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FREMONT,CA: After announcing its presence in Singapore yesterday, US hyperscaler Stack Infrastructure is expanding its digital infrastructure operations into the Asia Pacific region, starting with important locations in Japan.
Stack, which was launched in 2019 by private equity fund manager IPI Partners, will begin operations in Tokyo and Osaka, with intentions to expand to Singapore, Hong Kong, South Korea, Australia, and other significant Asian cities shortly after.
The company plans to work with landowners and real estate platforms to establish a pan-APAC presence "via a combination of acquisitions and organic expansion," according to a news release issued late Wednesday by the business.
Pithambar "Preet" Gona, located in Singapore, has been named chief executive officer of Stack's Asia Pacific expansion. Gona previously worked at Bridge Data Centres, a Singapore-based hyperscale and wholesale data centre company that merged with ChinData Holdings in 2019.
Tom Duncan, a former CBRE executive director who currently manages business development in the area and will supervise the company's collaborations with developers and operators in Asia Pacific, has also joined the Stack team in Singapore.
Mingtiandi contacted Stack and IPI for more information, but had not gotten a response as of publication. After completing the acquisition of Infomart data centres and three functioning assets in 2018, IPI launched Stack in January 2019. The investment business subsequently integrated that portfolio with facilities purchased through T5 Data Centres investments to form a 100MW market player in the United States.
After completing the acquisition of Infomart data centres and three functioning assets in 2018, IPI launched Stack in January 2019. The investment business subsequently integrated that portfolio with facilities purchased through T5 Data Centres investments to form a 100MW market player in the United States. Former Infomart CEO Brian Cox was then named CEO of Stack by the investment firm. Iron Point Iconic, or IPI, is a digital infrastructure investment firm founded in 2016 by Iron Point and Iconiq Capital to buy, construct, lease, and operate digital infrastructures.
By establishing Stack in APAC, IPI sees an opportunity to expand its services to the major Internet companies that are filling up hyperscale facilities.