XBT holding, a global provider of dedicated servers, colocation, cloud, shared and VPS hosting, with over 16,000 servers under management through seven subsidiaries, announced the relocation of their headquarters from Cyprus to Luxembourg. The decision was determined by the favorable economic conditions, constantly increased investment in the development of ICT and facilitated equity funds.
Luxembourg is familiar territory for the holding due to its 2012 acquisition server.lu, one of the largest hosting providers in the country. One of the main advantages of Luxembourg would be ICT infrastructure of the country , which is continually developed by its government. The country ranks 5 e from 72 countries around the world on broadband leadership table and ranks in the top ten as the ICT Development Index (IDI).
In addition, a flexible income system and the newly adopted style Anglo-Saxon-Partnership, would make for an ideal environment from which XBT Holding be able to continue optimizing and expanding their equity financing campaign.
Webzilla, ColocateUSA
"We recognized the valuable IT resources the country has to offer and decided to relocate our headquarters," said Rajesh Kumar Mishra, CFO XBT holding SA "ICT infrastructure in Luxembourg is ranked as one of the best in the world. Moreover, we are convinced that the vigorous development of the iT sector, supported by the continuous inflow of investments, will maintain its leading position in the future. As an added benefit, Luxembourg not only provides easy access to equity funds, but also simplifies the process of sustainable development of relations B2B ".
XBT Holding subsidiaries include ColocateUSA.com, Universal CDN and Webzilla, a global provider of managed dedicated servers, cloud servers and CDN. XBT operates a network exclusive worldwide through five neutral medium data centers and 13 points of presence in the United States, Europe and Asia. The network provides international connectivity with a bandwidth capacity of up to 1.5 Tbps.
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