CtrlS pioneers India's first Tier 4 Data Center

Hyderabad, 9th February 2008: Mr. Sitaram Yechury of the CPI (M) today inaugurated India's first Tier 4 Datacenter, built by CtrlS Datacenters Ltd. at Hyderabad. Dr. J. Geeta Reddy, Minister for Major Industries, Sugar, Commerce and Exports Promotion, Andhra Pradesh was the guest of honour on the occasion.

CtrlS Datacenters Ltd. is promoted by the Rs. 500 Crore Pioneer Group along with other investors. The Hyderabad based group has over the last 15 years, provided IT Services, IT Consulting, Internet Services and IT Infrastructure to customers across the country. Speaking to the press, Mr. P. Sridhar Reddy, CMD of CtrlS said, "We have been in the IT industry for the last 15 years, growing by more than 100% every year and believe that this is the right time to invest in the datacenter business."

CtrlS plans to establish more than 7 lakh Sq. feet of green datacenter space across the country in the next five years. Whereas all the existing datacenters in the country are Tier 2 and Tier 3, CtrlS is building only Tier 4 datacenters, which are the highest category of datacenters anywhere in the world. According to Mr. P. Sridhar Reddy, a Tier 4 datacenter with its 99.995% availability, provides the highest levels of performance for mission-critical IT systems.

The Hyderabad facility of CtrlS can host up to 1,000 racks of servers. The company has firmed up plans to expand to Bangalore, Mumbai, Chennai, New Delhi and other cities, building a capacity to host up to 20,000 racks. The company is planning to invest more than Rs. 200 Crore over the next twelve months, and expects to have more than 1,000 employees in the next five years.

Mr. P. Sridhar Reddy further added "With our IT background, support of the investors, a highly experienced and talented team, we are confident of achieving our targets by building the world's best datacenters here in India. Our datacenter services team has been involved in setting up IT infrastructure in the country from the very beginning, right from the mainframe era to the latest cutting-edge, green datacenters. We strongly believe that the Indian customer wants the best in the world, and not the inadequate Tier 3 datacenters that are currently available."

The Pioneer Group is associated with the $ 33 Billion Och-Ziff Capital, New York, which is amongst the top 5 hedge funds in the world, and with IDBI, the premier Indian financial institution. CtrlS has already signed up more than 10 customers, including a $ 125 Billion, US global telecom giant.

About CtrlS

CtrlS Datacenters Ltd. is promoted by the Rs. 500 Crore Pioneer Group along with IDBI and Och-Ziff, a New-York based global Top 5 hedge fund. The Pioneer Group has interests in IT and Property Development, and has existing relationships with 20 of the top 100 companies in India.

CtrlS has been incorporated as a 100% subsidiary of the group company to handle the Internet Datacenter business. The CtrlS Datacenters serve large multinational customers that use the Internet as the predominant delivery medium.

With a specialization in the design, build, and management of business critical Web infrastructure, CtrlS help companies reduce the cost, complexity and risks associated with maintaining web and online environments.