SLATTERY BREAKING NEW GROUND

Written on the 11 March 2011

SLATTERY BREAKING NEW GROUND

NEXTDC listed on the ASX in December and is the first listing of its kind in Australia.

The data centre provider business has strong heritage. Managing director Bevan Slattery (pictured) is the PIPE Networks founder who sold his business for $373 million to telco giant SP Telemedia in 2009 – the same year he won the coveted Brisbane Business News Young Entrepreneur of the Year.

Slattery says his new venture is committed to establishing itself as a key market participant in the Australian and New Zealand data centre services market.

“We plan on achieving this by designing, developing and operating a network of secure, efficient and stable enterprise class data centres,” says Slattery.

Last month, the company entered into an agreement with FDC Construction and Fitout for the construction and initial fit-out of its Melbourne data centre facility.

“FDC is an Australian construction company that has extensive experience in the construction and fitting out of data centres for a diverse range of customers including financial institutions and media companies,” says Slattery.

“We’re currently pursuing sales for our Brisbane facility and expect it to go live towards the end of May this year. Towards the end of this month, we also expect to make an announcement of our Sydney site, which will be in line with the targeted timing of our IPO Prospectus.”

NEXTDC recorded a half year NPAT loss of $697, 585 for its first interim financial report as the company injects capital into significant infrastructure projects.


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