In August 2018, Next Capital completed an investment in iseek Communications (“iseek”), a Brisbane based independent data storage provider. iseek specialises in data centre, cloud and managed connectivity services and currently operates three data centres (two in QLD and one in NSW) servicing a diversified group of enterprise, government and hyperscale customers. The business has two additional greenfield facilities to be imminently developed to help service the growing industry demand for outsourced data storage solutions.

Investment highlights include:

• iseek’s market leading position in Queensland and strong presence in Sydney
• Strong industry trends driven by continuing outsourcing of data storage and migration to cloud
• Material growth prospects associated with two greenfield sites underpinned by strong demand from key enterprise, government and hyperscale customers
• Highly experienced and proven management team well regarded in the industry