Equinix

Equinix, Inc.
Company typePublic
ISINUS29444U7000
IndustryInternet
Founded1998; 26 years ago (1998)
Founders
Headquarters
Redwood City, California
,
United States
Key people
ProductsData centers
RevenueIncrease US$8.19 billion (2023)
Increase US$1.44 billion (2023)
Increase US$969 million (2023)
Total assetsIncrease US$32.7 billion (2023)
Total equityIncrease US$12.5 billion (2023)
Number of employees
13,151 (2023)
Websiteequinix.com
Footnotes / references
[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.[2][5]

It is listed on the Nasdaq stock exchange under the ticker symbol EQIX, and as of December 2023, it had approximately 13,000 employees globally.[2] The company converted to a real estate investment trust (REIT) in January 2015.[6]

History

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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.[7] The firm capitalized on the "network effect," through which each new customer would broaden the appeal of its platform.[8] It expanded to Asia-Pacific in 2002[9] and Europe in 2007,[10] followed by Latin America in 2011,[11] and the Middle East in 2012.[12]

In 2018, according to data collected by the online publication Sludge,[13] Equinix signed three contracts with the U.S. Customs and Border Protection to provide "information technology support equipment" totalling over $5 million.[14] In September 2020, the company shifted its branding to describe itself as a "digital infrastructure company".[15]

Acquisitions and expansion

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In 2002, Equinix merged with i-STT, the Internet infrastructure service subsidiary of Singapore Technologies Telemedia, and Pihana Pacific.[16] This established the company's presence in China, Singapore, Australia and Japan.[17] 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.[18] 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.[19][20][21]

In 2010, the company purchased Switch and Data Facilities Company, Inc., a U.S. internet exchange and colocation services provider.[22] The company extended its operations to the Middle East and in Southeast Asia in 2012.[12][23] Also in 2012, it acquired Hong Kong-based data center provider Asia-Tone.[24] 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.[11]

In 2015, Equinix converted to a real estate investment trust (REIT) to gain tax advantages and add shareholder value.[6] 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,[31] 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

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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

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Equinix's Silicon Valley Data Center campus in San Jose, California, located in the Santa Teresa district.

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

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See also

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References

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