Patrick L Young Joins dce Board as Non-Executive Director

Patrick L Young Joins dce Board as Non-Executive Director 1 Nov, 2012

Innovative data centre solutions provider continues rapid expansion

London, UK, 30 October 2012: data city exchange (dce), the innovative data centre solutions provider, has announced the appointment of Patrick L Young to the board of directors in the capacity of non-executive director. Mr Young joins the board at dce during a period of significant growth and brings with him considerable experience in the technology and finance sectors.

An entrepreneur and financial innovator, Mr Young is active in both mature and emerging markets globally. He has previously held the positions of CEO at the Romanian SIBEX Exchange and as a director of a private equity fund. In addition to this he has ben involved with brokerage and trading operations throughout the world, as well as having various media interests.

Young also currently sits on the board of Liquidnet Europe as well as his own ventures in Poland.  He organises Young Markets, an annual conference on the future of finance and investment innovation.

Speaking on the appointment, John Eland, CEO and co-founder, dce, said: “We’re delighted to welcome someone of Patrick’s experience and calibre to the board of directors. He has demonstrated through a varied and distinguished career an ability to spot emerging trends and to capitalise on these opportunities to great effect. His advice and guidance during this stage of dce’s development is proving to be invaluable as we look to challenge established market players in the data centre sector.”

dce will also benefit from Mr Young’s experience and extensive network of contacts in private equity markets as they look to secure capital in order to expand their network of data centres with proposed new sites across Europe, the Middle East and the USA.

“The volumes of data being consumed are expanding at an exponential rate in what has become a truly digital age. Organisations are faced with the challenge of finding more sustainable solutions to store core data and its increasing range of diverse data by-products,” explained Mr Young.  “I am delighted that data city exchange has devised an energy efficient, compact and scalable solution, to the data needs of everybody from the SME to the multinational corporation.”

“An ever increasing amount of businesses are becoming more reliant on large volumes of data and this is a sector that is experiencing a period of rapid growth and innovation. This is a fascinating era and I firmly believe that dce are at the forefront of a magnificent world of opportunity,” he added.