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Equinix, Inc.
Company typePublic
ISINUS29444U7000
IndustryInternet
Founded1998
Headquarters
Redwood City, California
,
United States
Key people
Jay Adelson (Founder)

Al Avery (Founder)

Charles J. Meyers (CEO and President)[1]
ProductsData centers
RevenueUS$5.5 billion (2019)[2]
Number of employees
8,700[3] (2020)
Websiteequinix.com

Equinix, Inc. is an American multinational company headquartered in Redwood City, California, that specializes in Internet connection and data centers. The company is a leader in global colocation data center market share, with 210 data centers in 25 countries on five continents.[4][5]

It is listed on the NASDAQ stock exchange under the ticker symbol EQIX, and as of 2020, it had approximately 8,700 employees globally.[3] 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] and then to Latin America in 2011[11] and the Middle East in 2012.[12]

Peter Van Camp was chief executive officer from May 2000 until 2006.[13] Steve Smith took over as CEO in 2007[13] and resigned in January 2018. Van Camp was named interim chief executive officer[14] until Charles Meyers was named as the company's president and CEO in September 2018.[15] Also in 2018, according to data collected by the online publication Sludge,[16] Equinix signed three contracts with the U.S. agency Customs and Border Protection to provide "information technology support equipment" totaling over $5 million.[17]

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.[18] This established the company's presence in China, Singapore, Australia and Japan.[19] 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.[20] 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.[21][22][23]

In 2010, the company purchased Switch and Data Facilities Company, Inc., a U.S. internet exchange and colocation services provider.[24] The company extended its operations to the Middle East and in Southeast Asia in 2012.[12][25] Also in 2012, it acquired Hong Kong-based data center provider Asia-Tone.[26] 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.[27]

In May 2015, Equinix said it would purchase the British company TelecityGroup, the largest acquisition in company history.[28] The offer was cleared by the European Commission in November[29] after Equinix agreed to sell eight of its data centers around Europe to Digital Realty Trust.[30][31] In January 2016, Equinix completed the Telecity acquisition in a transaction valued at approximately $3.8 billion.[32] The addition of these data centers more than doubled Equinix's capacity in Europe.[33] In December 2015, the company purchased Japanese provider Bit-Isle,[32] adding six data centers in Japan.[34]

In 2016, Equinix opened new data centers in Dallas, Sydney and Tokyo[35] and announced a deal to acquire 29 data centers in 15 markets from Verizon.[36] In 2017, the firm also opened a new data center in São Paulo.[37]

In 2017, Equinix acquired Itconic, which expanded its data center footprint into Spain and Portugal.[38][39]

In 2018, Equinix purchased the Dallas Infomart building, where it had already been operating four data centers.[40] It also acquired Australian data center provider Metronode and its 10 data centers.[41] The company opened its first data center in South Korea the next year.[42]

In 2020, Equinix finalized the purchase of Packet, a startup[43] that provided bare-metal servers as a cloud service.[44]

Data centers

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Equinix claims to have invested more than $25 billion in its data center platform.[45] The firm calls its data centers International Business Exchanges (IBXs).[46] In 2017, the company launched its own data center infrastructure management platform, IBX SmartView.[47][48] The company's Internet Exchange service allows ISPs and enterprises to exchange Internet traffic through a global peering tool.[49][50]

Data center (IBX) locations

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  • Americas: United States, Brazil, Canada, Colombia
  • Asia-Pacific: Australia, China, Hong Kong, Indonesia, Japan, South Korea, Singapore
  • Europe and Middle East: Bulgaria, Finland, France, Germany, Ireland, Italy, Netherlands, Poland, Portugal, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, United Kingdom[51][52]

Sustainability

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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.[53] 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.[54] 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.[55] In 2019, the U.S. Environmental Protection Agency named Equinix one of 17 "Green Power Partners" leading the transition to renewable energy.[56][57]

See also

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References

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  1. ^ "Executive Officers & Directors". Equinix. Retrieved December 18, 2018.
  2. ^ "Equinix Reports Third Quarter 2019 Results".
  3. ^ a b "First Quarter 2019 Press Release Earnings Presentation Form 10-Q". Equinix. May 6, 2020. Retrieved July 15, 2020.
  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. 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. 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. ^ a b https://www.equinix.com/company/management/
  14. ^ Stangel, Luke (January 26, 2018). "Longtime Equinix CEO steps down following 'poor judgment' with an employee". Silicon Valley Business Journal. Retrieved December 19, 2018.
  15. ^ Sverdlik, Yevgeniy (September 12, 2018). "Equinix Names Charles Meyers CEO". Data Center Knowledge. Retrieved December 19, 2018.
  16. ^ "Who Is Making Money From CBP in Your State?". Sludge. Retrieved July 6, 2019.
  17. ^ "Customs and Border Protection Vendors, 2010-June 24, 2019". Google Docs. Retrieved July 6, 2019.
  18. ^ Dicus, Howard (January 3, 2003). "Pihana-Equinix merger is complete". Pacific Business News. Retrieved December 19, 2018.
  19. ^ "Pihana Pacific closing Honolulu headquarters". Pacific Business News. October 9, 2002. Retrieved January 2, 2019.
  20. ^ "Equinix Opens 50th Data Center". Data Center Knowledge. March 30, 2010. Retrieved April 5, 2017.
  21. ^ Booth, Nick (May 8, 2015). "Equinix CEO kept Telecity bid very quiet | Features". DatacenterDynamics. Retrieved April 5, 2017.
  22. ^ Meyers, Charles (January 19, 2016). "Big Data Means the Cloud | InterConnections - The Equinix Blog". Blog.equinix.com. Retrieved April 5, 2017.
  23. ^ "Archived copy". Archived from the original on February 23, 2017. Retrieved February 22, 2017.{{cite web}}: CS1 maint: archived copy as title (link)
  24. ^ "Equinix acquires Switch and Data for USD 683.4 mln". Telecompaper. May 4, 2010. Retrieved April 5, 2017.
  25. ^ Sverdlik, Yevgeniy. "Equinix partners with Indonesian firm for Jakarta data center | News". DatacenterDynamics. Retrieved April 5, 2017.
  26. ^ 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.
  27. ^ Gagliordi, Natalie. "Equinix acquires Nimbo to bolster professional services". ZDNet. Retrieved April 5, 2017.
  28. ^ Young, Sarah (May 29, 2015). "Equinix to buy TelecityGroup for $3.6 billion, Interxion deal ended". Reuters. Retrieved April 5, 2017.
  29. ^ "European Commission Grants Clearance for Equinix Offer to Acquire Telecity". Prnewswire.com. Retrieved April 5, 2017.
  30. ^ "Equinix sells off 8 data centres for $874m". Telecoms.com. July 6, 2016. Retrieved April 5, 2017.
  31. ^ "Equinix Press Release". Equinix. Retrieved March 31, 2019.
  32. ^ a b "Equinix Closes Its Blockbuster $3.8B TelecityGroup Acquisition". Data Center Knowledge. January 15, 2016. Retrieved March 31, 2019.
  33. ^ Equity, Zacks (January 18, 2016). "Equinix (EQIX) Completes Much-Awaited Merger with Telecity - January 18, 2016". Zacks.com. Retrieved April 5, 2017.
  34. ^ "Equinix Closes Bit-isle Deal, Expands Japan Data Center Footprint". Data Center Knowledge. November 4, 2015. Retrieved April 5, 2017.
  35. ^ "Equinix completes second phase expansion of Tokyo Data Center". Prnewswire.com. Retrieved April 5, 2017.
  36. ^ "Verizon Will Sell Data Centers to Equinix In $3.6 Billion Deal". Fortune.com. Retrieved April 5, 2017.
  37. ^ http://www.datacenterknowledge.com/archives/2017/03/13/equinix-opens-third-sao-paulo-data-center/
  38. ^ "Equinix to Expand Into Spain and Portugal Through Acquisition of Itconic". September 11, 2017.
  39. ^ Sverdlik, Yevgeniy (September 12, 2017). "Why Equinix is Buying the Spanish Data Center Firm Itconic". Data Center Knowledge. Retrieved July 1, 2020.
  40. ^ Gagliordi, Natalie (February 14, 2018). "Equinix buys interconnection hub Infomart Dallas for $800M". ZDNet. Retrieved January 9, 2019.
  41. ^ McLean, Asha (April 18, 2018). "Equinix completes AU$1b Metronode acquisition". ZDNet. Retrieved January 9, 2019.
  42. ^ Judge, Peter (August 30, 2019). "Equinix opens in South Korea". Data Centre Dynamics. Retrieved July 15, 2020.
  43. ^ Sverdlik, Yevgeniy. "Equinix's $335M Packet Acquisition Is Closed. Here's What's Next". Data Center Knowledge. Retrieved March 9, 2020.
  44. ^ Hardcastle, Jessica Lyons. "Equinix Paid $335M for Packet's Bare Metal Tech". sdxcentral. Retrieved March 9, 2020.
  45. ^ Savvas, Antony (November 2, 2018). "Equinix Sees 11% Increase In Third Quarter Sales As Building Rapidly Continues". Data Economy. Retrieved January 9, 2019.
  46. ^ "Entrevista com Peter Van Camp." The Wall Street Transcript. (February 13, 2006)
  47. ^ Sverdlik, Yevgeniy (February 28, 2017). "Equinix Rolls out Its Home-Baked DCIM Software for Colo Customers". Data Center Knowledge. Retrieved January 28, 2019.
  48. ^ Bindi, Tas (June 5, 2017). "Equinix brings datacentre monitoring tool IBX SmartView to Australia". ZDNet. Retrieved January 28, 2019.
  49. ^ Gately, Edward (December 4, 2017). "Equinix Announces New Markets for Internet Exchange Service". Channels Partners. Retrieved January 28, 2019.
  50. ^ Kennedy, John (March 16, 2018). "New Equinix internet exchange connects Ireland to 25 markets". Siliconrepublic. Retrieved January 28, 2019.
  51. ^ "Map of Equinix Data Center Locations". Baxtel.com.
  52. ^ https://www.itconic.com/equinix-aterriza-espana-portugal-la-adquisicion-itconic/
  53. ^ Ian Murphy. "Equinix makes climate pledge". Enterprise Times. Retrieved April 5, 2017.
  54. ^ Jones, Penny (April 2, 2014). "Greenpeace gives Digital Realty, Equinix low grades on renewable energy | News". DatacenterDynamics. Retrieved April 5, 2017.
  55. ^ "Wind Power Deals to Bring Equinix to 100 Percent Renewable in N. America". Data Center Knowledge. November 16, 2015. Retrieved April 5, 2017.
  56. ^ Castellanos, Sara (September 5, 2019). "Data-Center Landlord Equinix Touts Going Green". The Wall Street Journal. Retrieved July 15, 2020.
  57. ^ "EPA Honors 2019 Green Power Leaders". The U.S. Environmental Protection Agency (Press release). September 5, 2019. Retrieved July 15, 2020.
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