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 introduces new features for Tinkerbell
Digital Infrastructure company, Equinix announced that an all-in-one open source bare metal provisioning platform, Tinkerbell has added significant new features. ...
Equinix invests $3 billion in its xScale data center program
Digital infrastructure company Equinix provided details on its $3 billion xScale data center program, including projects currently under development in ...
Equinix Metal advanced its global scale with new locations
Digital infrastructure company, Equinix announced that Equinix Metal expansion equips digital leaders to harness physical infrastructure at software speed. The ...
Equinix to open its first data center in Bordeaux
The digital infrastructure company Equinix announced it will open its first data center in Bordeaux, France, in Q3 2021. With ...
Seagate unveils Lyve Cloud
Data storage and management solutions provider, Seagate Technology unveiled Lyve Cloud, a storage-as-a-service platform. The new platform allows always-on mass ...
Equinix reports fourth quarter and full-year results
The world's digital infrastructure company, Equinix, reported financial results for the fourth quarter and the year ended December 31, 2020. ...
Equinix continues to invest in its platform services
Digital infrastructure company Equinix reported results for the quarter and year ended December 31, 2020. Equinix continues to invest in ...
Equinix expands its data centers in Finland
Equinix has announced that it is continuing to invest in growing its data center capacity in Finland. Through this expansion, ...
Hostopia Australia deals with Equinix
Cloud services and hosting provider Hostopia Australia signed a long term deal with digital infrastructure company Equinix. According to the ...
Equinix introduced its 5th IBX data center in Singapore
Digital infrastructure company, Equinix announced its fifth IBX data center in Singapore with an initial investment of US$144 million in ...
Equinix invests $55M in its third Osaka data center
Equinix announced an initial investment to build its third International Business Exchange data center located in Osaka, Japan. The new ...
Equinix announced its 16th IBX data center
Digital infrastructure company, Equinix, announced the opening of its 16th International Business Exchange data center, DC21, in the Washington, D.C. ...
Equinix extends digital edge in Australia
Digital infrastructure company, Equinix is expanding Platform Equinix with a third IBX data center, to be named PE3, in Perth. ...
Equinix opens a new data center in Perth
Equinix expands Platform Equinix with a third International Business Exchange (IBX) data center in Perth. PE3 will be the company's ...
Former Equinix CEO, Steve Smith joins Zayo
Zayo announced the appointment of Steve Smith as Chief Executive Officer. Digital Colony and EQT selected Smith to lead Zayo. ...
EllaLink partners with Equinix for linking two continents
EllaLink announced the partnership with Equinix, a global interconnection and data center company. Through this agreement, EllaLink will open three ...
Equinix reveals Bare Metal Service
Digital Infrastructure company, Equinix, unveiled its fully automated and interconnected bare metal service, Equinix Metal, which provides an automated deployment ...
Equinix adds Nokia IP to its global interconnect network
Data center and colocation provider Equinix deploys a new Nokia IP/MPLS network infrastructure to support its global interconnection services. With the ...
Equinix and Oman Telecommunications Company open a new data center in Oman
Equinix and Oman Telecommunications Company have opened the new International Business Exchange data center in Barka, near Muscat, the capital ...
Equinix acquires 13 Bell data centers in Canada
Equinix announced that the company completed a $780 million acquisition of 13 Bell data centers located in Canada. The $780 ...
DRFortress launches first connection from Hawaii to Equinix
The largest carrier-neutral data center and cloud marketplace operating in Hawaii, DRFortress launches the cloud direct connection from Hawaii into ...