Italy: Euronext announces completion of data center migration from UK to Italy

Jun 16, 2022 | Posted by MadalineDunn

Euronext has announced it has completed its data center migration project, which involved moving its data infrastructure from the UK to Italy, (Basildon, UK, to the Aruba Global Cloud data center IT3 in Bergamo, Italy.) According to the company, the new core data center will be completely powered by renewable energy, produced largely through a large photovoltaic system and a hydroelectric unit, while also using geothermal and dynamic free cooling.

According to the company, high rent demands, and Brexit, were both significant factors that contributed to the move. “The migration is being planned in response to multiple factors, including the acquisition of the Borsa Italiana Group, the dynamic created by Brexit and a strong rationale to locate the Group’s core data center in a country where Euronext operates a large business,” the company said.

Speaking about the transition, Stéphane Boujnah, Chief Executive Officer and Chairman of the Managing Board of Euronext, said: “The migration of Euronext’s core data center to Italy, 14 months after the closing of the Borsa Italiana Group acquisition, marks a milestone in bringing back to the European Union the core data center that handles 25 percent of European trading volumes.”

Adding: “I would like to thank all our teams, our clients, and our service providers for this successful project, which will benefit the whole of the financial ecosystem while helping our clients reduce their own carbon footprints.”

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