IPVG unit gets P105-M loan for Taguig data center

The IT arm of technology conglomerate IPVG Corp. has announced that it has signed a P105-million loan agreement with Banco De Oro to finance the construction of a new Internet data center facility in Bonifacio City in Taguig. In a disclosure to the Philippine Stock Exchange, IP Converged Data Center said the new data center is being put up to address increasing demand for co-location services, data and network security, disaster recovery, business continuity, among others. The company said its main Internet data center in RCBC Plaza, Makati City is close to reaching its capacity due to an ever increasing demand in premium data center space and environment. “We see a significant rise in ICT spending being directed towards data center services this year," said Reynaldo R. Huergas, president of IP Converge. We want to ensure that the company has the resources to address the continuously growing demand." According to Huergas , the new data center will be a state-of-the-art green data center facility “utilizing the latest practices and technology that promote energy efficiency and conservation". A green data center may be defined as a facility with a specialized environment for the storage management, and dissemination of data, in which the mechanical, electrical and computer system are designed for maximum energy efficiency and minimum environmental impact. Some practices and characteristics in such a facility would include: the use of communication and storage equipment with a high energy efficiency rating; data center virtualization to maximize operational efficiency; the streaming of structured cabling to improve airflow and the use of fire suppressants with no significant reduction of oxygen level; and zero ozone depleting potential . IP-Converge is the first and only Internet data center to be listed in the PSE. — Newsbytes.ph