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MSP budgets up by as much as 70% to meet growing IT demand

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Managed service providers (MSPs) are increasing their spending by as much as 70% to meet growing enterprise demands, according to a new report from ETB Technologies. While 80% of respondents have increased their budget spend overall, 67% have doubled (50%) their budget size with the remaining respondents (27%) saying they had increased their budget by as much as 60-70%.

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Portman Partners invests in future expansion

Family investment firm, Meyer Mundell Limited, has completed the successful acquisition of the global executive search firm, Portman Partners, and announced plans for the continued expansion of services to the datacenter and digital infrastructure industry.

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Octopus invests £200m into pioneering heat re-use technology

Investment in Deep Green will speed up roll-out of innovative technology into more public swimming pools and district heat networks.

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Subzero Engineering relocates HQ

With 155,000 square feet, this is one of the largest facilities in the industry, setting the stage for groundbreaking innovations

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Vertiv opens Indian manufacturing and test site

New facility will help deliver thermal infrastructure to meet data centre demand.

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Shared cloud infrastructure driving infrastructure spending

According to the International Data Corporation (IDC) Worldwide Quarterly Enterprise Infrastructure Tracker: Buyer and Cloud Deployment, spending on compute and storage infrastructure products for cloud deployments, including dedicated and shared IT environments, increased 2.9% year over year in the third quarter of 2023 (3Q23) to $25.4 billion.

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