Tuesday, 27 June 2017

Equinix completes $3.6bn Verizon data centre deal

By Nick Wood, Total Telecom
Wednesday 03 May 17

Acquisition adds 3 million square feet of data centre space to Equinix's footprint.

Equinix this week completed its $3.6 billion acquisition of 29 Verizon data centres. The all-cash transaction, agreed in December, covers 24 individual sites spread across 15 metro areas in the U.S. and Latin America. When the deal was originally struck…

Equinix this week completed its $3.6 billion acquisition of 29 Verizon data centres.

The all-cash transaction, agreed in December, covers 24 individual sites spread across 15 metro areas in the U.S. and Latin America.

When the deal was originally struck, Equinix said around 900 customers use the acquired data centres. On Monday, the company put that figure at more than 1,000, of which some 600 are new to Equinix, including Fortune 1000 companies, and government entities.

"As the technological shift to digital is transforming large sections of society and the global economy, companies are re-architecting their infrastructure to thrive in this new environment. They are moving from traditional centralised infrastructure to a distributed model that keeps data closer to the customers, partners and employees using it," said Equinix CEO Steve Smith.

"With this significant expansion of Equinix's globally consistent footprint, our platform is even more valuable to companies that are leveraging this new model of interconnection at the digital edge," he said.

The new assets bring Equinix's global presence to 175 data centres in 44 markets, and increase its data centre footprint by 3 million gross square feet to around 17 million gross square feet.

Around 250 Verizon employees have transferred to Equinix. In March, Verizon also agreed an exclusive deal to resell Equinix colocation and interconnection services globally.

"Today is an important milestone in the growth of Equinix, as we significantly expand our operations in the Americas region," said Karl Strohmeyer, president, Americas, at Equinix. "The 29 new data centres greatly expand our ability to enable global interconnection within our robust ecosystems, as the economies of North, Central and South America continue to thrive."

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