Who is Serafim Abreu Junior? New CEO at NextStream
Serafim Abreu Junior has become the new CEO of NextStream.
Eager to support the company’s goal to become one of the major players in the Latin American (LATAM) data centre market, he brings with him his extensive experience in technology and infrastructure.
Throughout his career, Serafim has led a range of significant digital transformation initiatives in companies around the world. His next mission is to reinforce NextStream’s commitment to innovation, sustainability and growth across the data centre sector.
“It is an honor to lead NextStream into this new phase. We have a highly qualified team, a solid regional presence and the support of our investors and strategic partners, who deeply understand the particularities of the sector,” Serafim said upon his appointment.
“We are ready to meet growing market demands, drive innovation and contribute to the development of sustainable digital infrastructures in Latin America.”
High industry standards
NextStream specialises in providing colocation solutions and custom hyperscale projects, whilst delivering services aligned with the highest industry standards.
With the growing demand for space, energy, security and connectivity, NextStream stands out as a reliable and innovative partner. The company operates in strategic markets such as Argentina, Brazil, Chile, Mexico and Peru, offering cutting-edge technology with sustainable strategies.
- 10 energy-efficient data centres across LATAM
- Meeting growing demands for space, power, security and connectivity
Anticipating the needs of a continually-changing market, Serafim will bring with him his extensive experience from working across the technology and infrastructure sectors. He has led digital transformations at several global companies, including at technology giant IBM where he advanced cloud solutions.
He also previously worked at Scala Data Centers as Regional CFO, where he contributed to the company’s accelerated growth across LATAM. Previously, as CEO of Time for Fun (T4F), Serafim spearheaded growth and development initiatives and overcame challenges in complex and competitive markets.
With his deep industry knowledge and ability to identify value-generating opportunities, Serafim will lead NextStream into a new phase of growth.
The company is now well positioned to meet the growing demands for connectivity, energy efficiency and security, which are essential elements in a constantly evolving market.
“We are ready to meet the growing demands of the market, driving innovation and contributing to the development of sustainable digital infrastructures in Latin America,” Serafim shared with Datacenter Dynamics.
Boosting LATAM connectivity
The data centre market across the LATAM region is booming and is expected to double over the next five years, from roughly US$5-6bn in 2023 to between US$8-10bn by 2029.
According to White & Case, there have been approximately 30 new data centres built or under construction, with 11 in Brazil and 10 in Chile alone. Additionally, it has been confirmed that there are 90 active projects, as of November 2024.
As demand for emerging technologies like AI continues to accelerate, governments and private investors across LATAM have made huge headway to ramp up investments in digital infrastructure.
- There are currently 90 active data centre projects in LATAM (Source: White & Case, November 2024)
This is all to keep up with what has been referred to as the ‘Fourth Industrial Revolution’, or Industry 4.0.
As land prices increase and local authorities start to engage more with the data centre industry, it is expected that more data centres will be built across LATAM - including in less urban areas.
This will inevitably result in greater demand for power, energy and financing.
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