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WHTop → 📋 News → Raxio Lands $100M from IFC for African Data Center Expansion
Raxio Lands $100M from IFC for African Data Center Expansion
📅 - The World Bank Group's International Finance Corporation (IFC) has agreed to provide $100 million in funding to Raxio Group, a data center platform operating in Sub-Saharan Africa. The money is meant to hasten Raxio's development of facilities that support vital technologies like artificial intelligence (AI), cloud computing, and digital financial services - all of which are essential for fostering digital inclusion and economic growth in Africa.
With the loan financing from IFC, Raxio says it will be able to treble the number of high-quality colocation data centers it deploys in three years, meeting the increasing demand in underdeveloped regions around the continent. The business is [...][... Check source for end of article ...]
📅 - Study: QA Professionals Embrace AI Despite Job Security Concerns - The role of Quality Assurance (QA) professionals is undergoing a fundamental shift, according to the newly released 2025 State of Software Quality Report by Katalon, provider of AI-augmented software testing. Drawing insights from over 1,500 QA professionals across North America, Europe, and the Asia-Pacific region, the report outlines how artificial intelligence is not only reshaping testing workflows but redefining QA's position in the broader software development lifecycle.
While adoption of AI in software testing is accelerating, the report highlights a notable contradiction: the very professionals who are leading the integration of AI into their testing strategies are also those most [...]
📅 - NetActuate Expands NYC Data Center with Major Upgrades - With about 20 million citizens, New York is a significant hub for digital consumption, a major gateway to global markets, and a global center for business, entertainment, and finance. With direct access to neighboring carrier hotels at 111 Eighth Avenue and 60 Hudson Street, NetActuate's data center is located in the Telehouse high-security LGA1 building at 85 10th Avenue.
"NetActuate's continuous investment in New York reflects our commitment to providing best-in-class network performance and reliability to this critical market," stated Mark Mahle, CEO of NetActuate. "Whether companies are gearing up for major AI innovations or preparing for increased market volatility and new product [...]
📅 - Study: 83% of CIOs Exceed Cloud Budgets, Only 2% Under Spend - Azul, a California-based provider of Java platforms optimized formodern cloud enterprises, has released its latest industry research, The CIO Cloud Trends Survey & Report. Based on responses from 300 CIOs across the United States, the report sheds light on how enterprise IT leaders are navigating the dual pressures of cloud-driven transformation and rising infrastructure costs.
The data reveals that 83% of CIOs are overspending on cloud infrastructure and applications, exceeding initial budgets by an average of 30%. Only a marginal 2% reported staying under budget. Despite these overruns, 80% still perceive cost savings as a result of cloud adoption - highlighting a paradox in current [...]
📅 - Hawaii Data Center Firm DRFortress Acquired by 1547 and Harrison Street - Hawaiis largest carrier-neutral colocation data center, DRFortress, has been acquired by 1547 Critical Systems Realty and investment firm Harrison Street. The deal, which marks a significant development in the digital infrastructure space in the Pacific region, transitions ownership from GI Partners, which had held a controlling interest in DRFortress since early 2020. The terms of the acquisition were not disclosed.
DRFortress has long been recognized as the states most prominent interconnection hub, serving enterprise clients, global networks, and cloud providers across the Asia-Pacific region. Since GI Partners initial investment, the company has nearly quadrupled its colocation [...]
📅 - Datadog to Launch Australian Data Center for Cloud, Data Sovereignty - Datadog, the cloud application security and monitoring platform listed on NASDAQ (DDOG), has announced plans to open a new data center in Australia. The facility, which will be built on Amazon Web Services (AWS), marks Datadogs first local deployment in the country and expands its global footprint, which already includes North America, Europe, Asia, and AWS GovCloud.
The new data center is designed to support the growing demand for data sovereignty and compliance with local privacy and security standards in Australia and New Zealand. It would allow Datadogs regional clients to store and process data domestically, a key requirement for industries such as financial services, healthcare, [...]
📅 - Hornetsecurity Acquires French Email Security Firm Altospam - German cloud cybersecurity provider Hornetsecurity has announced plans to acquire French email security specialist Altospam, further reinforcing its presence in France and advancing its mission to deliver European-built cybersecurity solutions globally. The announcement was made during the Forum INCYBER Europe (FIC) held in France, where Hornetsecurity took over the 1,800-square-meter Zenith de Lille venue to present an immersive cybersecurity experience.
The acquisition remains subject to approval by the French Ministry for the Economy, in accordance with the countrys regulations on foreign direct investment. If approved, it will mark another significant step in Hornetsecuritys continued [...]
