Pacnet will be pumping in US$90 million to build a new data center in Singapore, as it looks to meet the Asia-Pacific region's accelerating demand for connected, advenaced data center and managed services.
In a statement released Tuesday, the communications provider said the new Tier III standalone data center will take up 157,000 square feet, and is expected to be completed in the fourth quarter of 2013. It builds on the company's previously-stated strategic initiatives to focus on managed services deployed in data centers.
The new building is designed to support high-power density needs, and will be capable of supporting 1,500 high-power density racks with an initial IT load of six megawatts. It will also be carrier neutral, and will be directly connected to Pacnet's submarine cable networks with fully redundant power and cooling systems, advanced fire detection and suppression system, and security access systems.
Jim Fagan, president of managed services at Pacnet, said: "As one of the world's most dynamic economic and financial hubs, Singapore continues to have appetite for datacenter services, and supply has struggled to keep up.
"This new facility not only provides customers with data center and connectivity services in Singapore, but gives them access to Pacnet's broad portfolio of managed services, allowing them to interconnect their data requirements throughout Asia."
The statement also cited Frost & Sullivan's findings, which stated Singapore's datacenter services market is expected to grow from US$223 million in 2010 to US$550.3 million in 2017, at a compound annual growth rate of 13.8 percent.