Ooni Koda
  1. Home
  2. /
  3. Newsfeed
  4. /
  5. M247 Europe: We will invest in our data...

M247 Europe: We will invest in our data centres to support the development of Artificial Intelligence solutions

May 7, 2024

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

Read in full - click here
Survey shows reformist party USR ahead in Bucharest as general mayor elections loom

A new CURS poll published on Sunday, June 29, shows that if local elections were held in Bucharest next Sunday, reformist party USR would obtain 27%, followed by the Social Democratic Party (PSD) with 22%, and far-right party Alliance for the Union of Romanians (AUR) with 18%. The National Liberal Party (PNL) comes in fourth, […]

EPPO Romania indicts three suspects allegedly linked to Italian mob in EUR 100 mln fraud case

Last week, the European Public Prosecutor’s Office (EPPO) in Bucharest indicted three individuals for an EUR 100 million fraud in a case involving both EU and national funds.  Among those indicted is an Italian citizen, alleged to be the leader of the group, which operated between 2019 and 2024. The suspect was detained on February […]

Residential building permits up 0.6% in Romania in first five months of 2025

The number of building permits for residential buildings increased by 0.6% in the first five months of 2025 compared to the same period in 2024, with 14,134 such permits issued, according to data published Monday by the National Institute of Statistics.  Increases were recorded in the Western region (+166 permits), Center (+70), North-West (+68), South-East […]

Cluj-Napoca moves to allow pets inside City Hall and local institutions

Cluj-Napoca, a major city in Romania’s Transylvania region, is taking a step toward becoming a more animal-friendly city, as a new proposal allowing pets in public institutions has been opened for public debate. Mayor Emil Boc announced the initiative, stating, “A city that is friendly to animals is a better city for people.” The draft […]

Far-right party S.O.S. Romania expels three senators, asks for its Senate group to be dissolved

The president of S.O.S. Romania, Diana Iovanovici Șoșoacă, announced on Monday, June 30, that three senators were expelled from the party, effectively disbanding the party’s group in the Senate. According to the Romanian Parliament’s regulations, a party must have more than seven members to establish a group in the Senate. With the expulsion of the […]

TikTok reportedly opens branch in Romania

Chinese social media platform TikTok has reportedly opened a branch in Romania, following public criticism, along with governmental and EU-level scrutiny, after Romania’s last presidential elections. The local company is called Tik Tok Romania, has a share capital of RON 5,000, and provides other IT-related service activities. It will be managed by Laura Andreea Savu, […]