MEXICO CITY, May 30 (Reuters) - Mexican firm KIO is aiming to double the capacity of its data centers over the next two years, taking advantage of President Andres Manuel Lopez Obrador's drive to boost nearshoring and tech firms' expanding Latin American footprint.
"Our growth plan involves creating over the next two years the same capacity we have accumulated in the last 22 years.
Sapien added that the adoption of data centers in the region has been slow due to companies' apprehension towards outsourcing the hosting of their data.
KIO, which operates in five countries and has 20 data centers in its portfolio, is expanding operations in the northern Mexican city Monterrey after acquiring land for its new data campus.
The expansion is strategic for the company as it expects to serve firms coming to Mexico due to the nearshoring trend, said Sapien.
Persons:
KIO, Andres Manuel Lopez Obrador's, Jorge Sapien, Sapien, Nearshoring, Valentine Hilaire, Christopher Cushing
Organizations:
MEXICO CITY, Monterrey, Thomson
Locations:
MEXICO, Mexican, Mexico, American, Asia, Panama, Guatemala, Colombia, Spain