Teraco Data Environments
Teraco Data Environments is a carrier-, cloud- and vendor-neutral data centre provider founded by Tim Parsonson and Lex van Wyk in 2008. On 1 August 2022, Digital Realty announced that it had completed the purchase of a majority stake in Teraco, previously controlled by Berkshire Partners, Permira and a group of investors.[1][2] OverviewAs the local telecommunications market began to deregulate, Teraco's founders recognised an opportunity for a truly vendor-neutral data centre offering in South Africa.[3][4] Teraco is majority-owned by Digital Realty (NYSE: DLR) and a consortium of private equity investors, including Berkshire Partners LLC and Permira. Data centresTeraco built Africa's largest data centre in Johannesburg, South Africa.[5][6][7] In 2012, the company created NAPAfrica, a fully funded non-profit neutral Internet eXchange Point (IXP).[8][9][10] Teraco has additional data centres in Durban and Cape Town.[11] Peering by NAPAfricaXneelo, South Africa's web hosting company, partnered with this company.[12][13][14][15] Telkom peered with NAPAfrica through its Openserve wholesale and network division in 2016.[16] Clients will be able to use the Microsoft service through this company.[17] The telecom operator, Angola Cables, peered with this company in 2017.[18] Accomplishments and fundingAfter completing an Environmental Impact Assessment, Teraco was granted permission to store 210,000 litres of diesel on site.[19] 2011: The company received R158 million in Series C financing.[20] 2013: A R200 million medium-term funding facility was provided from Absa's corporate and investment banking division.[21] 2014: Teraco is acquired by Permira in first African investment.[22] 2015: The company acquired R400 million in funding.[23] 2016: Liquid Telecom invested $3.5 million in a new satellite hub.[24] 2017: Barclays Africa Group funded R1.2 billion ($90 million) for Teraco Data Environments.[25][26] 2022: Digital Realty acquires 55% stake in Teraco Data Environments [27] References
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