The World Bank Group’s International Finance Corporation (IFC) has signed a new financing tranche of US$35 million (approximately R$168 million) to aid in the expansion of Brazilian data centre services provider support ODATA. The contribution will be used to finance the construction and operation of another data centre in Querétaro, Mexico. The company opened its fir...

Private equity real estate investment firm Menlo Equities said it closed its latest investment fund, Menlo Realty Partners VI (MRP VI) on June 30, 2022. The fund was oversubscribed with equity capital commitments of US$211 million, exceeding the initial fundraising target of US$175 million. The trancher secured commitments from a broad range of limited partners that incl...

The Metaverse can perhaps best be described as a direction of travel. A journey several major players in the software field have embarked upon and are in the process of investing very substantial sums of money in bringing into existence. There is some vague agreement about the destination, what the metaverse might be,  but very little detail about how to get there or when...