Data centre solutions firm set to reduce big spender
Data centre solutions provider, Unite Technologies Ltd, is
aiming to help businesses achieve substantial reductions in their
energy consumption and carbon emissions following a further
investment round from Finance Wales.
The £700,000 equity and debt investment, Finance Wales’ third
investment in the company since 2001, will enable Unite
Technologies to accelerate the further development of its
innovative power and environmental monitoring solutions and expand
the company’s presence into North America. Unite Technologies’
power and environmental monitoring solutions can help companies
reduce the annual energy consumption of their data centres and IT
infrastructures by around 25 per cent.
Unite’s monitoring solutions enable companies to make informed
decisions about reducing overall energy costs. The company’s
solutions provide a consolidated view of energy consumption and can
report this over a network in real-time.
“Companies managing large data centres are under increasing
pressure to reduce their energy consumption as well as their carbon
emissions in line with government legislation,” explained Simon
Terry, Chief Executive of Unite Technologies. “Our power and
environmental monitoring solutions help companies minimise their
energy consumption and achieve real savings. In most cases, we can
help reduce annual energy consumption by about 25 per cent and have
a significant impact on their bottom line and green
Terry added: “Finance Wales’ investment will help us to achieve
our plans to further develop our integrated energy consumption
monitoring system and break into global markets.”
James Henderson, Portfolio Development Executive at Finance
Wales, said: “Finance Wales’ third investment round will enable
Unite Technologies to continue developing its innovative power and
environmental monitoring solutions. We are pleased to be able to
provide the right level of additional investment at the right time
to support a company with such a strong track record for innovation
and the ability to break into global markets.”
As part of its ambitious development and expansion plans, Unite
Technologies which has its headquarters in Usk, Monmouthshire,
recently opened a New York office. The company has recently secured
two further contracts worth circa £1.5 million with large financial
institutions based both here in the UK and the USA. Unite
Technologies was established in 2007, following the merger of
Comrac Ltd and Sinetica Corporation and currently employs 35 people
in 3 offices. The company’s customer base consists of global
blue-chip organisations with large business critical data centres.
This covers a wide range of market sectors including financial,
broadcast, hosting, telecoms and government.
Advisors on the deal were Berry Smith (legal to Unite
Technologies), PWC (financial to Unite Technologies) and Eversheds
(legal to Finance Wales).