Iceland Data Center Postponed by One Year Skip to content

Iceland Data Center Postponed by One Year

Opening of Verne Holdings data center planned at former navy base next year.

The establishment of an international data center in Iceland, presented by Verne Holdings one year ago, will be delayed by approximately 12 months. The data center is now scheduled to launch operations in the second or third quarter of 2010.

Photo by Geir Ólafsson.

“There have been delays of various kinds” chairman of the board of Verne Holdings Vilhjálmur Thorsteinsson told Morgunbladid.

“We had to obtain considerable information last summer because of the earthquake in south Iceland to convince our clients that everything was in order. That was successful,” Thorsteinsson explained.

“Then the banking system collapsed, currency restrictions took effect and of course the international financial crisis has influenced the foreign companies that we’re negotiating with. But those discussions continue and have advanced quite far,” Thorsteinsson continued.

Thorsteinsson said that the design of the data center is being worked on in Iceland but that his company had decided not to begin operations until agreements had been signed with its clients.

“We are also negotiating with the authorities. After the currency restrictions took effect people want to see whether some kind of an investment agreement can be made and we have received positive reactions to that,” Thorsteinsson stated.

Verne Holdings is owned by Novator, a company in the ownership of Icelandic entrepreneur Björgólfur Thor Björgólfsson, and an American investment fund, General Catalyst Partners.

The data center will be located at Keflavík International Airport and store computers, network servers and data for international users. The center might create more than 100 new jobs.

Click here to read more about the planned data center.

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