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 opens data center in Melbourne, Australia
Equinix announced its expansion with its fourth International Business Exchange data center known as ME2, in Melbourne, Australia. The new ...
Equinix joins LF Edge as a premier member
A data center company Equinix has joined LF Edge, an umbrella organization within the Linux Foundation that aims to establish an ...
Equinix reported 2019 financial results
Equinix announced that 2019 annual revenues increase of 10% year-over-year to $5.562 billion, a 9% year-over-year increase. Global interconnection and ...
Equinix taps Oracle Exadata for higher performance improvement
Equinix, a gold level member of Oracle PartnerNetwork (OPN), invested in Oracle Exadata for higher performance. After selected Oracle Exadata, ...
Kickstart Europe 2020 brings Data Center industry together
The international top of the data center, cloud, and connectivity industry meets on January 28th to discuss trends and forecasts ...
RTI to complete construction transpasific cables at Equinix
RTI selected Equinix IBX data centers to complete construction on several new high-fiber capacity cables that will land on Guam. ...
Telstra and Equinix collaborating for secure multi-cloud
Equinix has announced that Telstra is enhancing its integration to provide flexible, secure, on-demand multi-cloud network connectivity. Equinix has announced ...
Itron collaborates with Equinix to open a data center
Itron has expanded its collaboration with Equinix to open a data center in Europe. The data center will host Itron’s ...
Equinix acquiring bare metal leader Packet
Equinix has announced it has signed a definitive agreement to acquire bare metal automation platform, Packet. Equinix is acquiring the ...
Equinix bought 3 data centers in Mexico
Equinix, the global interconnection and data center company, acquired three data centers from Axtel S.A.B. de C.V. that serve the ...
MYHSM joins forces with Equinix
MYHSM has announced that Equinix data centers are certified to PCI DSS (Payment Card Industry Data Security Standard) meaning that ...
DE-CIX is moving into Equinix’s IL2 data center in Istanbul
Internet exchange company DE-CIX has announced that it will move into Equinix's IL2 data center located in Istanbul. With the ...
HCE announced Barcelona-based dedicated hosting and cloud servers
HCE (HostColorEurope.com), a web hosting provider that delivers services from 21 European data centers launched Barcelona based dedicated server hosting, ...
Equinix became a gold member of Cloud Native Computing Foundation
Equinix that provides interconnection for businesses to clouds, customers, and partners inside data centers, has become a gold member of ...
Zoom expands with Equinix data centers
One of the biggest companies in the meeting solutions and unified communications, Zoom has played an important role in shifting ...
PT DCI Indonesia reveals the third data center
The third data center of PT DCI Indonesia, named JK3 is a seven-story establishment with four data hall floors and ...
Equinix unveils $160m data center hub in Sydney
The data center's initial capacity is 1,825 cabinets but when fully built, the facility will host 9,225 cabinets in a ...
A deeper look into the cloud ecosystem in 2019
Cloud computing keeps growing as expected in 2019 too. Let's take a look at what the researches say about the ...
Equinix announced the development of a new data center in Warsaw
Today, Equinix announced the development of a new data center in Warsaw. It will open in 2020's first quarter. The ...