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Magalu Cloud Receives R$ 300 Mi Contribution From BNDES to Expand Data Centers in Brazil
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The National Bank for Economic and Social Development (BNDES) approved a financing of R$300 million ($59.4 million) for Magalu Cloud to expand its Cloud Computing infrastructure in Brazil. The operation, carried out through the BNDES Mais Inovação program, will support investments in research, development and operational expansion of the company, including the hiring of a new Data Center in Fortaleza. Created by Brazilian retailer Magazine Luiza…
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