Tech: 5GN found a partner to help with its cloud computing data centres
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One of the ASX few small caps in data centres, 5GN Networks (ASX:5GN), wants to stand out from the pack and it just found a partner to help it do that.
Today 5GN announced cloud hosting solutions provider Servers Australia will use capacity from 5GN’s data centres in Sydney, Melbourne and Adelaide. Additionally, Servers Australia will resell 5GN’s cloud solution.
Data centres store and process data, which helps us do anything online from streaming digital content to online shopping. 5GN wants to stand out from larger competitors such as NextDC (ASX:NXT) and Equinix (NYSE:EQIX).
It will offer managed cloud solutions that optimise customers’ IT and network environments. Essentially firms outsource and use external infrastructure to run its software and systems consequently saving costs.
“This development underlines the 5GN value proposition in providing end-to-end services which deliver more value than simple data centre co-location,” he said.
“It also highlights that channel partners are demanding a combination of choice and simplicity in supporting the digital experience for customers.
“The ICT market is filling with similar hosting and managed server providers who are seeking a broader range of digital services, which 5GN can seamlessly deliver”.
5GN shares climbed 7.5 per cent today on the news. The company is 40 per cent higher than a year ago, although well off its June 2019 high of $1.68.
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