Friday, 9 December 2011

Company news round up - Coresite, Alpheus, Iceotope

CoreSite Realty Corporation declared a dividend of $0.18 per share on common stock and common stock equivalents for the fourth quarter of 2011 up $0.05 from the previous quarterly dividend rate of $0.13 per share.

The dividend will be paid on January 17, 2012 to stockholders of record on December 30, 2011.

CoreSite’s Chief Executive Officer, Tom Ray, said: "CoreSite is pleased to announce that our Board of Directors has raised CoreSite’s quarterly dividend. This increase reflects the strength of our operating model and our view of our market opportunity. We remain focused upon the systematic execution of our business plan and look forward to entering 2012 with accelerating momentum."

Acquisition

Private equity firm The Gores Group completed the acquisition of Texan fiber network and data center operator Alpheus Communications. Financial terms of the deal were not disclosed.

Buyout

The assets of North of England based company Iceotope, producers of a modular liquid cooling platform, have been bought by a consortium including the original engineering team, backed by a seven figure investment sum.

Original inventor, and newly appointed CTO, Peter Hopton led the fund-raising to acquire the technology and the IP.

Iceotope has a patented approach to reduce power consumption in data centres by tackling the problem of cooling servers at the source of the heat - at component level. Iceotope licenses this technology to vendors, helping them to reduce the cooling requirements in their servers and electronics. The electronic components are sealed inside giant heat-pipes containing an ultra-convective fluid, so that all generated heat can be captured in water and efficiently removed, without heating up the surrounding data centre environment.


09 December 2011