STT GDC Philippines’ forward-thinking strategy addresses customers’ immediate operational efficiency and scalability needs, preparing them for the digital ecosystem’s evolving challenges.

SAN ANTONIO, Oct. 28, 2024 /PRNewswire/ — Frost & Sullivan recently assessed the data center services industry and, based on its findings, recognizes ST Telemedia Global Data Centers Philippines with the 2024 Competitive Strategy Leadership Award. The company currently operates seven data centers, including two projects under development, strategically located in Metro Manila, Calabarzon, and Davao. These centers have a total information technology (IT) capacity of over 150 megawatts (MW), offering end-to-end data center solutions that are purpose-built to help customers respond dynamically to the evolving digital landscape. Within this context, the company’s best-in-class, mission-critical solutions deliver reliability to Philippine enterprises and hyperscalers, thereby reinforcing the company’s strategic position in the country’s underserved data center services space.

STT GDC Philippines has expanded the capacity of three existing data centers (STT Makati, STT Cavite 1, and STT Quezon City) by a total of 5.2 MW as part of its growth strategy. This aggressive expansion serves near-term capacity by delivering reliable and robust digital infrastructure. The company also broke ground on two ambitious greenfield projects, STT Fairview data centre campus and STT Cavite 2, significantly increasing its IT capacity. The strategic relevance of these new additions stems from their carefully chosen locations, which address separate critical components of modern data center operations and business continuity.

STT Fairview, which is strategically positioned in Quezon City, offers numerous urban location strategy benefits, including unparalleled access to the metropolitan area’s advanced infrastructure and connectivity (critical for high-speed data processing and latency reduction) and unprecedented proximity to customers.

Nishchal Khorana, Vice President & Global Program Leader-ICT, Frost & Sullivan, observed, “STT GDC Philippines continues to strengthen its value proposition to drive strategic differentiation by expanding its data center presence and footprint across the Philippines.”

Carlo Malana, President and CEO of STT GDC Philippines, thanks Frost & Sullivan for the recognition, saying: “This award is a validation of our commitment to building world class data center infrastructure in the Philippines. It’s not just about recognition; it energizes our efforts to position the Philippines as a preeminent digital gateway for the Asia Pacific region. This award is a testament to the exceptional efforts of our entire team, and it motivates us to push even further as we transform the Philippines’ digital landscape.”

STT Fairview and STT Cavite collectively comprise a comprehensive solution that combines the metropolitan benefits of accessibility, infrastructure, and talent availability with the strategic advantage of regional dispersion for disaster recovery and business continuity. In addition, STT GDC Philippines focuses on a strong value proposition of consistently delivering projects on time, within budget, and with the desired results. The company demonstrates an unwavering focus on industry best practices, maintaining several industry certifications and reinforcing its commitment to operational excellence. It strives to empower a sustainable digital future by offering differentiated solutions built on scalability, resilience, and operational excellence. A clear strategic vision and execution underpin the company’s strong position in the Philippines and will facilitate sustainable growth for years to come.

“STT GDC Philippines continues to modernize its legacy facilities and commission new builds across the Philippines to address the anticipated demand from its growing customer base. It regards sustainability as a strategic imperative to future-proof data centers and continuously invests in emerging technology to enhance customer value in the Philippines,” added Sama Suwal, Best Practices Research Analyst at Frost & Sullivan.

Each year, Frost & Sullivan presents this award to the company that has developed an innovative element in a product by leveraging leading-edge technologies. The award recognizes the value-added features/benefits of the product and the increased return on investment (ROI) it gives customers, which, in turn, raises customer acquisition and overall market penetration potential.

Frost & Sullivan Best Practices Awards recognize companies in various regional and global markets for demonstrating outstanding achievement and superior performance in leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analyses, and extensive secondary research to identify best practices in the industry.

About Frost & Sullivan
For six decades, Frost & Sullivan has been world-renowned for its role in helping investors, corporate leaders, and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models, and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion.

Contact:
Tarini Singh
E:Tarini.singh@frost.com

About STT GDC Philippines

ST Telemedia Global Data Centres (Philippines) is a joint venture between the Globe Group, a leading digital solutions platform, Ayala Corporation, the Philippines’ leading conglomerate and ST Telemedia Global Data Centres (STT GDC), one of the fastest-growing data centre service providers headquartered in Singapore. STT GDC Philippines currently operates five data centres strategically located across the Philippines, with two more under construction, both set to open in 2025. This includes STT Fairview, poised to be the largest carrier-neutral data centre in the country. The company’s mission-critical solutions offer best-in-class offerings, delivering industry-leading uptime to its customers in the Philippines. For more information, please visit www.sttelemediagdc.com

FOR MEDIA QUERIES, PLEASE CONTACT:
ST Telemedia Global Data Centres Philippines
Nicole Panaligan
E: marketing@sttelemediagdc.ph

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HONG KONG, Oct. 28, 2024 /PRNewswire/ — DASH, a homegrown startup specializing in mobility and payment solutions, is pleased to announce the appointment of Mr. Samuel Sheung Shau Wu as Managing Partner and Chief Strategy Officer. Mr. Wu will spearhead the company’s strategic vision and efforts to drive sustainable transformation of Hong Kong’s traditional taxi industry.

With HK$28.5 million in government funding awarded via two separate projects, DASH has been working closely with industry stakeholders, the Hong Kong University of Science and Technology (HKUST) and the government to introduce innovative technology and solutions to address the ever-evolving needs of taxi passengers, drivers and operators in Hong Kong.

Samuel’s leadership will be instrumental in advancing our mission, as the company continues to roll out smoother and more personalized payment systems, revolutionizing how taxis operate across the city.

“I am thrilled to join DASH at this exciting time as the industry is going through a phase of digital transformation, and I look forward to contributing to the ongoing development of a truly transformative platform,” said Mr. Wu. “The opportunity to leverage my experience and work with such a dedicated team to bring sustainable change to the Hong Kong taxi industry is both an honor and a challenge I am eager to take on.”

Mr. Wu is concurrently the Chief Investment Officer of a Hong Kong-based family office, investing in international education, technology and media sectors. He previously worked in the banking industry, where he gained extensive experience in retail and corporate banking, corporate communications, operations, credit cards and payments.

He is an active investor in local Hong Kong businesses and homegrown startups, dedicating his time and effort to driving impact on the Hong Kong economy and society through his investments.

“We are excited to welcome Samuel to the team during this pivotal moment for DASH,” said Jason Ma, Managing Partner of DASH. “His wealth of experience in corporate strategy and his passion for innovation will be key drivers as we continue to transform Hong Kong’s taxi industry. With Samuel leading the charge, we are confident in our ability to revolutionize the sector by providing smarter, more efficient and user-friendly solutions for both drivers and passengers.”

About DASH

Founded in 2021, DASH is a Hong Kong-based company with the mission of revolutionizing digital and mobile interactions between consumers and merchants in the physical world, with a focus on the mobility and payment sectors. Currently, DASH is transforming Hong Kong’s taxi industry by introducing innovative solutions aimed at streamlining the mass transport experience. The company’s research and development efforts are supported by the Hong Kong government via two separate projects, with a total of HK$28.5 million funding awarded through the Smart Traffic Fund. 
(ref: https://stf.hkpc.org/cs-24-2112-ra/ and https://stf.hkpc.org/cs-87-2403-ra/).

In collaboration with HKUST School of Engineering, DASH is exploring the use of artificial intelligence to enhance taxi dispatch systems and optimize real-time operations. Since mid-2023, DASH has been piloting its technology in Lantau and Kowloon, working closely with taxi associations and fleet operation companies. The company aims to bring its services to the majority of the city’s taxis by the end of 2025.

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SOURCE DASH

A report by INSEAD and Jada Fund of Funds demystifies the complexities of valuation in the venture capital market and offers a roadmap to value early-stage companies.

SINGAPORE and ABU DHABI, UAE and FONTAINEBLEAU, France, Oct. 28, 2024 /PRNewswire/ — How do venture capital (VC) funds value their portfolio companies throughout the holding period? This is a challenging question when dealing with start-ups with little or no financial, operating or product history in emerging markets.

Claudia Zeisberger, Senior Affiliate Professor of Entrepreneurship and Family Enterprise at INSEAD and David Munro, Head of Research at 5 Quadrants, co-authored the report “VC Valuation in MENA: A Reality Check” commissioned by Jada Fund of Funds, taking a deep dive into the common methodologies employed by venture capitalists.

Based on data, surveys and interviews with experienced fund managers and investors across the Middle East and North Africa (MENA) region, the report offers insights into the policies, practices, concerns and aspirations of the participants in MENA’s rapidly developing private capital markets.

MENA’s start-up scene is rapidly reaching critical mass with tailwinds from a young demographic, ample capital and governmental support, especially in Saudi Arabia, where initiatives like Vision 2030 have made it a VC magnet. Developing knowledge of more accurate and reliable valuations would be a way to strengthen the private capital ecosystem in the promising region.

This report is timely, as the global tech sell-off of 2022-2023 brought home the importance of accurate, transparent and consistent valuation methods. Especially in the opaque world of private capital, sound valuation is fundamental to maintaining trust and transparency in the market.

At the start of the report, Zeisberger and Munro qualified that not all private capital is the same: While PE optimises a company, VC creates a company. The distinction comes with different risk levels, investment horizons, expected returns, and, more importantly, different valuation methods.

The report delves into the complexity of valuing start-ups, issues such as the proliferation of SAFE notes and ill-managed capitalisation tables, and analysis of common valuation tools such as venture valuation and comparative company analysis. More importantly, it explains why the selected tool should correspond with the stage of the start-up and how, in some cases, interviewees employ a combination of tools. In other words, valuation is more a craft than an art or a science.

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View original content:https://www.prnewswire.co.uk/news-releases/improving-valuation-accuracy-a-new-guide-for-vcs-in-mena-302285875.html