Singapore was ranked the third safest place in Asia to site data centres, according to a Data Centre Risk Index report released in June. The ease of doing business here is one reason for Singapore's rank.
The American tech firm IO will sharply increase its investment here as it moves to make Singapore the centre of its operations across the Asia-Pacific - and eventually the world.
Chief executive George Slessman said on Wednesday that it is ready to spend up to S$70 million (US$56 million) more in developing its base here.
That expenditure will come on top of the S$30 million (US$24 million) it has already put into a new data centre that it officially opened in Ang Mo Kio on Wednesday.
Tagged in:
A hub for Asia-Pacific Business
American tech firm IO
Bank and Financial Institutions
Company Investment in Singapore
Data Centre Risk Index Report
Economic Development Board EDB
Equinix
Gateway to Asia-Pacific
Global Operations
Infocomm Development Authority of Singapore
JTC Corporation
Keppel Data Centres Holdings
New data centre in Ang Mo Kio