CtrlS Datacenters Limited, a Hyderabad-based carrier neutral data centre service provider, has received Rs 250 crore equity funding from a set of undisclosed investors.This is one of the biggest amount raised in data center space, so far in the country. CtrlS will invest the amount towards expanding its data centers capacity across 3 more cities in the country. CtrlS claims to be the pioneers in Tier-IV datacenters in India.
Sridhar Reddy, CMD, CtrlS, said, “We are now hopeful of meeting the existing and potentials customers demand for more and more capacity. This infrastructure will help customers reduce costs, complexities and increase efficiencies in deploying and maintaining IT infrastructure.
CtrlS Data Centers Ltd. is promoted by the Rs. 750 Crore Pioneer Group along with IDBI and Och-Ziff — a global institutional asset management firm.
CtrlS has been incorporated as a 100% subsidiary of the group company to handle the Internet Data Center business. CtrlS is the pioneer in Tier IV data centers and is the only Tier IV data center in the country. The Data Center serves large multinational customers, financial institutions and telecom companies.
The company is hopeful that with specialization in the design, build, and management of business critical web infrastructures, it would help companies reduce cost, complexity and risks associated with maintaining IT environments. Private equity firms are increasingly targeting companies which aim at reducing costs for their clients or other companies in the tough economic times.
Blackstone recently invested an undisclosed amount in CMS Computers, which it said, “represents a strategic effort to profit from companies looking to cut costs in tough economic times”. This is a move away from the usual routine like those of : corporate advisory and buying companies, cutting costs, restructuring and a pre-IPO exit, for private equity majors like Blackstone. Private equity firms are increasingly resorting to smaller, more focussed deals to ride out the current sluggish economic times.