Digital Realty to Buy Interxion for $8.4 Billion

Digital Realty to Buy Interxion for $8.4 Billion

Amsterdam-based Interxion, which provides carrier and cloud-neutral colocation data centre services, announced this week it has agreed to be acquired by Digital Realty, a data center services company.

The transaction values Interxion at $8.4 billion and brings added value to the company. Interxion will benefit from Digital Realty’s global footprint, helping it build its presence in the Americas, EMEA, and Asia Pacific. “We also believe our stakeholders will benefit from Digital Realty’s investment grade balance sheet and lower cost of capital,” said Interxion CEO David Ruberg.

“The transaction is expected to be accretive to the long-term growth trajectory of the combined organization, and to establish a global platform that we believe will significantly enhance our ability to create long-term value for customers, shareholders and employees of both companies,” said Digital Realty CEO A. William Stein.

Once the deal is finalized the new entity will be called Interxion, a Digital Realty company. Interxion CEO David Ruberg will serve as the CEO of the combined company’s Europe EMEA business while Stein will serve as CEO of the combined company.

Finalization of the deal is subject to closing conditions and shareholder approval. The transaction is expected to close in 2020.

Interxion was founded in 1998 and now serves its customers through 50 data centrs in 11 European countries. The company is partnered with more than 700 connectivity providers, 21 European internet exchanges, as well as many cloud and digital media platforms.

At FinDEVr Silicon Valley 2015, Interxion’s VP of Enterprise Bill Fenick, gave a presentation titled Quants in a European Cloud.

Finovate Alumni News

On Finovate.com

  • SME Challenger Bank Recognise Signs on Mambu.
  • Digital Realty to Buy Interxion for $8.4 Billion.

Around the web

  • Stratifyd expands workforce by 200 people, moves to a new 30,000 square-foot office.
  • Lendio named to MountainWest Capital Network’s 2019 Utah 100 List.
  • Square leverages DriveWealth’s trading API to compete with the likes of Robinhood.
  • Signicat now offers identity verification in 208 countries through identity document scanning, web-based video interviews, and NFC scanning of passports.
  • SpareBank1 to leverage Minna Technologies to help customers cancel their unwanted subscriptions.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Finovate Alumni News

On Finovate.com

  • Ayondo Pursues IPO After Reverse Takeover Deal Lapses.
  • Personal Capital Launches Education Planner to Prepare You for College Costs.
  • Finastra Partners with VASCO to Offer Customers eSignLive Capability.
  • Trustly Teams Up with Emric to Broaden Payment Options for Businesses.

Around the web

  • Cuffelinks features Jon Medved, CEO and Founder of OurCrowd.
  • Openbank, the digital bank of Santander Group, selects Temenos Core Banking.
  • Interxion working with global institutional agency-model broker INSTINET to host the firm’s BlockMatch.
  • Arroweye Solutions selected by Obsidian to produce custom local open-loop prepaid cards.
  • SecureKey Technologies adds National Bank of Canada to its digital identity network.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

FinDEVr APIntelligence

FDLD17_EventLogoV1_wdate(large) (1)We saw some great stuff at FinDEVr New York earlier this year. If you missed out, check out FinDEVr London on June 12 & 13 during London Tech Week. Register today and save big time.

On FinDEVr.com

  • FinDEVr Veteran OutsideIQ Acquired by Exiger

Alumni updates

  • Plaid and Dwolla partner to provide fully-tokenized ACH payment integration.
  • Xero features its partnership with Equifax.
  • London Metal Exchange locates LMEselect Platform at Interxion’s Data Center
  • Envestnet unveils expanded data analytics portfolio for wealth management.
  • FinDEVr Alum Quovo Raises $10 Million
  • Prival Bank of Panama to deploy Temenos’ core banking solution, T24.
  • Trulioo adds new Canadian data sources to its GlobalGateway verification technology.
  • Jay Shah promoted to CEO of Personal Capital
  • Xero awarded the Best Overall Fintech Platform by the Fintech Breakthrough Awards.

Stay current on daily news from the fintech developer community! Follow FinDEVr on Twitter.

Finovate Alumni News

On Finovate.com

  • OutsideIQ Acquired by Global Compliance Specialist, Exiger.

Around the web

  • Jack Henry & Associates named a Best Place to Work in Kentucky.
  • Xero features its partnership with Equifax.
  • London Metal Exchange locates LMEselect Platform at Interxion’s Data Center
  • Envestnet unveils expanded data analytics portfolio for wealth management.
  • Leondrino Exchange announces the first two branded currencies for startups.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

FinDEVr Live: Interxion Presents a European Fintech Success Story of Quants in a European Cloud

FinDEVr Live: Interxion Presents a European Fintech Success Story of Quants in a European Cloud

Interxion_homepage_FinDEVr2015

interxion.com | @interxion

Interxion_FinDEVr2015_logoInterxion (NYSE: INXN) is a leading provider of cloud and carrier-neutral co-location data center services in Europe, serving a wide range of customers through 37 data centers, in 11 European countries. Interxion’s uniformly designed, energy-efficient data centers offer customers extensive security and uptime for their mission-critical applications. With more than 500 Connectivity providers and 20 European internet exchanges across its footprint, Interxion has created cloud, content, finance, and connectivity hubs that foster growing customer communities of interest.

Quants in a European cloud
Interxion and Sayula will present a European fintech success story. We start with the co-located foundation infrastructure necessary to meet European demands and progress to Sayula’s open development-framework platform and added open-source components allowing Vontobel to meet their needs for a shared structured-derivatives valuation platform.

Key takeaways:

  • Social Mobile Analytics in the Cloud applied to Quants
  • How to build a shared and modular valuation platform
  • European challenges for Fintech Infrastructure

interxion_findevr

Presenters:

Bill Fenick, Strategy & Marketing Director, Interxion

Fenick has two decades-plus of financial services industry experience in data distribution and trading technologies, managed services, co-location and hosting. Prior to Interxion, Fenick worked at Thomson Reuters and Tibco. He holds a doctorate from University of Vienna, a master’s from Webster University in Vienna, and a bachelor’s degree from UCLA.

Daniel Mueri, COO, Sayula

Mueri earned his master’s (Cornell University) and bachelor’s (Rutgers University) degrees in electrical engineering. He has twenty years’ experience in market data and trading systems, and is an innovator and competitor in both his professional and sporting activities.

Cristian Alzati, CTO, Sayula

Alzati has more than twenty years of software development experience in the financial industry. Before founding Sayula, he designed a server-based spreadsheet system that stayed more than 20 years in production at UBS. Alzati holds master’s and engineering degrees from Stanford and a master’s in computational finance from Carnegie Mellon.

FinDEVr APIntelligence

FinDEVr2015LogoV2DateAre you building new financial technology? Be sure to register soon for the only event exclusive for fintech developers, FinDEVr 2015, 6/7 October (just a few days away!) in San Francisco.

Developer news

  • “Thomson Reuters considers how APIs are changing the fintech narrative”

The latest from upcoming FinDEVr 2015 presenters

  • FinDEVr San Francisco 2015 Presenters All Mapped Out.
  • PayPal unveils its chip-card reader in the U.S.
  • Hyperwallet counts down to next week’s FinDEVr developer conference.
  • Munich-based Fidor Bank Launches in the U.K.
  • OnDeck partners with Association for Enterprise Opportunity to facilitate up to $10 million in small-business loans.
  • Aerospike releases version 3.6 of its NoSQL operational database.
  • TechCrunch: Klarna adds American Express as a partner.
  • Emerging Payments Awards selects Hyperwallet as a finalist for the Best Corporate/Government Payments Program award for 2015.
  • Braintree and PayPal reflect on their two-year anniversary.
  • CNET features Personal Capital in a look at investment in robo-advisers.
  • Kaspersky’s blog mentions Twilio’s Authy as a way to protect your ID on a smartphone.
  • Avalara announces the availability of a benefits program exclusively for U.S. QuickBooks ProAdvisors® and their clients.
  • Celent advises banks to be more like Fidor Bank in order to remain relevant.
  • The Neutral Internet Exchange NL-ix will use Interxion Cloud Connect to connect to Microsoft Azure as a part of its new cloud connectivity services.
  • MX Lands $4 Million from CheckFree Founder Pete Kight.

Alumni updates

  • Xero surpasses milestone of 100,000 subscribers in the U.K.

Stay up to date on daily developments by following FinDEVr on Twitter.

Finovate Alumni News

On Finovate.com

  • Commentary: “”Prosper Signals Move into PFM with $30 Million Acquisition of BillGuard
  • Thanks to Xignite, the #FintechRevolution Will Be API’d”

Around the web

  • Lending Club adds Indiana, Kansas, and Nebraska, expanding its services to 36 states.
  • Premier Bank in Bangladesh extends payments agreement with TSYS, upgrading to PRIME4.
  • iSignthis to provide KYC services to Danish payment processor and card acquirer, Clearhaus, beginning in early 2016.
  • LeasePlan Bank implements Matrix digital banking platform from Five Degrees.
  • Peoples Bank & Trust hires Insuritas to launch turnkey insurance agency.
  • Kaspersky’s blog mentions Twilio’s Authy as a way to protect your ID on a smartphone.
  • Avalara announces the availability of a benefits program exclusively for U.S. QuickBooks ProAdvisors® and their clients.
  • Celent advises banks to be more like Fidor Bank in order to remain relevant.
  • The Neutral Internet Exchange NL-ix will use Interxion Cloud Connect to connect to Microsoft Azure as a part of its new cloud connectivity services.
  • TABB Research features Heckyl Technologies, Market Prophit, PsychSignal, and TickerTags in its new report on “social alpha 2.0.”
  • Nexmo teams up with mobile operator, H3G, to bring its SMS-based user-authentication technology to Sweden and Denmark. See Nexmo at FinDEVr 2015 in San Francisco next month.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Finovate Alumni News

On Finovate.com

  • “Finicity Acquires Aurora Financial Systems”

Around the web

  • Temenos and Accenture team up to help Nordea replace its core banking system.
  • Vantiv named as merchant services solution provider for Rabobank.
  • Let’s Talk Payments interviews Currency Cloud CEO Mike Laven. Join Currency Cloud in October for FinDEVr 2015 San Francisco.
  • Cachet Financial Solutions unveils its Select Mobile Money turnkey payroll program for corporate clients.
  • Checkout.com adds SafetyPay to its list of payment options for merchants in the Latin American market.
  • BankNXT encourages banks to follow the lead of Fidor Bank when it comes to “community and openness.” Join Fidor Bank in San Francisco for FinDEVr 2015.
  • Human Resource Executive Online highlights DoubleNet Pay in a look at financial wellness programs in the workplace.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

FinDEVr Preview: Interxion

FinDEVr Preview: Interxion

FinDEVr2015LogoV2DateFinDEVr Previews highlight companies presenting new developer tools, platforms and integrations at FinDEVr 2015 San Francisco, 6/7 Oct. Early bird savings end Friday, so pick up your tickets today.

Interxion’s Sayula and Vontobel present a European fintech-success story. The two begin with the co-located foundation-infrastructure necessary to meet European demands and progress to Sayula’s open-development framework-platform and added open-source components allowing Vontobel to meet their needs for a shared structured-derivatives-valuation platform.

Interxion_homepage_Sep2015

Why it’s a must-see

You will learn about the constraints applying to data and infrastructure for European financial services.

You will also discover why major banks value solutions which allow non-IT users to seamlessly snap together data sources, analytical libraries, and models, to create new models by adding their business logic with an intuitive Excel interface.


Check out more of today’s FinDEVr previews:

 

Finovate Alumni News

Around the web

  • Whiznews in Southeastern Ohio looks at a local deployment of SizeUp with the Zanesville-Muskingum Chamber of Commerce.
  • RedCloud names Katia Hilal as vice president of product. See RedCloud at FinovateFall 2015 in New York.
  • Omaha.com talks with Doug Parr, chief revenue officer for Prairie Cloudware, about the EMV transition this fall.
  • Azimo brings its money-transfer services to Sierra Leone and Guinea.
  • Coinbase enables U.K. and Spanish customers to buy bitcoin using 3D Secure credit and debit cards.
  • Interxion announces availability of Azure ExpressRoute in Amsterdam. Check out Interxion at FinDEVr 2015 in San Francisco.
  • Apple identifies Flint, MicroStrategy, and Xero as partners for the iPad-for-business effort.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.