Data centre power monitoring company Unite Technologies has raised a further £700,000 in equity and debt investment from an existing backer.

Data centre power monitoring company Unite Technologies has raised a further £700,000 in equity and debt investment from an existing backer.

Finance Wales committed the funds in its third investment in Unite since 2001. The money will enable the South Wales-based company, which has an office in London and recently opened another in New York, to expand into North America.

Unite Technologies supplies power and environmental monitoring tools that it claims can help its clients reduce energy consumption in data centres and IT systems.

Simon Terry, chief executive of Unite, comments, ‘Companies managing large data centres are under increasing pressure to reduce their energy consumption as well as their carbon emissions in line with government legislation.’

Unite was established in 2007 following the merger of Comrac and Sinetica Corporation.

The deal was led for Finance Wales by portfolio development executive James Henderson.