Latest BroadBand Venture Partners News
Sep 5, 2013
Tweet A KyotoCooling wheel being installed in the BendBroadband data center in Oregon. KyotoCooling has been acquired by Cloudsite Development. (Photo: Bend Broadband) Cloudsite Development has acquired a controlling interest in KyotoCooling B.V., a provider of cooling solutions known for its “heat wheel” approach to air economization. Cloudsite has been a long-time partner of KyotoCooling, and was the first data center customer to install its technology in Asia. Cloudsite has named Earl Hoover as the new President and Managing Director of KyotoCooling. Cloudsite Development is a Dallas-based investment company founded in 2009 by John Drossos and Leslie Alexander. Drossos is the founder of Dallas private equity firm Broadband Venture Partners, and Alexander is the owner of the Houston Rockets NBA basketball team. Cloudsite is developing data centers in the United States and China. The first Cloudsite data center is currently being developed in Tianjian, China in cooperation with the Tianjin Economic Technological Development Area. “KyotoCooling has become the focal point of our data center facility solutions, and we see the market for waterless, airside cooling solutions to be rapidly growing and very attractive from an investment standpoint” said Drossos, the CEO of Cloudsite. “We welcome the investment from Cloudsite, which further strengthens our financial position and allows us to grow our market presence worldwide”, said Pedro Matser, Principle of KyotoCooling B.V. “These new funds will be used to expand sales and marketing efforts and accelerate growth in the European and Asia-Pacific markets.” In connection with the Cloudsite investment, KyotoCooling has entered into a licensing agreement providing cooling manufacturer Air Enterprises with the right to market and sell KyotoCooling technology throughout North America. “Uniting KyotoCooling and Air Enterprises will revolutionize the data center cooling industry,” said Martin Ellis, CEO of Air Enterprises. “This strategic partnership will combine KyotoCooling’s research and development expertise with the engineering, manufacturing and project management skills of Air Enterprises, and enable us to deliver the leading data center cooling solution to the North American market.” KyotoCooling uses outside air economization and the Kyoto Wheel to adjust temperatures within the data center while minimizing the effect of outside contaminates. There are now 76 installations located in 10 countries using the patented technology. KyotoCooling B.V. was founded in 2007 is based in Amersfoort, The Netherlands.
BroadBand Venture Partners Team
3 Team Members
BroadBand Venture Partners has 3 team members, including current Chief Executive Officer, Michael C Morey.