January 13th, 2011

GE To Buy Lineage Power, Makers Of Green Data Center Equipment, For $520 Million

Consumer and business uptake of cloud computing, mobile internet voice, video and real-time data are increasing energy demand dramatically among data centers, telecom and IT service providers. Anticipating the trend will continue for quite some time, General Electric (GE) today announced its plan to acquire Lineage Power Holdings from Los Angeles private equity firm, Gores Group, for $520… → Read More