EdgeUno: ‘We want to buy or build 5 datacenters per year’

Bnamericas Published: Thursday, June 16, 2022
EdgeUno: ‘We want to buy or build 5 datacenters per year’

Datacenter and telecom infrastructure services firm EdgeUno targets owning and operating small, edge datacenters in 25 markets in the next five years, mostly in Latin America, CEO Mehmet Akcin told BNamericas.

The company plans to achieved this through a combination of greenfield build-outs and acquisitions of established sites.

“To get there, we’ll buy or build five datacenters per year. These are small, edge-focused, modular datacenters, to bring content very close to the users,” said Akcin.

The firm’s suite of IaaS solutions includes bare-metal, cloud computing, and smart remote hands services.

This week EdgeUno unveiled the purchase of Ecuador’s New Access, marking the fourth M&A deal since its launch in 2018. The transaction is due to close in the coming months. 

The acquisition is set to give the company an important upper hand in the regional enterprise segment through the Ecuadorian firm’s customer base, according to Akcin, while also adding datacenters in Quito and Guayaquil.

“We’re looking at multiple opportunities like this. To go to a company that has business in Ecuador and then do business with them in Chile or in Peru,” he said. “Or maybe do business with international companies in a market and then expand it to multiple countries. That’s our goal.”

More M&A deals are in the pipeline with three or four now at the advanced negotiation stage, said Akcin. 

EdgeUno has around 600 customers in Latin America, with over 95% being international groups. These are social media companies with a strong focus on content generation and video streaming that need IP or cloud connectivity.

Founded in Silicon Valley by former executives of internet giants and headquartered in Miami, the firm’s regional footprint is made up of Argentina, Brazil, Chile, Colombia, Costa Rica, Ecuador, Mexico, Peru and Puerto Rico.

Shortly after its launch, EdgeUno raised US$500,000 in a seed round and went for its first acquisition: Colombian internet service provider Red Uno. That deal was followed by the purchase of two professional services companies in Brazil: Sunnyvale Networks and NuiTEC. 

Since 2020 the firm also has a partnership with submarine cable operator Seaborn in the region, enabling points of presence in datacenters. Andy Bax, co-founder and former COO of Seaborn, is EdgeUno’s COO.

The value of the company’s acquisitions has not been disclosed, but Akcin said it has US$30-40mn earmarked for the combination of organic and non-organic growth in Latin America. 

This includes boosting its regional team, which is currently made up of 160 people. 

EdgeUno’s operations are financed with its own funds, although it may turn to banks at some point if necessary to support its fast growth, said Akcin.

“We’re really focusing on Brazil now. Brazil and also Mexico are the main areas for us. But we’re basically looking at any other market, from Mexico, to Costa Rica, to Argentina, etc,” he said.

Of the 17 Latin American sites, seven are in Brazil. The global network is made up of 22, with the others being in the US, Egypt, Turkey and Saudi Arabia.

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