Americans Take Over Successful Zagreb Company Altus IT

Lauren Simmonds

As Lucija Spiljak/Poslovni Dnevnik writes on the 11th of September, 2020, with the acquisition of its European subsidiary Interxion, the American company Digital Realty took over the Zagreb company Altus IT, the first Croatian data centre independent of a telecom operator. This acquisition will further increase the global user presence with access to the global PlatformDIGITAL, which helps users worldwide to connect their entire digital ecosystem through a single data centre service provider.

”We believe that this is an extremely significant step further that brings our customers a stronger global presence and opens up new opportunities for growth and development. We’ll certainly use Interxion’s access to a global network of more than 280 facilities at 47 metro locations in 22 countries across six continents and established relationships with 700 telecoms, to further develop the established telecommunications hub,” said Goran Djoreski, the current director of Altus IT, which connects more than 45 telecoms, including Cogent, CenturyLink, NTT, Cloudflare, DT, A1 and others, making Altus IT the focal point of all communications between the region and Western Europe.

The company has established itself on the Croatian market as the leading independent provider of data centre services and one of the main communication hubs, and last year they earned 18.71 million kuna, with a growth compared to last year of 26.42 percent. They currently have about fifteen employees, and that number will follow future development plans, the company says. Djoreski will take over the position of Interxion’s business director in Croatia. The price of the acquisition isn’t yet known, and it is too early, they say from the company, to discuss concrete plans and investments on the Croatian market. However, the business model of Altus IT, Djoreski added, is similar to that of Interxion, so they don’t expect major changes in the continuation of business and organisational structure, and the company will continue to operate in Croatia as an independent legal entity.

Last year, in an interview with Poslovni Dnevnik, Djoreski revealed that Altus IT concluded its fourth expansion by raising its capacity by an additional 200 square metres to a total of 830 square metres, marking the beginning of a phase of accelerated cloud-based growth and preparation for even greater investment. Since back in 2012, when Altus IT initially entered the cloud business, they have become a key cloud point in Croatia, from which they now generate a quarter of their revenue. Half of their customers are various IT and digital companies, and the other half are telecoms. Four years ago, Telia Carrier placed a direct connection to the Microsoft cloud platforms Azure and Office365 at Altus, which means that in the past three years, large companies and banks haven’t needed to use Office365 over the Internet, but can optically connect to Altus IT and as such connect directly to Microsoft services. Thus, users store all their data in Croatia, and if necessary, transfer it to the Microsoft cloud and back. At Altus, both Amazon and Google have direct links to their clouds.

With this acquisition, it seems that it will try to strengthen globally, and the fact that Interxion: A Digital Realty Company, as a European independent provider of cloud data centres and collocation solutions, is a leader in the EMEA region, also supports this. It is a subsidiary of Digital Realty, which operates in 22 countries with 280 day centres on six continents. Last year, with 1,550 employees, they earned 3.2 billion US dollars, while profit was 579 million US dollars.

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