Corporate News
KDN eyes data storage service to boost revenues
Located at Sameer Park, off Mombasa Road, the KDN data centre is proposed for hosting data and software applications to serve international and local businesses. The centre will cut gas emissions and energy use through an improved architectural design and use of latest solar-power technology to provide the energy requirements of the facility. Photo | Courtesy
Posted Thursday, February 2 2012 at 15:14
Kenya Data Networks (KDN) will Friday unveil a data storage facility that is expected to open a new revenue stream to the firm and boost its earnings that has experienced a drop in the past one year.
In September last year, KDN opened the facility for viewing by the prospective clients, however Friday’s launch now paves way for firms to start leasing storage capacity at the facility.
Located at Sameer Park, off Mombasa Road, the data centre is proposed for hosting data and software applications to serve international and local businesses.
It is expected that the centre will relieve the region from having to seek data back-up services in Europe and America.
“The new facilities will not only enable firms to cut cost on their data storage but it widen our revenue stream as a company,” said Mr Atul Chartuvedi, the Chief Commercial Officer KDN.
KDN’s main source of revenue at the moment remains leasing internet capacity to corporate firms after it moved away from offering internet connection to individual users in 2010 citing conflict of interest with its clients.
The firm reported a drop in revenue from Sh3.2 billion to Sh2.1 billion for the six months ended August 31, while operating profit dropped from Sh657.2 million to Sh12.6 million in the period under review.
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