people budget, manage money, spend and save. A U.K.-led customer support team will be a key part of the Chase banking experience. With just a few taps in the Chase app, customers will be connected to a specialist – 24 hours a day, 7 days a week. Sanoke Viswanathan, CEO of the bank, said: “We’re offering people in the U.K. the opportunity to experience Chase for the first time with a current account that’s based on simplicity, a fuss free rewards programme and exceptional customer service.” The Chase current account will launch
dLocal Launches Direct Issuing, White-Labeled Prepaid Cards, in Emerging Markets21.9.2021 07:00:00 CEST | Press release
dLocal (NASDAQ:DLO), a technology-first payments platform enabling global enterprise merchants to connect with billions of consumers in emerging markets, announces the launch of dLocal’s Direct Issuing, a service enabling merchants to issue their own branded prepaid cardsfor online and in-store shopping in local currencies. Chilean fintech, Vita Wallet, is among the first to embrace the latest dLocal product. “Our Vita Card product aims to give our clients the best possible customer experience. With our cards - issued in partnership with dLocal - people will be able to shop, pay their bills, cash out, or even make and receive international payments much faster and cheaper than they would through banks,” says Moisés Zambrano, CBO, and Founder of Vita Wallet. Vita Wallet can instantly credit funds in local currencies, re-issue prepaid cards when expired, or block them when lost or stolen. Users can access their funds straight away. “Direct Issuing is part of our One dLocal integration. T
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.Visit our pressroom