As we close the doors on yet another record-beating year at Netwise, we can now take a look back at the last 12 months of change and development, which have been host to major leaps forward in a wide range of areas within the organisation.
We always knew that 2024 would be a big year, and we were not wrong. In the last 12 months, we have made great strides in the development of our London East facility, which continues to grow into one of London’s most compelling independent data centre offerings.
Here are some of the headlines from 2024:
- Netwise turned 15 – having been founded in 2009, Netwise turned 15 in 2024, which is a great milestone and a testament to the unwavering stability of the organisation.
- We fully deployed Data Hall 4 – Data Hall 4 reached completion in early 2024, allowing for continued client deployments throughout the year. The build process for Data Hall 4 can be found on our #BuildBlog.
- The deployment of Data Hall 3 began – in the closing stages of 2024, we began pre-stage works on Data Hall 3, which is the final hall for deployment in the current footprint at London East (ahead of the large-scale expansion in 2025). This will be the final hall as part of the Phase 2 development cycle, and will be documented on our #BuildBlog in the coming months.
- We closed NLC in the summer – the summer of 2024 saw the closure of our legacy site in Bermondsey, Netwise London Central. This was a very large project that had been under planning for many months prior to execution, resulting in an extremely smooth closure process once the work schedule began. This included extensive decommissioning works, while also continuing with the Phase 2 development schedule at London East.
- We migrated all live systems from NLC to NLE – as part of the NLC closure, we migrated all client systems from NLC to NLE. This was a very complex operation spanning eight evenings in total, with the entire operation being completed extremely smoothly, thanks to the extensive planning phase, and the in-house expertise of our world-class team. In total, 126 enclosures were moved out of NLC.
- We upgraded our core network – all of our on-net nodes received an extensive upgrade in the first half of the year, increasing overall capacity and improving performance for clients that utilise our world-class transit network.
- Lee Smith joined as Junior Engineer – in Q4, we expanded our team with the joining of Lee, our new Junior Engineer, who is already and integral part of our in-house electrical engineering team. Expect a full introductory post very soon.
- The NLE expansion project officially started in Q4 – very late in 2024, we broke ground on the next phase of development at NLE. The installation of the mezzanine structure within the new footprint began in December – you can expect plenty of #BuildBlog updates as Phase 3 progresses in 2025.
- Works began on the full redevelopment of our customer portal – we have big plans for our customer portal in 2025 and beyond, as we begin a full rework of the UI/UX. We’ve teamed up with the same outfit behind our company rebrand and main website redesign from 2019 for this project, and we hope to have more news on this later in the year. The design of this new portal began in the closing stages of 2024, as a collaborative project including our development team.
Aside to the somewhat unique task of closing NLC, the main focus of the year has absolutely centred around the continued expansion of our flagship data centre, NLE. This likely comes as no real surprise, given the pace at which our services are being taken up in the market, and the unabating growth within the sector as a whole. Our current forecasting sees no slow up in this ongoing trend, and as such we will continue to invest heavily in our future at NLE and beyond.
Looking past the more tangible projects in 2024, financial performance has again been exceptionally positive, which further solidifies our position as a leader in the market, providing unmatched stability for our growing roster of clients, and of course enabling our expansion in the years ahead. Base revenues for the year have grown by 21% – despite the distraction of closing NLC in the summer – which in our fifteenth year of operation is all the more remarkable.
In short, 2024 has been another incredible year for Netwise, setting us up for another truly exceptional year in 2025.
So, how are things looking for the year ahead? We’re expecting more of the same, with a major focus on the completion of Phase 2 (Data Hall 3), and the larger expansion project as part of Phase 3, which will run in tandem throughout the first few months of the year (Data Halls 5 and 6, plus amenities). While we can’t comment too far in advance on other plans for the year, we do have some very exciting developments in the works, that could see further expansion plans confirmed before the end of 2025 – watch this space!