Next Generation Data (NGD) has agreed terms to supply 750kW of power over ten years to a major US-based international bank which took possession of a custom data hall on the NGD campus last month.
The bank’s relocation to NGD is in line with the bank’s best practice code for ensuring distances of at least 100km between data centre locations.
NGD’s 3+ data centre facility will provide the power, scale and low latency connectivity the bank requires for securely storing and rapidly processing data on behalf of thousands of its UK customers. NGD’s connectivity to site from strong financial markets specialist providers such as Zayo, Level 3 and BT was an important factor in the decision making process.
Commented Nick Razey, CEO of Next Generation Data: “We are seeing more and more financial institutions shifting towards edge data centre facilities due to the risks posed by saturated, under threat metro zones. At the same time many can no longer afford the luxury of legacy facilities sitting on their balance sheets which in the UK is forcing them to choose less expensive alternatives to London, especially with the impending rise in business rates.”
