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News >> Technology >>
HSBC abandons datacenter plans
By siliconindia
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Wednesday, 23 December 2009, 00:43 IST
Bangalore: In February HSBC was granted permission to start the building of a new $300 million datacenter in York, England. However, HSBC has abandoned its plans for this expansion, reports Waters News.
The proposed 325,000 square-foot campus was planned for completion by the end of 2010 or early 2011, and the the York site would've been paired with another datacenter in Yorkshire. But since the bank felt that it could fulfill its current data-storage needs with its current network of datacenters, it dropped the plan.
"We have determined that we can meet our foreseeable short and medium-term European business needs with this expanded capacity and through better utilization of our global data center network," Chief Technology and Services Officer Ken Harvey said.