06 December 2019

Stellium Data Centres has secured a £30m cash injection from Tiger Infrastructure Partners and Eram Capital Advisors, which the Newcastle firm said would be used to fund growth and boost fit-out of its data centre facilities.

This investment follows the decision by Aqua Comms and its partners to pick Stellium as a hub for data transmitted between the US, UK and Europe on the North Atlantic Loop, its new transatlantic subsea fibre network.

“This investment further bolsters the position of Stellium Data Centres as one of the most modern, powerful facilities in Europe,” said Noel Meaney, chief executive officer of Stellium.

“With this investment, we believe we are well-positioned to serve hyperscale and wholesale companies looking to harness the speed and resiliency of the newest subsea network linking the United States, United Kingdom and Europe, as well as local customers who require data centre services within the United Kingdom. 

He added that the firm was looking forward to partnering with experienced data centre investors such as Tiger Infrastructure Partners and Eram Capital Advisors in its growth ambitions.

Stellium’s campus is comprised of three data centre facilities and since its launch in 2017, it has signed contracts with a number of customers who are fully operational in its campuses.

Alessandro Boninsegna, managing director of Tiger Infrastructure Partners, added that Stellium’s management “has a proven track record” in building critical infrastructure for the digital economy, comprised of large purpose-built data centres, redundant power supply and connectivity through future-proof terrestrial fibre and subsea cable networks.

“Stellium has an existing asset base with all these elements and access to the newest fibre networks in the Northeast of England which makes it an exciting new data hub away from the London area,” he added.

“We and our partners at Eram Capital look forward to providing the business with our experience and resources for investment in further growth.”