data centers Archives

Tech-friendly scene makes Arizona a data center hot spot

IO President Anthony Wanger.

Phoenix has its head in the clouds. Digital information—everything from financial and medical accounts to media entertainment and social networks—is now being stored in about 60 high-tech data centers throughout the Phoenix metro area, adding to the state’s growing reputation in the technology industry. Renewable energy, geo-stability and tech-friendly legislation are a few of the… Read More →

SRP prepares grid to support new technology systems


A unique partnership between Salt River Project and BASELAYER, the advanced data center hardware and software company born within IO, will provide an innovative approach to supporting the addition of critical data centers in the Valley. Data centers support modern computer technology information systems such as the Internet.  They are also large consumers of power,… Read More →

IO Expands into Asia Pacific Markets
by in Business News | Tech

IO, the Phoenix-based global leader in software-defined data centers, today launched its Asia Pacific operations with Singapore as regional headquarters. This initiative advances the company’s committed expansion strategy to serve its global customers in one of the fastest growing markets in the world. IO chose Singapore to address customer demand for software-defined data centre technology… Read More →

Established CFO Brings Tech Experience to IO

IO, a global leader in software-defined data centers, today announced Michael Berry has joined the company as Chief Financial Officer. Mr. Berry will be responsible for financial planning and analysis, accounting, operations, treasury activities and investor relations, and will report to CEO and Product Architect, George Slessman. “I am very happy to have Mike join… Read More →

IO Raises $260 Million in Financing

ade statewide data system
by in Banking | Business News | Tech

IO, the global leader in software-defined data centers, today announced the closing of a new $260,000,000 multi-year credit facility led by Wells Fargo. IO’s existing bank group, consisting of Wells Fargo and Mutual Bank of Omaha, has been expanded to include Bank of America, Bank of Montreal, JPMorgan Chase Bank, Royal Bank of Canada, National… Read More →

IO Closes $90 Million In Funding Led By New World Ventures

by in Business News | Economy | Finance | Tech

Phoenix-based IO, the leading provider of next-generation modular data center technology and services, today announced it has raised $90 million in equity from a group led by New World Ventures, a Chicago-based venture capital firm focused on technology innovations that fundamentally change markets. Existing IO investors also participated in the funding. “From the moment we… Read More →

Data Centers Flock To Metro Phoenix

data centers

More developers of data centers where companies store equipment for online communications are choosing Phoenix for their real-world destination. The Arizona Republic reports analysts say geographic and economic factors are making metropolitan Phoenix a top-10 market for data centers. Analysts speaking at a seminar in Chandler on Friday say the area offers low taxes, cheap… Read More →