Colt to provide energy efficient data centre services from Verne Global's Iceland data centre

KEFLAVIK, Iceland, June 21, 2012 /PRNewswire/ -- Verne Global, an innovative, UK-based developer of power conscious data centre campuses, today announced that Colt, the information delivery platform for European businesses, has signed an agreement for data centre capacity, powered by 100% renewable sources, at its Keflavik data centre campus. By establishing a presence within Verne Global's Icelandic data centre, Colt is leveraging long term fixed price power agreements and enhancing its portfolio with 100% carbon free data centre services.

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"Colt works very closely with our customers and partners to continually improve sustainability across all of our data centre assets and modular data centre builds," said Bernard Geoghegan, Executive Vice President at Colt. "As the market continues to evolve, finding innovative methods to reduce the cost and environmental impact of the data centre industry is of tremendous importance and we believe that Verne Global offers a compelling value proposition to Colt and our customers."

"Colt is a recognised player in delivering data center services to the marketplace and we are thrilled to have them locate at the Verne Global campus," said Jeff Monroe, CEO of Verne Global. "It is clear that the industry is responding to Verne Global's value proposition and we appreciate the trust and partnership of companies like Colt as we continue to expand our customer portfolio."

About Colt:

Colt is the information delivery platform for Europe, enabling its customers to deliver, share, process and store their vital business information. An established leader in delivering integrated computing and network services to major organisations, midsized businesses and wholesale customers, Colt operates a 21-country, 35,000km network that includes metropolitan area networks in 39 major European cities with direct fibre connections into 18,000 buildings and 19 Colt data centres.

In 2010, the Colt Data Centre Services business was launched to deliver innovative high quality modular data centres which are rapid to deploy and power efficient.

Colt is listed on the London Stock Exchange (COLT). Information about Colt and its services can be found at www.colt.net.

About Verne Global:

Verne Global is developing the data center industry's first carbon neutral data center campus.  Verne's mission is to develop data centers in optimized geographic areas that offer companies the best total cost of ownership and 100% renewable power without a price premium. Currently in the first stage of development, Verne Global is constructing a 44 acre campus on the former NATO Command Center in Keflavik, Iceland. With Iceland's favorable natural attributes and renewable energy resources, Verne Global can save customers as much as $100 million in ten years on energy costs alone. For more information, please visit http://verneglobal.com.

SOURCE Verne Global