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Print Edition StoriesThursday, June 18, 2009
Interactive Data finishes Boxborough data center expansion
By Jackie Noblett
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Interactive Data Corp. said it has completed the expansion of its East Coast data center in Boxborough.
The 50,000 square-foot facility was upgraded to not only increase server and storage capacity, but to upgrade the center’s power and cooling infrastructure. The changes include new high-efficiency cooling systems as well as high density power distribution units, both of which will help reduce power consumption and operating costs.
Bedford-based Interactive Data (NYSE: IDC) provides financial market data and analysis software to investors and trading firms. The data center first opened in 2004 and employs about 60 people.
In December of 2008, the company bought a majority interest in NTT Data Financial Corp. of Japan for approximately $25.8 million in cash. Interactive Data acquired 79 percent of NDF, of which 64 percent was bought from NDF’s parent NTT DATA Corp., and 15 percent from minority shareholders. According to Interactive Data, the NDF purchase was part of the company’s strategy to expand its business in the Asia-Pacific region by giving it a direct presence in Japan.
Interactive Data reported a profit of $142.6 million for fiscal 2008 on revenue of $750.5 million.
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