Manchester, UK, based colocation firm TeleData has recorded a 28 percent growth in recurring contract revenues during the first half of 2020, and predicts record revenues this year.

The growth in revenue comes from a 15 percent growth in colocation services while cloud revenue from both public and private cloud hosting solutions has grown 48 percent. The firm, which diversified its portfolio from traditional colocation to cloud services in 2019, says its cloud platform revenue now represents 16 percent of its total revenue.

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Matt Edgley, TeleData's commercial director – TeleData

Room to grow

TeleData began a 7,000 sq ft (650 sq m) expansion of its data center in Delta House, Wythenshawein June . The £2 Million ($2.6m) project will offer up to 200 server racks for customers. The expansion should be completed by the end of 2020.

Matt Edgley, TeleData commercial director said at the time: “TeleData is expanding at a time when available data center capacity is nearing a critical point, particularly in Manchester, with a serious lack of new investment into high-quality supply coming from other providers in the region As the world emerges from the current situation, data centers form an increasingly important part of the national fabric, enabling remote and flexible working with high capacity networking and compute solutions to ensure peace of mind.”

Offering peace of mind

TeleData invested a separate £1.8M ($2.3m) into improving the data center's energy efficiency and resiliency during 2019.

Working with Powerstar, it spent £1.5m on installing a smart energy battery storage system, cutting the data center's carbon footprint by up to 10 percent.

The 2MW system enables TeleData to store electricity from the national grid at times of low demand and discharge it during the most beneficial periods, acting as a reserve during peak tariff times.

The company also spent £125k on adding extra security features to the data center.

The new security system incorporates CCTV cameras, thermal imaging, automatic number plate recognition, a new security entrance portal with multi-factor authentication, and anti-tailgating technology. The data center is also under permanent supervision from a BS5979 certified and police-linked security center.

This added security has encouraged several fiber providers who host with Teledata to begin investing in their infrastructure, the company says.

Edgley said: “It’s been positive to see that despite the many challenges 2020 has brought, our earlier investments into connectivity and capacity are starting to reap dividends.

“Covid-19 brought significant hardship to a great many businesses, but as a result, digital transformation has accelerated, driving the market forward as companies realize the benefits of a resilient, agile, and scalable IT infrastructure.

TeleData also reported 40 percent growth in its cloud computing platform back in May, helping it win the GP Bullhound Northern Tech Award’s Top 100 Fastest Growing Technology Companies.

Edgely added: “It’s our job now to continue to provide robust and reliable solutions for our clients, making additional investments into capacity and emerging technologies where required, to enable our customers to continue to run their businesses with peace of mind that their IT infrastructures are secure and business continuity is guaranteed.”