Equinix Explained

Equinix, Inc.
Logo Alt:Equinix Logo
Type:Public
Location City:Redwood City, California
Location Country:United States
Industry:Internet
Products:Data centers
Revenue: (2023)
Operating Income: (2023)
Net Income: (2023)
Assets: (2023)
Equity: (2023)
Num Employees:13,151
Num Employees Year:2023
Footnotes:[1] [2]

Equinix, Inc. is an American multinational company headquartered in Redwood City, California,[3] that specializes in Internet connection and data centers. The company is a leader in global colocation data center market share,[4] with 260 data centers in 33 countries on five continents.[5]

It is listed on the Nasdaq stock exchange under the ticker symbol EQIX, and, it had approximately 13,000 employees globally. The company converted to a real estate investment trust (REIT) in January 2015.

History

Equinix was founded in 1998 by Al Avery and Jay Adelson, two facilities managers at Digital Equipment Corporation. The firm promoted its data center platform as a neutral place where competing networks could connect and share data traffic.[6] The firm capitalized on the "network effect," through which each new customer would broaden the appeal of its platform.[7] It expanded to Asia-Pacific in 2002[8] and Europe in 2007,[9] followed by Latin America in 2011,[10] and the Middle East in 2012.[11]

In 2018, according to data collected by the online publication Sludge,[12] Equinix signed three contracts with the U.S. Customs and Border Protection to provide "information technology support equipment" totalling over $5 million.[13] In September 2020, the company shifted its branding to describe itself as a "digital infrastructure company".[14]

Acquisitions and expansion

In 2002, Equinix merged with i-STT, the Internet infrastructure service subsidiary of Singapore Technologies Telemedia, and Pihana Pacific.[15] This established the company's presence in China, Singapore, Australia and Japan.[16] In 2007, the firm announced a $2 billion international expansion plan and entered the European market by acquiring data center operator IXEurope and its facilities. In 2010, Equinix opened its 50th data center, in London.[17] Over the next seven years, the company nearly tripled its data center portfolio, growth the company attributed to increased demand caused by the emergence of cloud computing, the Internet of Things and big data.[18] [19] [20]

In 2010, the company purchased Switch and Data Facilities Company, Inc., a U.S. internet exchange and colocation services provider.[21] The company extended its operations to the Middle East and in Southeast Asia in 2012.[22] Also in 2012, it acquired Hong Kong-based data center provider Asia-Tone.[23] In 2014, Equinix increased its Latin American presence when it acquired ALOG Datacenters of Brazil S.A., the country's leading provider of carrier-neutral data centers.[10]

In 2015, Equinix converted to a real estate investment trust (REIT) to gain tax advantages and add shareholder value.[24] That same year, it acquired the professional services company Nimbo.[25]

In May 2015, Equinix said it would purchase the British company TelecityGroup, the largest acquisition in company history.[26] The offer was cleared by the European Commission in November[27] after Equinix agreed to sell eight of its data centers around Europe to Digital Realty,[28] [29] but it still retained Telecity Harbour Exchange data center in London Docklands.[30] In January 2016, Equinix completed the Telecity acquisition in a transaction valued at approximately $3.8 billion.[31] The addition of these data centers more than doubled Equinix's capacity in Europe.[32] In December 2015, the company purchased Japanese provider Bit-Isle, adding six data centers in Japan.[33]

In 2016, Equinix opened new data centers in Dallas, Sydney and Tokyo[34] and announced a deal to acquire 29 data centers in 15 markets from Verizon.[35] In 2017, the firm also opened a new data center in São Paulo.[36]

In 2017, Equinix acquired Itconic, which expanded its data center footprint into Spain and Portugal.[37] [38]

In 2018, Equinix purchased the Dallas Infomart building, where it had already been operating four data centers.[39] It also acquired Australian data center provider Metronode and its 10 data centers.[40] The company opened its first data center in South Korea the next year.[41]

In 2020, Equinix finalized the purchase of Packet, a startup[42] that provided bare-metal servers as a cloud service.[43] The company expanded into India in August 2020, with the acquisition of GPX India, including a campus in Mumbai with two data centers.[44] [45] In October 2020, Equinix completed the acquisition of 13 Bell Canada data centers.[46] [47] The company also invested heavily in hyperscale xScale data centers.[48] [49]

On December 7, 2021, Equinix announced its acquisition of Main One, a West African data center and connectivity solutions provider, for $320 million.[50]

In March 2022, Equinix expanded into Chile and Peru with $758 million acquisition of 4 Data Centers from Entel.[51] [52]

In November 2022, Equinix announced its market entry into Malaysia with plans to build a new International Business Exchange (IBX) data center located in Iskandar Puteri, Johor Bahru, Johore called JH1. With an initial investment of approximately USD $40 million, JH1 is scheduled to begin operations in Q1 2024, providing 500 cabinets and 1,960 square meters of colocation space. [53]

Environmental impact

In 2015, the company made a long-term pledge to power its entire data center platform with clean and renewable energy.[54] The pledge followed criticism in 2014 from the environmental group Greenpeace, which said in an annual report on the environmental practices of Internet companies that Equinix had an insufficient commitment to renewable energy and carbon emissions mitigation.[55] The company signed deals with wind farms in Texas and Oklahoma to buy enough renewable energy to offset the energy consumption of its North American data center portfolio.[56]

In 2019, the U.S. Environmental Protection Agency named Equinix one of 17 Green Power Partners leading the transition to renewable energy.[57] [58]

In September 2020, Equinix priced $1.35 billion in green bonds to finance new and existing green projects.[59] At the same time, the company announced a Green Finance Framework to standardize transparency reporting for green debt disclosures.[60] [61] In November 2020, the EPA gave Equinix its 2020 Green Power Partner of the Year award.[62] [63]

In January 2021, Equinix joined the Climate Neutral Data Centre Pact, and therefore engaged to have data centres climate neutral by 2030.[64]

Data centers

Equinix claims to have invested more than $25 billion in its data center platform.[65] The firm calls its data centers International Business Exchanges (IBXs).[66] In 2017, the company launched its own data center infrastructure management platform, IBX SmartView.[67] [68] The company's Internet Exchange service allows ISPs and enterprises to exchange Internet traffic through a global peering tool.[69] [70]

Data center (IBX) locations

See also

External links

NASDAQ:

Notes and References

  1. Web site: Executive Officers & Directors . Equinix . 18 December 2018.
  2. Web site: US SEC: FY2023 Form 10-K Equinix, Inc.. . 16 February 2024.
  3. News: Giles . Martin . CIO Spotlight: Equinix's Milind Wagle Is Using AI To Tune Up Its Internet 'Engine Room' . 22 July 2021 . Forbes . 16 June 2021 . en.
  4. News: Equinix, Digital Realty, and NTT remain colocation market leaders: Synergy Research . 18 December 2018 . Lightwave . 5 June 2018.
  5. Equinix to Expand Canadian Operations with US$750 Million Acquisition of 13 Bell Data Center Sites . 15 July 2020 . Equinix . 1 June 2020.
  6. Web site: Rohde . David . Equinix makes the Internet sing . ITworld . 2001-03-13 . 2017-04-05 . August 21, 2018 . https://web.archive.org/web/20180821120730/https://www.itworld.com/article/2799684/business/equinix-makes-the-internet-sing.html . dead .
  7. Web site: Equinix Marketplace Seeks to Connect Customers . Data Center Knowledge . 2011-10-24 . 2017-04-05.
  8. Web site: Press Release | Investor Relations | Equinix. 2002-10-02. Investor.equinix.com. 2017-04-05. August 21, 2018. https://web.archive.org/web/20180821114411/http://investor.equinix.com/phoenix.zhtml?c=122662&p=irol-newsArticle_Print&ID=339782. dead.
  9. Web site: Equinix Buys IXEurope for $482M. 2007-06-28. Data Center Knowledge. 2017-04-05.
  10. Web site: Equinix completes Alog takeover | News. Jones. Penny. 2014-07-25. DatacenterDynamics. 2017-04-05.
  11. Web site: Equinix Expands to Dubai, Sees Growth for Emirates. 2012-11-20. Data Center Knowledge. 2017-04-05.
  12. Web site: Who Is Making Money From CBP in Your State?. Sludge. June 27, 2019 . en-US. 2019-07-06.
  13. Web site: Customs and Border Protection Vendors, 2010-June 24, 2019. Google Docs. en-US. 2019-07-06.
  14. News: Miller . Rich . Beyond Colo: Equinix Repositions as Digital Infrastructure Company . 22 July 2021 . Data Center Frontier . 23 September 2020.
  15. News: Dicus . Howard . Pihana-Equinix merger is complete . 19 December 2018 . Pacific Business News . 3 January 2003.
  16. News: Pihana Pacific closing Honolulu headquarters . 2 January 2019 . Pacific Business News . 9 October 2002.
  17. Web site: Equinix Opens 50th Data Center . Data Center Knowledge . 2010-03-30 . 2017-04-05.
  18. Web site: Booth . Nick . Equinix CEO kept Telecity bid very quiet | Features . DatacenterDynamics . 2015-05-08 . 2017-04-05.
  19. Web site: Meyers . Charles . Big Data Means the Cloud | InterConnections - The Equinix Blog . Blog.equinix.com . 2016-01-19 . 2017-04-05 . February 23, 2017 . https://web.archive.org/web/20170223130934/https://blog.equinix.com/blog/2016/01/19/big-data-means-the-cloud/ . dead .
  20. Web site: Equinix Focuses on WAN Reinvention, IoT – Daily Cloud . 2017-02-22 . dead . https://web.archive.org/web/20170223211707/http://www.dailycloud.info/equinix-focuses-on-wan-reinvention-iot/ . February 23, 2017 . mdy-all .
  21. Web site: Equinix acquires Switch and Data for USD 683.4 mln . Telecompaper . 2010-05-04 . 2017-04-05.
  22. Web site: Sverdlik . Yevgeniy . Equinix partners with Indonesian firm for Jakarta data center | News . DatacenterDynamics . 2017-04-05.
  23. Web site: Nicole Henderson . Equinix Completes $230.5M Acquisition of Hong Kong Data Center Firm Asia Tone - Web Host Industry Review . Thewhir.com . 2012-07-10 . 2017-04-05.
  24. Web site: Equinix Inc. Celebrates First Quarter As REIT With Massive Earnings Beat - The Motley Fool . Fool.com . 2015-04-29 . 2017-04-05.
  25. Web site: Gagliordi . Natalie . Equinix acquires Nimbo to bolster professional services . ZDNet . 2017-04-05.
  26. Web site: Equinix to buy TelecityGroup for $3.6 billion, Interxion deal ended. Young. Sarah. 2015-05-29. Reuters. 2017-04-05.
  27. European Commission Grants Clearance for Equinix Offer to Acquire Telecity . Prnewswire.com . 2017-04-05.
  28. Web site: Equinix sells off 8 data centres for $874m . Telecoms.com . 2016-07-06 . 2017-04-05.
  29. Web site: Equinix Press Release. Equinix. en. 2019-03-31.
  30. News: Fedor . Lauren . BT broadband network hit by outage . https://ghostarchive.org/archive/20221212001251/https://www.ft.com/content/0cc95e62-4e88-11e6-8172-e39ecd3b86fc . December 12, 2022 . subscription . live . 18 October 2021 . Financial Times . 20 July 2016 .
  31. Web site: Equinix Closes Its Blockbuster $3.8B TelecityGroup Acquisition. 2016-01-15. Data Center Knowledge. 2019-03-31.
  32. Web site: Equity . Zacks . Equinix (EQIX) Completes Much-Awaited Merger with Telecity - January 18, 2016 . Zacks.com . 2016-01-18 . 2017-04-05.
  33. Web site: Equinix Closes Bit-isle Deal, Expands Japan Data Center Footprint . Data Center Knowledge . 2015-11-04 . 2017-04-05.
  34. Equinix completes second phase expansion of Tokyo Data Center . Prnewswire.com . 2017-04-05.
  35. Web site: Verizon Will Sell Data Centers to Equinix In $3.6 Billion Deal . Fortune.com . 2017-04-05.
  36. Web site: Equinix Opens Its Third São Paulo Data Center. March 13, 2017.
  37. News: Equinix to Expand Into Spain and Portugal Through Acquisition of Itconic. Sep 11, 2017.
  38. News: Sverdlik . Yevgeniy . Why Equinix is Buying the Spanish Data Center Firm Itconic . 1 July 2020 . Data Center Knowledge . 12 September 2017.
  39. News: Gagliordi . Natalie . Equinix buys interconnection hub Infomart Dallas for $800M . 9 January 2019 . ZDNet . 14 February 2018.
  40. News: McLean . Asha . Equinix completes AU$1b Metronode acquisition . 9 January 2019 . ZDNet . 18 April 2018.
  41. News: Judge . Peter . Equinix opens in South Korea . 15 July 2020 . Data Centre Dynamics . 30 August 2019.
  42. Web site: Sverdlik . Yevgeniy . Equinix's $335M Packet Acquisition Is Closed. Here's What's Next . Data Center Knowledge . March 3, 2020 . 9 March 2020.
  43. Web site: Hardcastle . Jessica Lyons . Equinix Paid $335M for Packet's Bare Metal Tech . sdxcentral . 9 March 2020.
  44. News: Haranas . Mark . Equinix Enters India With $161 Million Acquisition Of GPX Data Centers . 4 August 2021 . CRN . 11 August 2020.
  45. News: Babar . Kailash . Equinix expands into India with acquisition of GPX India data centers . 4 August 2021 . The Economic Times . 11 August 2020.
  46. News: Donnelly . Caroline . Equinix adds 13 Canadian datacentres to its portfolio as $178m Bell acquisition completes . 4 August 2021 . ComputerWeekly.com . 2 October 2020 . en.
  47. News: Moss . Sebastian . Equinix completes acquisition of 13 Bell data centers . 4 August 2021 . Data Center Dynamics . 2 October 2020 . en.
  48. News: Haranas . Mark . Data Center Star Equinix Is On Fire Thanks To xScale . 4 August 2021 . CRN . 9 March 2021.
  49. News: Miller . Rich . With Strong xScale Leasing, Equinix Steps Up Its Hyperscale Game . 4 August 2021 . Data Center Frontier . 30 April 2021.
  50. Web site: Noteworthy technology acquisitions 2021. Computer World. January 7, 2022. Scott Carey. Charlotte Trueman. January 23, 2022.
  51. Web site: Equinix Acquires Four Data Centers From Entel For $705M As Global Expansion Soars. 18 March 2022. CRN. 8 April 2022.
  52. Web site: EQUINIX ACQUIRES ENTEL'S DATA CENTER. 16 June 2022. Chambers and Partners. 21 February 2023.
  53. Web site: Equinix Enters Malaysia with $40M Data Center Investment. 30 November 2022. Cision PR Newswire. 30 November 2022.
  54. Web site: Ian Murphy . Equinix makes climate pledge . December 2015 . Enterprise Times . 2017-04-05.
  55. Web site: Jones . Penny . Greenpeace gives Digital Realty, Equinix low grades on renewable energy | News . DatacenterDynamics . 2014-04-02 . 2017-04-05.
  56. Web site: Wind Power Deals to Bring Equinix to 100 Percent Renewable in N. America . Data Center Knowledge . 2015-11-16 . 2017-04-05.
  57. News: Castellanos . Sara . Data-Center Landlord Equinix Touts Going Green . 15 July 2020 . The Wall Street Journal . 5 September 2019.
  58. EPA Honors 2019 Green Power Leaders . 15 July 2020 . The U.S. Environmental Protection Agency . 5 September 2019.
  59. News: Atkins . John . HG bonds: Equinix places $1.85B for long-term debt refi, green spending; terms . 23 November 2020 . S&P Global . 23 September 2020.
  60. News: Nikolova . Maria . Equinix prices $1.85bn in bonds . 23 November 2020 . FinanceFeeds . 24 September 2020.
  61. News: Sawaya . Sydney . Big Tech's Climate Week News Cheat Sheet . 23 November 2020 . SDxCentral . 26 September 2020.
  62. Web site: Green Power Leadership Awards . United States Environmental Protection Agency . January 12, 2016 . 23 November 2020.
  63. News: Miller . Rich . Microsoft, Equinix, QTS Cited for Green Power Leadership . 23 November 2020 . Data Center Frontier . 23 September 2020.
  64. Web site: Equinix joins European cloud and data centre providers to make pledge towards climate neutrality. January 25, 2021.
  65. News: Savvas . Antony . Equinix Sees 11% Increase In Third Quarter Sales As Building Rapidly Continues . 9 January 2019 . Data Economy . 2 November 2018 . July 3, 2020 . https://web.archive.org/web/20200703153816/https://data-economy.com/equinix-sees-11-increase-in-third-quarter-sales-as-building-rapidly-continues/ . dead .
  66. "Entrevista com Peter Van Camp." The Wall Street Transcript. (February 13, 2006)
  67. News: Sverdlik . Yevgeniy . Equinix Rolls out Its Home-Baked DCIM Software for Colo Customers . 28 January 2019 . Data Center Knowledge . 28 February 2017.
  68. News: Bindi . Tas . Equinix brings datacentre monitoring tool IBX SmartView to Australia . 28 January 2019 . ZDNet . 5 June 2017.
  69. News: Gately . Edward . Equinix Announces New Markets for Internet Exchange Service . 28 January 2019 . Channels Partners . 4 December 2017.
  70. News: Kennedy . John . New Equinix internet exchange connects Ireland to 25 markets . 28 January 2019 . Siliconrepublic . 16 March 2018.
  71. News: Data centers se valorizam no mundo financeiro . 5 May 2014 . Folha de S.Paulo. Portuguese.
  72. Web site: Map of Equinix Data Center Locations. Baxtel.com.
  73. Web site: Global Data Center Locations . Equinix . 4 August 2021.

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