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NextDC Ltd (ASX: NXT) Share Price and News

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NextDC Ltd (ASX:NXT) is Australia’s leading independent operator of data centres. It has a network of nine data centres located across Sydney, Melbourne, Brisbane, Perth, and Canberra. NextDC also operates a partner ecosystem with in excess of 640 clouds, networks and specialty service providers located across the globe.

NextDC’s nationwide network of Tier III and Tier IV facilities provides enterprise-class services to a wide range of Australian and international customers including government departments and critical infrastructure businesses. Notable Australian clients have included Optus, Australia Post and Pacnet. The company prides itself on the ability to deliver global standards that adhere to the highest levels of security and energy efficiency.

Established in 2010, NextDC was founded by Australian IT entrepreneur Bevan Slattery who was also behind the set-up of Megaport Ltd (ASX: MP1). The company began with a data centre in Melbourne and Brisbane but began acquiring additional properties in its second year of operation.

2013 marked the retirement of Mr Slattery as well as the company signing a channel partner agreement with Telstra Corporation Ltd (ASX: TLS). DextDC also has partner agreements with Amazon.com, Inc (NASDAQ: AMZN), Microsoft Corporation (NASDAQ: MSFT) and Oracle Corporation.

The company first listed on the ASX in 2010 and in June 2020, after only 10 years of operation, the rising NextDC share price saw the company join the ASX 100.

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