Tulip Telcom Buys Data Centre SPV For Rs 230Cr

Tulip Telecom Limited (Tulip), an  enterprise data services provider, today announced the acquisition of a data centre  facility in Bangalore owned by SADA IT Parks Private Limited (SADA), a special purpose vehicle, at a value of Rs 230 crore.

This is the company’s fifth data centre with its other centres in  Delhi, Bangalore and Mumbai. The new Bangalore facility will be owned and operated through a wholly owned subsidiary of Tulip named Tulip Data Center Private Ltd, the company said in a filing.

Spread across an area of 9 lakh sq ft, the Tier 4 Data Center will be set up in Bangalore with a total investment of Rs 900 crore spread over a period of 3 years. After the completion, this will become India’s largest and the world’s third largest single site data centre, the company claims.  

“Our new data center will help meet the rising customer requirements for co-location, managed hosting & data storage and a suite of other complementary services including managed security services and storage requirements of our customers from across the globe,” Sanjay Jain, CEO, Tulip Telecom Ltd, said.

“This acquisition will provide us a platform to roll out numerous other services including Cloud Computing, SAAS and Managed Application Services,” Lt. Col. HS Bedi, VSM, Chairman and Managing Director, Tulip Telecom Ltd said.

The new eco-friendly data centre has state-of-the-art infrastructure and can house up to 16,000 racks, backed by up to 100 MW Power supply through 5X20 MW substations and will be able to host over 2,000 technical and managerial workforce. The facility would be ready to be utilized in less than 6 months.

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Adobe Buys Behavioral Data Management Platform DemDex

Adobe just announced a big acquisition today; buying behavioral data bank DemDex. Terms of the deal were not disclosed in the release.

Demdex, which launched in 2009, captures behavioral data on behalf of Websites and advertisers and stores it in a “behavioral data bank.” The company then score each user across more than 40 behavioral and demographic variables to come up with a “traitweight,” which helps websites segment their audiences better and advertisers target their messages more exactly.

The beauty of DemDex is that it makes the behavioral data portable and puts it in the control of the Websites and advertisers themselves. They can plug it into whichever ad server or service they are currently using.

DemDex’s technology will be added to Adobe’s Online Marketing Suite, which is powered by Adobe-acquired Omniture. Of course, Adobe is looking to grab hold of a the $109 billion online ad market by offering ad optimization via its marketing suite. Of course, it should be noted that the data DemDex collects is based on anonymous cookie IDs and consumers can opt out of receiving targeted ads.

DemDex, which is based in New York, has raised $7.5 million in funding.

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Coastal Projects Picks 26% In Italian Tunnel Engineering Firm

Coastal Projects Limited, Hyderabad-based tunnel engineering company with a turnover of over Rs 1,300 crore, has announced that it has acquired 26% stake in SELI (Societa Esecuzione Lavori Idraulici S.p.A), one of the world’s most experienced tunneling contractors based in Italy, for a total consideration of EUR 17.85 million (approx. Rs 108 crore).

Italy-based SELI has established operations across the world including India. SELI also designs & builds hard rock and soft ground tunnel boring machines and auxiliary equipments in its manufacturing facility in Italy. SELI has completed more than 520 km of tunnels with the use of mechanized excavation systems and has completed 68 projects around the world.

Coastal has completed over 75 km of tunnelling work and presently has 250 km under execution. The company is backed by prominent global private equity investors like Baring, Sequoia Capital, Fidelity and Deutsche Bank and has an order book of over Rs 7,500 crore.

Coastal Projects and SELI have also agreed to work together in South Asia. With increased number of tunneling projects in India expected to be implemented using Tunnel Boring Machines (TBMs), Coastal Projects stands to benefit from its association with SELI as it also designs and builds hard rock and soft ground tunnel boring machines and auxiliary equipment.

Coastal Projects already owns three TBMs in India and SELI’s global expertise in operations and manufacturing of these machines will be a key differentiator at the time of bidding and execution of projects.

Motilal Oswal Investment Advisors Pvt Ltd acted as the financial advisor to Coastal for this transaction.

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Apple’s Insane Q1 2011: $26.7 Billion Revenue; 7 Million iPads, 16 Million iPhones Sold

Apple has had a rough couple of days. Yesterday, CEO Steve Jobs announced a medical leave of absence. As a result, the stock plunged today before rallying back to close down just over 2 percent. But this should cheer everyone up. Apple has just announced their Q1 2011 (their holiday quarter) earnings — and as many anticipated, they’re massive.

How massive? Well, coming off its best quarter ever in terms of revenue ($20.34 billion in Q4), Apple was projecting $23 billion in revenue for the quarter. The Street, meanwhile, recognizing that Apple always lowballs these numbers, thought revenue would be more like $24.38 billion. The actual number? $26.74 billion.

More to come.

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It’s Kinda Rough For MySpace Over on Quora

A simple question on Quora yields some fascinating comments: “Is MySpace likely to recover?”

Google VP Corporate Development David Lawee left a brief and sarcastic “Is this a real question?” response. Which is noteworthy because Google is a major advertising partner to MySpace. Generally speaking, partners are nice to each other in public, but not here.

Investor Chris Fralic says “Define recover.”

The top answer though is from Sean Moriarty, the former CEO of TicketMaster, who says “Precipitous decline in user base, organizational turmoil, weak technology platform, fierce competition, and media conglomerate ownership make likelihood of recovery low.”

And one of the people who up-voted Moriarty’s comment on October 6 is David Bard, the Senior Interaction Design Strategist at MySpace. He’s likely one of the key guys on the front line of Futura, MySpace’s last push for relevance. And he apparently agrees that the “likelihood of recovery low.”

At least MySpace has one thing going for it – senior employees who are willing to speak their mind, whether it’s sharing internal data with us or upvoting comments on Quora. Most Yahoo’ers always waited until after they’d left to really unload on their former employer.

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