The company, which opened its 248,000 square-foot facility in the Republic in late September, hopes to sell "over 30 percent" of the floor space in its first year of operation. It also offers services such as data co-location, hosting and storage as well as technical support.
Global Switch Asia Pacific managing director Rob Kelly's optimism comes on the back of "an increasing trend in outsourcing led by multinationals" in the period following the September 11 terrorist incident.
The tragedy has "broadened" Global Switch's customer base from the traditional telecommunications firms and Internet service providers to include corporations such as financial institutions, Kelly claimed.
He declined to reveal revenue and profit targets.
To date, Global Switch's S$105 million local facility has secured contracts from three telecommunications firms--one of which is Asia Global Crossing Ltd, Kelly noted at a press briefing today.
The three customers combined will occupy about 20 percent or 49,600 square feet of the total floor area at Tai Seng Avenue, he said, adding that each contract lasts for at least 10 years.
Global Switch is also in "discussion" with potential customers--most of which are corporations--to lease out an additional 10 percent or 24,800 sq-feet of floor space, Kelly said.
He would not reveal the identities of the remaining two customers, nor further details about the potential deals.
Founded in the UK in 1998, Global Switch has another regional data center is in Sydney. Outside of the region, the company has 10 facilities in Europe and the Americas. As Global Switch is not backed by any carrier, customers can choose to buy bandwidth from a service provider of their choice.
In October, the company raised 100 million euros (US$89 million) through Deutsche Bank AG. This came after raising 270 million euros (US$240 million) through The Royal Bank of Scotland in February.
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