Macquarie Telecom have announced that their Sydney data center campus will be undergoing a major expansion with an investment of USD 80 million. This expansion, Macquarie say, is a result of rising demand for cloud and data center services from enterprises that have commenced business activities in the evolving Australian market.
According to Macquarie Telecom, Sydney is a key data center hub for cloud-native businesses of all sizes. They say that the city has all the ingredients in the form of network connectivity, infrastructure, financial power and space that are essential for data centers to thrive as a business.
Macquarie Telecom say that the launch of their cloud service dedicated for healthcare customers and the deal with Singapore-based conglomerate Keppel Corp. made them reiterate their data center expansion strategy. After experiencing a demand for cloud and data center services, Macquarie decided to expand their hub at Sydney to cater to the needs of their new clients.
Speaking about the expansion, David Tudehope, CEO at Macquarie Telecom, commented:
We are well positioned to continue to benefit from the megatrends of cloud and cybersecurity. Sustained growth in profitability over the last seven halves has allowed Macquarie to consider opportunities to invest for future growth.