Database software vendor OSI Software has purchased a small incubator-funded data centre based in Perth.
WiredCity, a 340 square metre data centre, has been operating out of Perth for 12 months after being funded by Gippsland, an ASX-listed incubator. California-based OSI Software, which develops data monitoring software for large mining and chemical companies such as BHP and Esso, purchased the data centre from Gippsland for $400,000.
The relationship came about after Chris Farquhar, founder and CEO of WiredCity, developed a monitoring system for the data centre based on OSI software, one of his previous employers. OSI then became interested in some co-development opportunities, as well as a move into the data centre space.
Farquhar said Gippsland was only too keen to divest the data centre business, as the equity market has become too hard in recent times. At the same time, he has no concerns about what OSI intends to achieve out of the acquisition. He will remain CEO of WiredCity, which will still operate under the same name.
"They don't want us to change our business plan," he said. "They are interested in both making money in the data centre space and in future co-development.