Onyx goes for more growth

May 20, 2011

TECHNOLOGY provider Onyx has bought its second data centre in two months to continue its nationwide expansion.

In March the Stockton firm acquired a centre in North Yorkshire to add to others in Newcastle, Edinburgh and Glasgow.

Now the company has splashed out a six-figure sum on a 22,000 square foot centre in South Yorkshire, home to a growing digital hub to rival those in Middlesbrough and Manchester.

Onyx said the move was part of its long-term aim of becoming a national technology provider “with data centres in every major conurbation”.

CEO Neil Stephenson said: “We have a strong presence in the North of the UK and in London.

“Now the next step is to expand our presence in the middle bit of the UK.

“This acquisition takes us into a new geography and expands our data centre capabilities.

There aren’t many companies that have five data centres in the UK.”

He said Onyx’s “robust” business model had allowed it to beat the recession, with five key customers signing long-term deals last year.

Now the -£15m turnover firm, which grew revenues by 25% last year, is looking to expand further by cashing in on emerging technologies such as cloud computing.

The invention allows people to access data stored on a virtual ‘cloud’ whenever they want.

Its popularity among companies has risen because the pay-as-you-go-cost of using data from the cloud can work out cheaper than forking out large sums of money on servers, laptops and PCs.

Source: www.nebusiness.co.uk