SÃO PAULO, Sept. 23, 2024 /PRNewswire/ — Scala Data Centers, the leading hyperscale sustainable data center platform in Latin America, is pleased to announce the successful completion of $500 million in structured financing. The investment includes $250 million from Coatue Tactical Solutions and $250M from the Investment Management Corporation of Ontario (“IMCO”).

The funds will be used to accelerate Scala’s expansion across Latin America to support the compounding growth of cloud and AI.  In addition, Scala will continue to invest in technology innovation and maintain its commitment to sustainability.    

“We are thrilled to welcome Coatue and IMCO and honored by their choice of Scala,” said Marcos Peigo, CEO and co-founder of Scala Data Centers. “Their support is a powerful endorsement of our vision and the relentless dedication of our team. This investment and their partnership will allow Scala to further accelerate our development of next-generation infrastructure to support the continued adoption of cloud and AI technologies in the region.”  

Coatue’s Investment Thesis: Capturing the AI Opportunity

Coatue Management, a leading technology-focused investment firm, brings extensive expertise in the AI, digital infrastructure and big tech ecosystems. Their investment in Scala Data Centers highlights the potential for infrastructure to drive AI-driven innovation within the region and around the world. Scala’s state-of-the-art data centers are strategically positioned to support the burgeoning demand for AI and digital services in Brazil, Latin America, and beyond.

“Scala Data Centers has emerged as a regional leader in hyperscale data centers and is at the forefront of the digital revolution in Latin America,” said Malachi Price, Partner at Coatue. “Our investment reflects our belief in Scala’s ability to capture the AI opportunity and drive further digitization in the region. We are excited to support Scala’s mission to provide cutting-edge, sustainable data center solutions,” said Robert Yin, Partner at Coatue.

IMCO’s Strategic Investment: A Testament to Sustainable Growth

IMCO, one of Canada’s largest institutional investors, has a long-term view and a proven track record of investing in companies that demonstrate a commitment to sustainability and solid financial performance. This significant investment underscores IMCO’s confidence in the opportunity for Scala Data Centers to drive digital transformation across Latin America and expands IMCO’s digital infrastructure strategy in a high-growth region.

“As a long-term investor, IMCO seeks sustainability and growth as key investment attributes for our digital infrastructure portfolio. Scala has this rare combination and represents the kind of world class asset IMCO invests in,” said Fred Robert, Managing Director, Digital Infrastructure, IMCO. “Leveraging abundant hydro power in Brazil, Scala positions itself as an industry leader in sustainability within the datacenter sector.  We expect this differentiator to drive its continued success with hyperscalers in the region.”

About Scala Data Centers  

Scala Data Centers is the leading sustainable data center platform in the Latin America hyperscale market. Based in Brazil and backed by DigitalBridge, it was developed to meet and exceed the growing demand for digital access in countries like Brazil, Chile, Mexico and Colombia. Scala has one of the largest portfolio of secured power and land in the region, surpassing 1 GW of critical capacity and a highly qualified team of over 1,100 professionals, applying a flexible and innovative approach to delivering state-of-the-art data center infrastructure for Hyperscale customers, cloud and content providers. Our CoE (Center of Excellence) provides customized solutions for each client with mission critical availability, best in class energy and water efficiency, and evolving high densities capable of supporting the Artificial Intelligence workloads. All this is combined with best sustainability practices guided by our ESG (Environmental, Social, Governance) program. For more information, visit https://scaladatacenters.com/en/.

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SOURCE Scala Data Centers

ATLANTA, Sept. 23, 2024 /PRNewswire/ — HFCL Limited (HFCL), a leading Indian technology enterprise renowned for its state-of-the-art telecommunication and defence solutions, is proud to announce its strategic partnership with General Atomics Aeronautical Systems Incorporated (GA-ASI). In a significant development that underscores HFCL’s technical prowess and commitment, the Company has been selected to develop and supply critical sub systems for GA-ASI’s advanced Unmanned Aircraft Systems (UAS). This partnership marks a milestone in HFCL’s journey, as it becomes a key contributor to one of the world’s most sophisticated unmanned aerial vehicles (UAVs).

The collaboration envisions development of critical sub-systems for GA-ASI’s current and future UAV platforms reflecting India’s growing investment in advanced defence technologies. HFCL’s selection as a high-technology supplier by GA-ASI is a testament to its cutting-edge research and development capabilities, which meet the stringent design, development, and delivery timelines required for this critical project.

A critical radar sub-system is being developed by HFCL for UAVs showcasing HFCL’s technical excellence. This key payload component is known for its compact and lightweight design and adheres to the highest environmental and MIL-STD specifications. HFCL’s products have consistently proven their durability and performance in the most challenging operational environments, solidifying the Company’s reputation as a leader in defence technology.

HFCL’s subsidiary namely Raddef, a front-runner in developing advanced radar and RF solutions, has been instrumental in driving innovation in the defence sector. The Company’s comprehensive range of surveillance radars, which are versatile, portable, and deployable across various terrains, is already well-regarded in the industry. Furthermore, HFCL is actively developing a state-of-the-art Drone Detection Radar, set to become a crucial element in modern drone detection systems. The Company’s ongoing R&D initiatives encompass a wide array of radar technologies, including Ground Surveillance Radars, Weather Radars, Threat Emulators, LTE-based Passive Radars, Fog and Foliage Penetration Radars, Coastal Surveillance Radars, Avalanche Detection Radars, Muzzle Velocity Radars and Altimeters.

Mr. Mahendra Nahata, Managing Director of HFCL, commented on this significant achievement, “We at HFCL have always been at the forefront of innovation, dedicated to enhancing national security through indigenous technology solutions. Our selection by General Atomics Aeronautical Systems Incorporated to develop critical sub-systems for the UAVs is a proud moment for us and reflects our unwavering commitment to the Make in India initiative. These drones, with their versatile applications, symbolize our resolve to contribute to the defence forces with cutting-edge technology. Our partnership with General Atomics reinforces HFCL’s position as a trusted partner in the global defence landscape and underscores our dedication to supporting India’s defence modernization efforts.”

As India continues to rise as a global military power, accounting for 3.7% of worldwide military spending, HFCL is poised to lead innovation in the Indian defence technology space. Through its indigenous innovations and strategic collaborations, HFCL is committed to contributing to the modernization of India’s military capabilities, aligning with the Government’s Make in India policy and furthering the nation’s security and defence objectives.

This landmark alliance with General Atomics not only elevates HFCL’s standing in the global defence industry but also strengthens its commitment to delivering cutting-edge technology solutions that helps nations safeguarding and support their strategic goals.

About HFCL

HFCL is a leading technology company specialising in creating digital networks for telcos, enterprises and governments. Over the years, HFCL has emerged as a trusted partner offering sustainable high-tech solutions with a commitment to provide the latest technology products to its customers. Our strong R&D expertise coupled with our global system integration services and decades of experience in fiber optics enable us to deliver innovative digital network solutions required for the most advanced networks.

The Company’s in-house R&D Centers located at Gurgaon, Bengaluru and Hyderabad along with invested R&D houses and other R&D collaborators at different locations in India and abroad, innovate a futuristic range of technology products and solutions. HFCL has developed capabilities to provide premium quality Optical Fiber and Optical Fiber Cables, state- of-the-art telecom products including 5G Radio Access Network (RAN) products, 5G Transport Products, Wi-Fi Systems (Wi-Fi 6, Wi-Fi 7), Unlicensed Band Radios, Switches, Routers and Defence electronics products.

The Company has state-of-the-art Optical Fiber and Optical Fiber Cable manufacturing plants at Hyderabad, Optical Fiber Cable manufacturing plant in Goa and in its subsidiary HTL Limited at Chennai.

HFCL is a partner of choice for its customers across India, Europe, Asia Pacific, Middle East, Africa and USA. HFCL’s commitment to quality and environmental sustainability inspires it to innovate solutions for the ever-evolving customer needs.

Visit www.hfcl.com for more information.

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SOURCE HFCL

Whether you are a first-time visitor or long-time resident, Hallandale Eats promises an unforgettable culinary adventure

HALLANDALE BEACH, Fla., Sept. 23, 2024 /PRNewswire/ — The City of Hallandale Beach and the Hallandale Beach Community Redevelopment Agency proudly announce the Hallandale Eats restaurant weeks will be extended through Sunday, October 13, 2024.

“The Hallandale Eats program has become a cornerstone of our city’s efforts to boost economic development and we’re thrilled by the overwhelming response from restaurant goers, prompting us to extend the program for an extra two weeks,” said Faith Phinn, Deputy Executive Director of the Hallandale CRA. “The extended event allows even more people to experience Hallandale’s incredible culinary offerings and enjoy exclusive deals and special menus, while directly benefiting our small businesses.”

Since the start on September 16, more than 20 participating restaurants have been featuring pre-fixed menus, special deals, and discounts available for dine-in, to-go, or delivery services. The extended restaurant weeks allow diners to experience more Hallandale Beach eateries and destinations throughout the City like Atlantic Village, District 8, and Gulfstream Park.

Now in its third edition, this year’s month-long event has introduced several new perks to enhance the dining experience, including Uber/Lyft codes available in select areas for easy and affordable transportation, as well as the City’s free transportation on the Cloud, one of the largest zero emission electric bus fleets in South Florida, with convenient drop-off points near participating restaurants.

Restaurant goers can also scan QR codes displayed at each restaurant to log their visits in a digital passport. The more restaurants visited during Hallandale Eats, the more chances to win a prize!

Participating Restaurants:

7 Spices Restaurant & Café – 701 N Federal Highway, Suite 101Amsterdam Hallandale -100 S. Federal HighwayArahova Milano’s – 613W Hallandale Beach Blvd, Unit 7Casa Crudo – 601 N Federal Highway, Suite 109Crema Gourmet Espresso Bar – 701 N. Federal HighwayDr. Limón Ceviche Bar – 801 N Federal Highway Suite 107El TAYTA Peruvian Restaurant – 1721 E Hallandale Beach BlvdFlashback Diner – 220 S Federal HighwayGioia Italy – 701 N Federal Highway, Suite 112Holyshakes – 601 N Federal Highway, Suite 110Juice Mafia – 801 N Federal HighwayMarash Turkish Cuisine – 710 W Hallandale Beach Blvd, Suite 106Marcos Pizza – 701 W Hallandale Beach BlvdMatteos Trattoria -1825 E Hallandale Beach BlvdMitch’s Downtown Bagel Café – 601 North Federal Highway, Suite 112Moises Bakery – 115 E Hallandale Beach BlvdPastinos Pastas & Vinos – 645 W Hallandale Beach Blvd Suite 101Piola -1703 E Hallandale Beach Blvd.The Blues Burgers – 5150 NW 99th AveThe Juicy Seafood – 1430 E. Hallandale Beach BlvdThe Wagyu House by Meat N’ Bone – 601 N Federal Highway, Suite 113Tu Pizza – 800 E Hallandale Beach Blvd, Suite 26Wapo Taco – 1955 E Hallandale Beach Blvd, Suite 1Yardhouse – 601 Silks Run, Suite 1490

For more information about the participating restaurants and to view their Hallandale Eats offers, please visit https://bit.ly/HallandaleEats2024.

About the Hallandale Beach Community Redevelopment Agency
The mission of the Hallandale Beach CRA is to promote economic development and enhance the quality of life by eliminating and preventing blighted conditions through the facilitation of community partnerships, business growth, job creation, and neighborhood rehabilitation. For more information, please visit https://cohbcra.org.

About the City of Hallandale Beach
The City of Hallandale Beach is dedicated to enhancing the quality of life of the community in a fiscally responsible manner by providing superior services that meet the needs of our residents and businesses, as well as planning for their future needs through continued communication. For more information, please visit https://www.cohb.org.

Media Contact: Aimee Adler Cooke, 561-302-6902, aimee@conceptualpr.com

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SOURCE Hallandale Beach CRA