KUALA LUMPUR, Oct 14 -- STACK Infrastructure (STACK), a digital infrastructure partner to many of the world’s most innovative companies, announced its international expansion to the Asia Pacific region with the opening of Singapore regional headquarters.
STACK is sponsored by IPI Partners (IPI), a global investment platform with over US$5.25 billion in total equity commitments specialising in acquiring, developing, leasing, and operating critical digital infrastructure assets to serve the needs of large, high-quality technology companies globally. (US$1 = RM4.150)
According to a statement, STACK intends to initially target Tokyo and Osaka, with plans to enter Singapore, Hong Kong, South Korea, Australia, and other Asia Pacific markets shortly thereafter, through a combination of acquisitions and organic development in partnership with landowners and real estate platforms.
In connection with the expansion, IPI and STACK are pleased to announce that Pithambar (Preet) Gona has joined STACK as Chief Executive Officer, Asia Pacific to lead the execution of the company’s growth strategy in the region.
“We have a great opportunity to further build on STACK’s success with this expansion and we are confident that STACK’s industry leading platform, together with Preet’s leadership and experience in the region is a winning combination,” said Partner at IPI, Matt A’Hearn.
Meanwhile, Gona said: “I am excited by the opportunity to leverage STACK’s tremendous success in North America, which we look to replicate in the Asia Pacific region. Our focus is on building a world class team by being an employer of choice in the industry and assisting our customers in navigating the unique development and operating challenges in the region.”
In addition, Tom Duncan also recently joined STACK Asia Pacific and will lead business development, further extending STACK’s unique partnership model with landowners and other real estate platforms in order to strengthen customer relationships in the region.
The executive team will be based in Singapore with local development professionals already hired in key target markets.
-- BERNAMA
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