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Teraco Data Environments

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Teraco Data Environments
Company typePrivate
IndustryInternet Infrastructure
Founded2008; 17 years ago (2008)
Founders
  • Tim Parsonson
  • Lex van Wyk
HeadquartersIsando,
Johannesburg
,
South Africa
Number of locations
7 data centre locations across South Africa
Area served
Sub-Saharan Africa
Parent
Websitehttps://www.teraco.co.za

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]

Overview

As 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 centres

Teraco 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 NAPAfrica

Xneelo, 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 funding

After 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

  1. ^ "Digital Realty completes acquisition of Teraco". Creamer Media's Engineering News. Retrieved 2022-12-29.
  2. ^ "Digital Realty Completes Acquisition of Teraco". PR Newswire. Retrieved 2022-12-29.
  3. ^ "Teraco raises $90 million for South African data center expansion". DatacenterDynamics. Retrieved 2017-12-26.
  4. ^ "Open Access brings in 5 years of expanding Africa's Internet ecosystem". Retrieved 2017-12-26.
  5. ^ "Teraco sets date for launch of Africa's biggest commercial data center". DatacenterDynamics. Retrieved 2017-12-26.
  6. ^ "We saw what South Africa's internet will look like in 5 years – and it's incredible". Retrieved 2017-12-26.
  7. ^ "Africa's largest data centre to be built in Johannesburg - CNBC Africa". CNBC Africa. 2016-03-04. Retrieved 2017-12-26.
  8. ^ Roanne. "NAPAfrica celebrates five years as Africa's largest IXP". ITWeb Technology News. Retrieved 2017-12-26.
  9. ^ Rawlins, Lauren Kate. "Netflix arrives in SA via Teraco's NAPAfrica". ITWeb Technology News. Retrieved 2017-12-26.
  10. ^ "[IN PICTURES] Inside Africa's biggest internet exchange - htxt.africa". htxt.africa. 2014-07-29. Retrieved 2017-12-26.
  11. ^ "NAPAfrica is doing over 100Gbps of traffic". Retrieved 2017-12-26.
  12. ^ Staff Writer. "Teraco secures R1.2 bn from Absa for further investment - ITWeb Africa". www.itwebafrica.com. Retrieved 2017-12-26.
  13. ^ Thakudi, Phahamang. "Hetzner peers with NAP Africa for mutual benefit". ITWeb Technology News. Retrieved 2017-12-26.
  14. ^ "Hetzner breaks 1 petabyte monthly outbound traffic". Retrieved 2017-12-26.
  15. ^ "Hetzner joins peering at NAPAfrica - TechCentral". TechCentral. 2017-04-13. Retrieved 2017-12-26.
  16. ^ "Telkom's Openserve to peer at NAPAfrica - TechCentral". TechCentral. 2016-05-04. Retrieved 2017-12-26.
  17. ^ "Teraco partners with Microsoft for Azure ExpressRoute". Retrieved 2017-12-26.
  18. ^ "Angola Cables to peer at NAPAfrica – Africa's most connected Internet Exchange". BiztechAfrica. Retrieved 2017-12-26.
  19. ^ "Building Africa's biggest data centre". BiztechAfrica. Retrieved 2017-12-26.
  20. ^ "Teraco Data Environments get R158 million". Retrieved 2017-12-26.
  21. ^ "Teraco, Absa in R200m funding deal - TechCentral". TechCentral. 2013-05-13. Retrieved 2017-12-26.
  22. ^ "Permira makes first African investment in data centre firm Teraco". Reuters. 2014-12-04. Retrieved 2017-12-26.
  23. ^ "Teraco plans second Johannesburg datacentre, gets R400bn to do it - htxt.africa". htxt.africa. 2015-01-27. Retrieved 2017-12-26.
  24. ^ Henry, Caleb (2016-03-15). "Liquid Telecom Establishes Second Satellite Hub at Teraco Data Center in South Africa - Via Satellite -". Via Satellite. Retrieved 2017-12-26.
  25. ^ "Permira makes first African investment in data centre firm Teraco". Reuters. 2014-12-04. Retrieved 2017-12-26.
  26. ^ "Teraco Data raises $90m for African data centre rollout". www.capacitymedia.com. Retrieved 2017-12-26.
  27. ^ "Digital Realty acquires 55% stake in Teraco Data Centres". TECH dot AFRICA. 2022-01-04. Retrieved 2022-01-04.
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