DC Two - DC2(ASX) News & Expert Insights from Stockhead

DC Two is a vertically integrated revenue generating data centre, cloud and software business that operates a number of data centres which underpin its physical infrastructure. The Company is currently developing its large scale Bibra Lake facility which is expected to ignite the company’s revenue growth trajectory.

DC Two brought the largely finished Bibra Lake facility online in April 2021 in a Stage 1 configuration and is now in the process of re-applying for Tier III accreditation with the Uptime Institute, which will help secure government contracts, mid-market and enterprise customers.

In an Australian first, DC Two is also deploying a number of its in-house developed, high density and transportable data centres ‘behind the meter’ at sustainable power generation sites across Australia. The transportable data centres allow DC Two to provide customers with globally competitive hosting and power prices, which decrease operational costs and provide a turn key solution for companies seeking to lower their environmental impact.

KEY PEOPLE

Shane Wee | Non-Executive Chairman

Shane Wee has extensive ASX experience and has worked in the financial services industry for the past 28 years, holding multiple corporate and advisor roles with various ASX entities and building a solid network of contacts in Australia and South East Asia.

Mr Wee is a shareholder of DC Two and has an aligned interest with shareholders to increase the long-term value of the company. He also has an in-depth understanding of the business, its technology and strategic growth ambitions. On 30 June 2021, Mr Wee retired as a Founding Director of Alto Capital to pursue other opportunities and increase focus on his role as CEO of The Magic Coat for Kids, an organisation to empower children while also equipping them with powerful psychological tools to maintain strong mental health.

Justin Thomas | Managing Director

Justin Thomas is the co-founder of DC Two and has over 20 years’ experience within the IT industry, and throughout that time he has built and sold two successful businesses – a software business, Home Open which was sold to RP Data in 2007 and the Henderson Data Centre which was sold in 2013 to Amcom (now Vocus).

Following this sale, Justin continued his passion for data centres and enterprise technology by founding DC Two with Mark Dignam and a small team of private investors. As the Managing Director at DC Two, Justin remains deeply involved in daily operations and leads the identification, development, management and commercialisation of DC Two projects.

Blake Burton | Non-Executive Director

Blake Burton brings extensive experience within the IT industry to the DC Two Board. He co-founded Perth based web hosting company, Netorigin in 2011. It quickly became one of the largest privately owned web hosts in Western Australia before Blake took the business to a successful trade sale to VentraIP in 2019.

He is currently the CFO at Attained Group which is a Perth based provider of Managed IT services and is also a Director of a bronze and aluminum foundry, Intercast Australia. Blake has a Bachelor of Commerce from the University of Western Australia, majoring in Accounting and Corporate Finance. Previously, he worked as an Auditor at PricewaterhouseCoopers and worked with a number of ASX listed and international companies.