09/09/2010

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 credentials.”

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).