Equinix
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- Legal Name: Equinix, Inc.
- Website: www.equinix.com
- Founded: 1998
- Founder(s): Jay Adelson, Al Avery
- Wikipedia: en.wikipedia.org/wiki/Equinix
- Stock Symbol: NASDAQ: EQIX
What is Equinix?
Equinix is a California-based multinational company specializes in internet connection and data centers. The company is one of the biggest competitors in the global colocation data center market field. The company has more than 200 data centers in 25 countries.
Equinix was founded in 1998 by two facility managers at Digital Equipment Corporation, Al Avery and Jay Adelson. Jay Adelson stated that the company’s core attributes, equality, neutrality, and Internet Exchange, shaped the company’s name. Equinix merged with i-STT, a subsidiary of Singapore Technologies Telemedia and Pihana Pacific in 2002. After the agreement, the company expanded to Asia-Pacific in 2002, Europe in 2007, Latin America in 2011 and the Middle East in 2012.
During this period, Peter Van Camp was the CEO from May 2000 until 2006. When he was appointed as executive chairman of the board of directors, Steve Smith became the CEO in 2007 and resigned in January 2018. In September of 2018, Charles Meyers was named as the president and CEO.
Shortly after its establishment, Equinix signed major companies as customers in 2004, including AT&T, Sprint, and Sony and expanded to 15 data centers in the same year. In 2006, the company purchased the Ashburn campus in Washington. The second major acquisition in the company’s history has happened in 2010. Equinix acquired the U.S. internet exchange and colocation services provider, Switch and Data for approximately $683.4 million.
To gain tax advantages, the company was converted to a real estate investment trust or REIT for short in 2015. Also, the company made its biggest acquisition the same year. At the end of May 2015, Equinix acquired a British company, TelecityGroup for $3.8 billion. This agreement doubled the company’s capacity in Europe and the company expanded to more than 100 data centers around the globe. Equinix has also acquired a bare-metal server provider startup, Packet for $335 million in 2020, which will allow its customers to deploy physical servers across Equinix’s hosting infrastructure. According to Equinix’s statements, the company invested more than $25 billion to build its data center platform.
Latest News on Equinix
Equinix closes the $320 million acquisition of MainOne
Digital infrastructure company, Equinix announced that the acquisition of West African data center and connectivity solutions provider MainOne has now ...
Equinix to acquire 4 data centers for $705 million
Digital infrastructure company, Equinix announced its planned expansion into Chile and Peru through its intended acquisition of four data centers ...
Equinix to offer free services to Ukrainian customers
Equinix announced that the company is standing with the people of Ukraine and condemns Russia's invasion of the country. Equinix ...
Equinix announced a new IBX data center in Munich
Digital infrastructure company, Equinix announced the launch of its new International Business Exchange data center, named MU4, located in Aschheim, ...
Equinix announces its tenth Paris data center
Digital infrastructure company, Equinix announced a new International Business Exchange data center in Paris, France. The new site, named PA10, ...
Equinix and six other companies develop hydrogen fuel cells for data centers
InfraPrime, RISE, Snam, SOLIDpower, TEC4FUELS, Vertiv, and Equinix has formed a consortium to develop low low-carbon fuel cells. The Clean ...
Telstra expanding its network infrastructure in the U.S.
Telstra is expanding the network infrastructure in the U.S. The company is almost tripling its footprint at a data center ...
Equinix is upgrading its CPU lineup
The global data center company Equinix has announced the new capabilities on their Bare Metal platform. The company is upgrading ...
Equinix expanding into Africa with MainOne acquisition
Digital infrastructure company, Equinix announced its expansion plans to Africa with the acquisition of MainOne. MainOne is a West African ...
Mirantis collaborating with Equinix to accelerate application deployment
Open cloud company, Mirantis introduced a new fully-managed offering in partnership with Equinix Metal in 18 metros around the world. ...
Third-quarter 2021 results have been reported by Equinix
Digital infrastructure company Equinix has reported its third quarter of 2021 results. The company's quarterly revenues are increased by 10% ...
Equinix opened a new data center in Osaka
Japan has the 3rd largest economy in the world. The Japanese government has been seeking improvements in its digital infrastructure, ...
Equinix published Global Interconnection Index Vol. 5
Equinix stated that according to its annual market study, GXI Vol. 5, with the pandemic, economies are forced into digital ...
Equinix opens new IBX data center in Frankfurt
Digital infrastructure company, Equinix announced the launch of its new International Business Exchange data center in Frankfurt, Germany. The facility, ...
Equinix introduces 5G and Edge Technology Development Center
Digital Infrastructure company, Equinix announced the deployment of a first-of-its-kind, fully functional 5G and Edge Technology Development Center, including a ...
Equinix acquired two data centers in India
Equinix extended its Platform Equinix into the strategic Indian market by acquiring the India operations of GPX Global Systems. The ...
Verizon Business collaborates with Equinix
Verizon Business is expanding its Software-Defined Interconnect (SDI) solution in collaboration with Equinix. This collaboration enables global enterprise and Public ...
Gulf Bridge International extending partnership with Equinix
Global cloud, connectivity, and content enabler, GBI and digital infrastructure company, Equinix announced that the duo is extending their partnership ...
Equinix reports 2nd quarter results
Digital infrastructure company, Equinix reported financial results for the quarter ended June 30. During the quarter, Equinix exceeded 400,000 interconnections, ...
Equinix and GIC add $3.9B to grow to 32 facilities globally
Equinix announced agreements for additional joint ventures in the form of limited liability partnerships with GIC, Singapore's sovereign wealth fund. ...
Quintillion and Equinix collaborates for bring next-generation services to polar orbiting satellites
Quintillion launched its next-generation ground station architecture in support of the highest latitude satellite ground station. Quintillion's new Arctic ground ...