M247 Europe, one of the leading providers of Data Centre and cloud solutions in Romania and present in 26 countries worldwide, announces the prioritisation of investments in equipping data centres with a range of high performance GPU powered servers plus a new range of CPU’s to provide to support the evolution of the digital environment and improve energy efficiency. The decision comes amid the evolving interest of companies in Artificial Intelligence (AI)-based solutions, which require superior computational power and data storage capacity. The company operates about 10,000 servers, located in about 31 locations around the world.
In recent years, M247 Europe has invested more than €13.5 million in IT infrastructure to enable its customers digital transformation journeys providing secure data management and connectivity solutions. Continued growth in content rich applications has driven the demand for localized storage and distribution. These characteristics have resulted in M247 announcing a 9% increase in turnover at the end of 2023 to €26.8 million.
"The investments already made in the capacity expansion of our data centres have played an important role in the evolution of M247 revenues in 2023. An important role was also played by the recruitment of a significant number of new customers from a variety of fields, against the backdrop of increased digitisation in the business environment," said Gherasim Briceag, CFO of M247 Europe.
"2024 will be shaped by the evolution of AI services. We see interest in such solutions across all industries. These technologies and impacts are still in their infancy, and we are at the bottom of the growth curve. These solutions require immense computational power and data storage capacity along with high-spec data centres with power resources to match the demands of the GPU requirements. M247 Europe is in a good position to provide customers with A! enabling solutions’" adds Martin Ford CEO, M247 International.
This year's investment by M247 is aimed at constructing new superior facilities specifically designed to support this rapidly growing market. A key consideration in this initiative is to source a higher percentage of renewable energy to support the operation of the data centres.
In 2023, M247 continued to invest in the development of high-quality data centre capacity in central Bucharest. This growth strategy continues moving forward and will address the needs of domestic as well as international organisations offering a portfolio of services ranging from single racks up to high-density private suites a long with private and public solutions with disaster recovery providing at the back-up centre in Brasov.
M247 Europe is an international ITC company based in Romania. The company has seen a steady growth in turnover over the last six years, driven by investments in hardware, software, cloud, and network systems.
Cloud solutions are among the most in-demand services, offering security and flexibility in data management at affordable costs. Moving data to the cloud has reduced companies' energy costs, as well as the need for space and investment in ITC infrastructure.
The information provided by KomuniK
Romanian film trilogy Moromeții, directed by Stere Gulea, will be presented at the 54th edition of the Rotterdam International Film Festival, taking place from January 30 to February 9, 2025. This renowned European event, which annually presents hundreds of films across more than 20 sections, will feature the three films - Moromeții (1987), Moromeții 2 […]
The Abracadabra – Secrets of Magic interactive exhibition will transform Arcub – Hanul Gabroveni in Bucharest into a magical universe starting December 27, 2024. Running until May 4, 2025, the event offers visitors the opportunity to explore a labyrinth of magic, featuring over 20 interactive attractions and more than 500 live performances by MAGITOT and […]
Romanian president Klaus Iohannis and the head of the European Commission, Ursula von der Leyen, posted messages paying homage to the 1989 Romanian Revolution, which has its 35th anniversary these days. The Revolution put an end to the communist regime in Romania. The two leaders used the occasion to warn against the dangers of far-right, […]
Henry Páll Wulff, a German citizen living in Romania and former co-chair of Volt Romania political party, emphasizes how the disparate challenges and shifting dynamics in Romania underline the importance of understanding global trends. The year 2024 brought a wave of significant elections worldwide, from the United States to Europe and beyond. Against this backdrop, […]
Social Democrat (PSD) leader Marcel Ciolacu has been appointed by president Klaus Iohannis to form the new government, with the prime minister set to request a vote of confidence from Parliament later today, December 23. Ciolacu thus returns to Victoria Palace as head of government, backed by the newly-emerged ruling coalition. The new cabinet will […]
Igor Feio, a Portuguese citizen living in Romania for over ten years, shares his view on the Constitutional Court's recent decision to cancel the first round of the presidential elections in the country. On November 24, about 9 Million people expressed their vote in the 1st round of the Presidential Elections. It was a somehow […]
