Noel Meaney sells ownership stake in Citadel100 data centre group

11 Mar 20132.41k Views

Irish data centre and telecoms entrepreneur Noel Meaney has sold his ownership stake in Dublin-headquartered Citadel 100 Datacenters Ltd. The 50pc stake was acquired by Securus Data Property Fund, the world’s first Shariah-compliant data centre fund.

Meaney will step down as chairman and CEO of Citadel 100 (C100) but will continue in a transitional advisory role with the company.

Karl Hennessy, the current chief operations officer, will take over as CEO of the company.

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Securus is jointly managed by Keppel Data Centre Investment Management, which owns a portfolio of seven high quality data centre facilities in Europe and Asia Pacific.

The stake in C100 is the first acquisition that the Securus Fund has made since it announced a second-round capital raising of US$170m earlier this year.

C100 was founded by Meaney in 2002 and operates a 65,000 sq-foot Tier III data centre in Citywest, Dublin.

John Kennedy is an award-winning technology journalist who served as editor of Siliconrepublic.com for 17 years.

editorial@siliconrepublic.com