OptiGlobe's So Paulo Operation Reaches Cash Flow Positive Status

📅 November 14, 2001 - OptiGlobe, Latin America's premier provider of web-enabled IT outsourcing and data center services, announced that its São Paulo data center has reached cash flow positive status after less than one year in operation.

This milestone represents one of the most successful starts for any large-scale data center in the world. A $100 million investment, OptiGlobe's São Paulo facility is 159,000 square feet with redundant power and electrical systems designed specifically for the Brazilian operating environment. Since launching this facility in November 2000, OptiGlobe has achieved 100 per cent building uptime, numerous customer wins, breakthroughs in technology and financial success.
"Over the past year, enterprises across Brazil have discovered the value of outsourcing the infrastructure for their mission-critical applications," said Scott Puritz, Chairman and CEO of OptiGlobe. "By leveraging OptiGlobe's world-class services, state-of-the-art facilities and connectivity providers, our customers can roll out applications faster, cheaper and with higher quality than is possible in-house. OptiGlobe's financial strength is a testament to our customers' continued successes and we look forward to many more years of growth and prosperity in the region."
Customer Successes
During the past year, OptiGlobe signed over 200 customers in Brazil, and averages more than 20 new contracts per month. The Company counts approximately 50 multinational organizations among its customer base, including Deutsche Bank, Alcan, Yahoo!, Nabisco and Coca-Cola. OptiGlobe also manages the mission-critical infrastructure for some of Brazil's largest companies, including Globo and Pão de Açúcar. Today, more than 25 per cent of OptiGlobe's revenue growth is from existing customers that are expanding or upgrading their technology infrastructure.
Recent customer successes include:
The Brazilian Mercantile and Future Exchange is the largest options exchange in Latin America with over US$20 billion of transactions executed a day. OptiGlobe provides BM&F with infrastructure used to deliver a comprehensive disaster recovery solution for its entire transactional system. Ford has annual sales of 135,000 vehicles in Brazil, making it one of the country's largest companies. OptiGlobe is managing Ford's corporate web site in Brazil, as well as other consumer, supplier and dealer-facing IT systems. White Martins is a subsidiary of Praxair, a US$5 billion supplier of industrial gases. White Martins has centralized its email, ERP applications, CRM systems and corporate intranet at OptiGlobe. White Martins relies upon OptiGlobe's multiple telecommunications carriers to cost-effectively connect its 77 branch locations to these enterprise applications.
"OptiGlobe has developed robust areas of specialization in designing and managing the infrastructure for mission-critical applications such as ERP, supply chain and storage," said Luiz Eduardo Baptista, Country President for OptiGlobe-Brazil. "Our certified engineers understand the challenges associated with enterprise applications and have experience developing networks and IT architectures to ensure maximum efficiency and performance for our customers."
According to Andrew Schroepfer, President of Tier 1 Research, "OptiGlobe has done an incredible job building world-class facilities, rolling out valuable services and signing key customers in a very short period of time. OptiGlobe's São Paulo data center has had an extremely successful first year in operation, and I believe that the company is very well positioned for future growth."
The company recently expanded into Mexico.