Welsh datacentre firm acquired for millions

A datacentre company based in Newport has been acquired in a deal worth millions. Next Generation Data, which operates the biggest datacentre in Europe, has been bought by InfraVia Partners. The exact financial details of the deal haven’t been unveiled by the firms, but it’s thought to be near £100m. NDG’s founders Simon Taylor and...

Why performance appraisals are dead – turning to tech

It’s hard to know what is happening in the HR world. One minute we are being told that appraisals are dead, with the CIPD reporting in 2015 that 2/3 of businesses want to restructure the process and 1 in 20 businesses are planning to scrap appraisals altogether. Skip forward 12 months, and the CIPD are reporting...

Venturefest returns to Wales for a third year

Venturefest, an event targeted at SMEs, has announced it’ll be returning to Wales’s Swalec Stadium in Cardiff on September 28th. This year’s event will focus on helping firms break through common business barriers and connect with academics, entrepreneurs and innovators to create meaningful partnerships. Having conducted market research beforehand, the event’s organisers have decided to focus the...

Nudjed closes £350,000 funding round

Health data company Nudjed has closed a £350,000 funding round in a bid to disrupt the booming medtech market. The firm has welcomed Pragmatica to its investment pool and has also received further backing from Finance Wales, the Welsh Government’s investment arm. For the last twelve months, the start-up has been expanding its work in...

Million pound investment for Welsh innovation centre

Caerphilly-based Innovation centre Welsh ICE is expanding its start-up community with the purchase of a nearing building for £1 million. The acquisition will see the firm expand its floor space to more than 27,500 square ft, allowing it to increase its capacity and offer more memberships to entrepreneurs. There are already 120 members working from the...

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