Teraco Data Environments
Internet infrastructure company From Wikipedia, the free encyclopedia
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]
 | |
| Company type | Private |
|---|---|
| Industry | Internet Infrastructure |
| Founded | 2008 |
| Founders |
|
| Headquarters | Isando, , |
Number of locations | 7 data centre locations across South Africa |
Area served | Sub-Saharan Africa |
| Parent |
|
| Website | https://www.teraco.co.za |
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
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