Connect with us
European Gaming Congress 2024

Fintech PR

ePLDT Dominates PH Market with 12th VITRO Data Center

Published

on

okx-ventures-contributes-to-ethereum-mev-solution-shutter-network

Demand and anticipation from hyperscalers, CDNs, banks, BPOs, carriers, and national government fuel ePLDT’s expansion

MANILA, Philippines, July 21, 2023 /PRNewswire/ — ePLDT, the ICT subsidiary of PLDT, the Philippines fully integrated telecommunications and digital services provider, is set to further boost its 65% data center market capacity share by building its 12th data center facility. The announcement came during the W. Media Philippines Cloud and Datacenter Convention 2023, where ePLDT President & CEO Victor S. Genuino shared the company’s vision.

The decision to build the 12th data center, according to Genuino, is anchored on customers’ needs and aspirations to deliver digital innovation and promote inclusive economic growth. This also aligns with ePLDT’s vision to enhance Philippines’ regional competitiveness and attract investments post-pandemic.

“We want to be able to help the Philippines be the next hyperscaler hub of Asia while continuing to support the digital transformation journey of different sectors locally. That’s why we’ve been investing heavily in our ecosystem to ensure that our data centers will be a crucial enabler of the country’s digital economy,” added Genuino.

The 12th data center will have a power capacity of no less than 100 MW, further fortifying PLDT Group’s data center market leadership in the Philippines while leveraging on the massive infrastructure investment of the country’s largest telecommunication group.  

In a separate press briefing, Alfredo S. Panlilio, PLDT & Smart, Inc. President and CEO and ePLDT Chairman, explained that the expansion plans are strongly motivated by the growing demand from enterprise customers and hyperscalers, driving the Group’s vision for data center expansion.

Genuino also shared updates on ePLDT’s 11th data center, VITRO Sta. Rosa, which has already garnered significant interest from industry leaders, including hyperscalers, CDNs, banks, BPOs, carriers, and even the national government.

VITRO Sta. Rosa will be the largest and most advanced data center in the country, boasting a 50 MW power capacity. Designed to be Rated-3 Certified and Rated-4 Ready, it is fit to host the most critical and power-intensive IT infrastructure of hyperscalers and enterprises. 

With VITRO Sta. Rosa on the rise and a 12th data center facility underway, ePLDT’s power capacity will increase to around 200 MW once both sites are activated.

About ePLDT  

Advertisement

ePLDT is the industry-leading digital transformation partner of enterprises in the Philippines. Leveraging on the expertise and world-class telecommunication infrastructure of the PLDT Group, ePLDT aims to deliver customized ICT services through its suite of Multi-Cloud and Data Centers, which will enable enterprises to achieve their digital transformation vision.  

For more information about ePLDT, visit epldt.com.  

View original content:https://www.prnewswire.co.uk/news-releases/epldt-dominates-ph-market-with-12th-vitro-data-center-301882720.html

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Fintech PR

The CfC St. Moritz Returns in January 2025, with Speakers from the CFTC, Fidelity, Hidden Road, Algorand Foundation, and more

Published

on

the-cfc-st.-moritz-returns-in-january-2025,-with-speakers-from-the-cftc,-fidelity,-hidden-road,-algorand-foundation,-and-more

Partners of CfC St. Moritz have been revealed as, BitGo, Kraken, Solana Foundation, and Wormhole Foundation

ST. MORITZ, Switzerland, Sept. 24, 2024 /PRNewswire/ — The CfC St. Moritz, the exclusive and highly curated digital assets conference for investors and decision-makers, will return in 2025, taking place from 15th – 17th January 2025.

The initial list of speakers includes:

  • Rostin Behnam, Chairman of the U.S. Commodity Futures Trading Commission;
  • Deepa Raja Carbon, Managing Director and Vice Chair of the Dubai Virtual Assets Regulatory Authority;
  • Tom Jessop, President of Fidelity Brokerage;
  • Sheila Warren, CEO of the Crypto Council for Innovation;
  • Eric Wragge, Global Head of Business Development & Capital Markets, Algorand Foundation;
  • Lily Liu, President of the Solana Foundation;
  • Arthur Hayes, Chief Investment Officer at Maelstrom;
  • Howard Morgan, Chair and General Partner of B Capital;
  • Christian Angermayer, Founder of Apeiron Investment Group;
  • Anthony Scaramucci, Founder and Managing Partner at SkyBridge Capital

Nicolo Stöhr, CEO of the CfC St. Moritz, said: “The CfC St. Moritz provides crypto’s key decision-makers with a unique opportunity to share knowledge and network with peers, while also fueling discussions about the industry’s most important topics and trends. Our upcoming conference will take place in the wake of a U.S. election, and with major regulatory shifts coming down the tracks for digital assets on a global scale. This, and much more, will be central to our agenda and in the minds of regulators, investors, founders, and executives participating in the event.” 

Hosted at Suvretta House in the idyllic alpine St. Moritz resort and taking place days before the World Economic Forum, CfC St. Moritz serves as an annual agenda-setting platform for industry experts from across the intersections of crypto, digital assets, finance, technology, and business. With just 250 places available for participants, the CfC St. Moritz offers unrivaled access to the most relevant key opinion leaders and investors in the world of digital assets. Applications to attend will open on October 10, 2024.

In addition to the above speakers, the CfC St. Moritz has also revealed the initial list of sponsors, including premier sponsor Algorand, as well as industry leaders, BitGo, Hidden Road, Kraken, Solana Foundation, and Wormhole Foundation.

Staci Warden, CEO of the Algorand Foundation, commented: “CfC St. Moritz is a one-of-a-kind gathering, and we are proud to have partnered with them for the last three years. It is a hugely collaborative environment that gives experts and decision-makers in digital assets unparalleled access to one another in the very charming setting of St. Moritz. We’re looking forward to Algorand’s continued participation and supporting role at the next iteration of the conference in 2025.”

Christian Angermayer, Founder of Apeiron Investment Group, said: “As the digital asset landscape continues to mature, events like CfC St. Moritz play a crucial role in shaping the future of our industry. The unique gathering of visionary leaders and investors, combined with an atmosphere of collaboration, makes this an unparalleled opportunity to drive meaningful conversations about the direction of crypto and blockchain technologies. I look forward to contributing to these important discussions at the event and exploring new growth opportunities.”

About the CfC St. Moritz

The CfC St. Moritz is an exclusive gathering of hand-picked opinion leaders and investors in the private and unique setting of the Swiss Alps. This annual, application-only conference fosters genuine connections, with a deliberate limit of 250 international UHNWIs, family offices, funds, and institutional investors, bridging the traditional finance sector and the crypto industry. Founded in 2017, CfC St. Moritz has hosted six in-person conferences in St. Moritz, one in Half Moon Bay, California, two virtual conferences during the pandemic, and several smaller events. The conference operates with a core team of four throughout the year, expanding to 70 during the event, and is led by CEO Nicolo Stoehr.

www.cfc-stmoritz.com | LinkedIn | Twitter | Instagram

Advertisement

Logo: https://mma.prnewswire.com/media/2245444/CfCStMoritz_Logo.jpg

 

Cision View original content:https://www.prnewswire.co.uk/news-releases/the-cfc-st-moritz-returns-in-january-2025-with-speakers-from-the-cftc-fidelity-hidden-road-algorand-foundation-and-more-302256915.html

Continue Reading

Fintech PR

Ledger Investing Closes $100 Million Casualty Sidecar with Global Reinsurer

Published

on

ledger-investing-closes-$100-million-casualty-sidecar-with-global-reinsurer

Milestone Transaction Establishes Ledger as Partner of Choice in Casualty ILS and Highlights Market Expansion

NEW YORK, Sept. 24, 2024  /PRNewswire/ — Ledger Investing, the leading marketplace connecting insurance risk to capital, today announced the successful funding and launch of a new casualty sidecar facility. This sidecar will provide up to $100 million of capital to finance the casualty reinsurance business of a global reinsurer over three underwriting years on a quota share basis.

Ledger Re SPC, a Cayman-based subsidiary of Ledger Investing that provides institutional investors access to casualty insurance-linked securities (ILS), served as the retrocessionaire. Ledger Capital Markets acted as the sole structuring agent and bookrunner for the deal, reinforcing Ledger’s position as the leader in casualty ILS.

Samir Shah, CEO of Ledger, said “This is an important development for Ledger as we expand from primarily securitizing MGA-originated portfolios to supporting the long-term capital management of leading (re)insurers. Our experience in capital modeling and structuring was instrumental in developing a flexible and sustainable solution that created value for both sides.”

“This transaction underscores the significant investor interest we are witnessing in this diversifying asset class. The capital efficiencies enabled by casualty ILS are driving a growing demand for these products by (re)insurers.” Alex Freiberg, CEO of Ledger Capital Markets.

For more information about Ledger, visit www.ledgerinvesting.com/insurers.

About Ledger Investing
Ledger Investing, Inc. has led the development of casualty ILS since its inception in 2017. Named to CB Insights Insurtech 50 (2023), the company started as a Y Combinator startup and has raised over $90M from leading VCs and strategic insurance industry investors. It created the first dedicated casualty ILS fund in 2021, and has securitized billions of dollars of gross casualty premium through primary and secondary transactions. Ledger operates through its wholly owned subsidiaries: Ledger Risk Markets, LLC, a reinsurance intermediary; Ledger Capital Markets, LLC, a securities broker/dealer; Ledger ILS Managers, a registered investment advisor; Ledger Re SPC, a class B(iii) insurer; and Ledger ILS Services, Ltd., an underwriting and risk management services firm. Learn more at www.ledgerinvesting.com.

Logo – https://mma.prnewswire.com/media/2191922/Ledger_Investing___Black_Logo___Wordmark_Logo.jpg 

Cision View original content:https://www.prnewswire.co.uk/news-releases/ledger-investing-closes-100-million-casualty-sidecar-with-global-reinsurer-302256222.html

Continue Reading

Fintech PR

EQT to sell Dunlop Protective Footwear

Published

on

eqt-to-sell-dunlop-protective-footwear
  • The EQT Mid Market Europe fund has agreed to sell Dunlop to Gilde Equity Management
  • During EQT’s ownership, Dunlop has enhanced its US go-to-market approach, cemented its sustainability credentials, and made substantial investments in its digital platform

STOCKHOLM, Sept. 24, 2024 /PRNewswire/ — EQT is pleased to announce that the EQT Mid Market Europe fund (“EQT”) has agreed to sell its majority stake in Dunlop Protective Footwear (“Dunlop or the “Company”) to Gilde Equity Management (“GEM”). Dunlop is a leading global manufacturer of protective wellington boots, sold via distributors to mainly professional customers. Financial details have not been disclosed.

Headquartered in Raalte, the Netherlands, Dunlop serves professionals in the Agriculture & Fishery, Food Processing, Functional Leisure, Industry, and Oil, Gas & Mining sectors. Dunlop’s high-performance boots guard workers from slips, trips and falls, while providing comfort and functionality in harsh operating environments. With over 400 employees and production sites in the Netherlands, Portugal, and the US, Dunlop serves customers in over 50 countries.

EQT acquired Dunlop in June 2018. During EQT’s ownership, Dunlop has enhanced its go-to-market approach in the US, cemented its sustainability credentials, and made substantial investments in its digital platform. The Company has also significantly expanded its e-commerce business (both directly and indirectly) and achieved EcoVadis Gold for the 3rd year in a row.

Floris van Halder, Managing Director within the EQT Private Equity advisory team, said: “Dunlop is a true example of innovation and sustainability leadership, empowering the doers and makers of the world to get their job done safely. We want to thank the management team and all the employees of Dunlop for their commitment and hard work over the past years.”

Maurice Hansté, CEO of Dunlop, said, “We would like to thank EQT for supporting us as responsible owners and helping us navigate the uncertain market environment over the last few years. Together, we have further professionalized Dunlop, enhanced our US go-to-market approach, and expanded our e-commerce platform. Today, we are well-equipped to continue on our growth journey with our new owners and dedicated colleagues. We look forward to continue working with our distribution partners and suppliers to deliver high-quality, safe, durable, and comfortable products to the end-customers.”

The transaction is subject to customary conditions and approvals.

Contact
EQT Press Office, [email protected]

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/eqt/r/eqt-to-sell-dunlop-protective-footwear,c4041399

The following files are available for download:

https://mb.cision.com/Main/87/4041399/3014962.pdf

Advertisement

PR_EQT to sell Dunlop Protective Footwear_24.09.24

https://news.cision.com/eqt/i/dunlop,c3336195

Dunlop

 

View original content:https://www.prnewswire.co.uk/news-releases/eqt-to-sell-dunlop-protective-footwear-302256824.html

Continue Reading
Advertisement
Advertisement European Gaming Congress 2024

Latest news

Trending