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Home > Data Center > Equinix acquires Packet for $335 million

Equinix acquires Packet for $335 million

Equinix announced that it has completed the acquisition of Packet, a leading bare metal automation platform.

Erdem Yasar by Erdem Yasar
March 5, 2020
in Cloud Computing, Data Center
1 min read
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Equinix acquires Packet for $335 million
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Interconnection and data center company Equinix announced that the transaction that accelerates Equinix’s strategy to help enterprises seamlessly deploy hybrid multi-cloud architectures. The combined company will operate the existing Packet business as “Packet, an Equinix company,” as a part of the $335 million transaction. Zachary Smith, the former CEO of Packet, will serve as managing director of the bare metal business.

Innovative and agile bare metal automation technology

Sara Baack, Chief Product Officer of Equinix said,

“The Packet acquisition represents a bold move to accelerate our strategy for helping enterprises quickly and seamlessly deploy hybrid multi-cloud architectures on Platform Equinix. By combining Packet’s innovative and agile bare metal automation technology with our dynamic data center and interconnection platform, we can offer our customers an alternate, agile way to deploy and consume private digital infrastructure. This approach will make it easier for our customers to extract greater value from our rich ecosystems, superior global reach, and the interconnection platform.”

Zachary Smith, Managing Director of Bare Metal of Equinix said,

“We started Packet to help make infrastructure a competitive advantage for the leading companies of the world. As part of Equinix, we’re excited to take the next step on our journey and accelerate that vision globally. In my new role, I look forward to leading our combined bare metal efforts and leveraging the unique strengths of both Packet and Equinix to help digital businesses seamlessly deploy on Platform Equinix.”

See more Data Center News


Tags: EquinixPacketSara BaackZachary Smith
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Erdem Yasar

Erdem Yasar

Erdem Yasar is a news editor at Cloud7 News. Erdem started his career by writing video game reviews in 2007 for PC World magazine while he was studying computer engineering. In the following years, he focused on software development with various programming languages. After his graduation, he continued to work as an editor for several major tech-related websites and magazines. During the 2010s, Erdem Yasar shifted his focus to cloud computing, hosting, and data centers as they were becoming more popular topics in the tech industry. Erdem Yasar also worked with various industry-leading tech companies as a content creator by writing blog posts and other articles. Prior to his role at Cloud7 News, Erdem was the managing editor of T3 Magazine.

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