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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
7,8008,700[3][4] (2019 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 205 210 data centers in 25 countries on five continents.[5][6]

It is listed on the NASDAQ stock exchange under the ticker symbol EQIX, and as of 2018 2020, it had approximately 7,800 8,700 employees globally.[7][4] The company converted to a real estate investment trust (REIT) in January 2015.[8]

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.[9] The firm focused on expanding interconnection from its inception, to capitalized on the so-called "network effect," through which each new customer would broaden the appeal of its platform.[10] It expanded to Asia-Pacific in 2002[11] and Europe in 2007,[12] and then to Latin America in 2011[13] and the Middle East in 2012.[14]

Peter Van Camp has led Equinix in a variety of roles for 17 years. He was chief executive officer from May 2000 until 2006, when he was appointed executive chairman of the board of directors.[15] Steve Smith took over as CEO in 2007[15] and resigned in January 2018. Van Camp was named interim chief executive officer upon Smith's resignation,[16] until Charles Meyers was named as the company's president and CEO in September 2018.[17] Also in 2018, according to data collected by the online publication Sludge,[18] Equinix signed three contracts with the U.S. agency Customs and Border Protection to provide "information technology support equipment" totaling over $5 million.[19]

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.[20] This established the company's presence in China, Singapore, Australia and Japan.[21] 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 France, Germany, the Netherlands, Switzerland and the United Kingdom. In 2010, Equinix opened its That plan was completed with the 2010 opening of Equinix's 50th global data center, in London.[22] Over the next seven years, the company nearly tripled its data center portfolio, growth the company attributes attributed to increased demand for interconnection services caused by the emergence of cloud computing, along with the expansion of related trends such as the Internet of Things and big data.[23][24][25]

The firm's next major acquisition came in In 2010, when the company purchased Switch and Data Facilities Company, Inc., a U.S. Internet internet exchange and colocation services provider with locations in 23 North American markets. The transaction was valued at approximately $683.4 million.[26] The company extended its operations to the Middle East and in Southeast Asia in 2012., announcing partnerships to enter the Dubai, UAE,[14] and Jakarta, Indonesia, markets.[27] Also in 2012, it acquired completed a $230.5 million all-cash transaction for Hong Kong-based data center provider Asia-Tone, adding of six data centers and one disaster recovery center in the Hong Kong, Shanghai and Singapore markets.[28]

In 2014, Equinix increased its Latin American presence when it acquired paid $225 million to complete the acquisition of ALOG Datacenters of Brazil S.A., the country's leading provider of carrier-neutral data centers. Equinix had acquired a 53% stake in ALOG in 2011.[13]

In 2015, Equinix converted to a real estate investment trust (REIT) in a move to gain tax advantages and enhance add shareholder value by offering a regular dividend.[8] That same year, it acquired the professional services company Nimbo as part of a broader effort to assist customers executing data center migrations or advancing their network and hybrid cloud strategies.[29]

Early in 2015 the firm opened five new data centers on four continents, increasing the company's data center footprint to more than 10 million square feet.[30]

The largest acquisition in company history was announced at the end of In May 2015, when Equinix said it would purchase the British company TelecityGroup, the largest acquisition in company history.[31] The offer was cleared by the European Commission in November,[32] but only after Equinix agreed to sell eight of its data centers around Europe to Digital Realty Trust for $874 million.[33][34] In January 2016, Equinix announced that it had completed the Telecity acquisition in a transaction valued at approximately $3.8 billion.[35] The addition of these data centers more than doubled Equinix's capacity in Europe, making the company the region's largest retail colocation provider. The deal also added network and cloud density.[36]

In December 2015, the company purchased Japanese provider Bit-Isle for $280 million,[35] doubling the number of Equinix adding six data centers in Japan to 12 by adding five in Tokyo and one in Osaka.[37] In 2015, Equinix also acquired Nimbo, a cloud professional services company with expertise in helping enterprises make the transition from legacy data center infrastructure to a more agile hybrid one.[35][38]

In 2016, Equinix opened new data centers in Dallas, Sydney and Tokyo[39] and announced a deal to acquire 29 data centers in 15 markets from Verizon for $3.6 billion. The purchase, which closed in May 2017, extended Equinix's North American footprint into Houston and Culpeper, Virginia, and brought the company into Bogota, Colombia, for the first time.[40] In 2017, the firm also opened a new data center in São Paulo.[41]

In 2017, Equinix acquired Itconic, which expanded its data center footprint into two new countries, Spain and Portugal. The $66.8M acquisition added five data centers in four metros.[42][43]

In 2018, Equinix purchased the Dallas Infomart building, where it had already been operating four data centers.[44] It also acquired Australian data center provider Metronode and its 10 data centers, which expanded the company's operations into four additional cities.[45] The company opened its first data center in South Korea the next year.[46]

In 2020, Equinix finalized the purchase of Packet, a startup, for $335 Million USD.[47] Packet was founded in 2014[48] and evolved to that provided bare-metal servers as a cloud service. With this purchase, Equinix can now offer customers the ability to rapidly deploy physical servers across Equinix's hosting infrastructure.[49]

Data centers

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Equinix claims to have invested more than $25 billion since its founding to build in its data center platform.[50]

The firm calls its data centers International Business Exchanges (IBXs) to emphasize the collaboration and data exchange it says they enable. Chairman Peter Van Camp has compared them to "international airports where passengers from many different airlines make connections to get to their final destinations."[51] In 2017, the company launched its own data center infrastructure management platform, called IBX SmartView, for monitoring and maintaining data center operations.[52][53] The company's Internet Exchange service allows ISPs, content providers, and large enterprises to exchange Internet traffic through a global peering tool.[54][55]

The company cites its global average uptime record to demonstrate the reliability of its facilities and services. Equinix received positive press coverage in the aftermath of Superstorm Sandy in 2012 after its customers in the Northeast U.S. experienced relatively limited outages, compared to widespread problems at other vendors.[56]

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[57][58]

Cloud

[edit]

Some analysts have warned that long-term consolidation in the telecommunications industry caused by cloud will decrease demand for data center space and hurt the growth prospects of companies such as Equinix.[59] Equinix argues that accelerated cloud proliferation and adoption, along with the emergence of cloud-dependent trends and technologies such as big data, mobile and the Internet of Things, dramatically increase the value of its core interconnection offering.[23][24][25]

Equinix was described by an industry analyst as a "crucial middle man," connecting companies that build private clouds on the Equinix platform to the underlying networks and public cloud providers they depend on.[60]

With the March 2020 acquisition of a startup named Packet, Equinix is expected to offer "bare-metal services" across their existing colocation infrastructure. This will allow customers to deploy and manage dedicated servers in the Equinix locations.[47]

Enterprise

[edit]

Equinix has emphasized expanding its enterprise business as more companies move aggressively to compete as digital businesses. In a 2016 conference, Smith announced a company goal to increase its enterprise customer base exponentially in the next decade. Smith estimated the total addressable enterprise market at 350,000 globally and projected Equinix could land as many as 60,000 enterprise customers by 2026.[61] Equinix's total customer base at the end of 2016 was about 8,500, including about 2,250 enterprise customers.[62] Industry observers said a challenge for Equinix would be appealing to customers who did not know they needed what Equinix offers: "Courting enterprises … is more difficult than serving Equinix’s traditional customer base, consisting of financial, network, media, and cloud companies. These customers basically knew what they wanted from Equinix, and all Equinix had to do was deliver."[63]

Equinix says its appeal to the enterprise market is based on its network density, cloud expertise and what it says is a growing enterprise need to obtain services from multiple cloud providers just to execute routine business. It argues the only way the enterprise can meet customer expectations is with what it called an "interconnection first" mindset[61] that prioritizes moving closer to end users and enabling faster data processing and analysis at the "edge of the network." The company has devised what it calls an "edge strategy" for the enterprise, named the Interconnection Oriented Architecture. This strategy is designed to allow the enterprise to move closer to end users by capitalizing on Equinix's global footprint and the access it provides to multiple networks and cloud providers.[64] The firm also said its interest in cultivating enterprise growth was to ward off the threat presented by the largest public cloud providers, all of whom it hosts in its data centers.[65]

Some analysts have argued that the continued growth of the public cloud giants – such as Amazon Web Services and Microsoft Azure – would eventually lead them to abandon third-party colocation providers like Equinix, and build their own data centers and take advantage of economies of scale.[66] In response, Equinix has positioned its facilities as meeting places where enterprises could directly access as many public cloud services as possible and build customized and business-critical applications. The company believes that attracting more enterprises as they begin relying on multi-cloud strategies will further establish Equinix as an essential interconnection point between the enterprise and the public cloud, including its largest providers.[64]

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.[67] 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.[68] The company pledged to use 100% clean and renewable energy globally and signed deals with wind farms in Texas and Oklahoma to buy enough renewable energy to offset the energy consumption of its entire North American data center portfolio.[69] In 2019, the U.S. Environmental Protection Agency named Equinix one of 17 "Green Power Partners" leading the transition to renewable energy.[70][71]

Also in 2015, Equinix was also among the signatories of the Obama Administration's American Business Act on Climate Pledge.[72]

In 2018, Equinix was honored for its sustainability initiatives at the SEAL Business Sustainability Awards.[73]

US Government Clients

[edit]

In 2018, according to data collected by the online publication Sludge,[74] Equinix signed three contracts with the U.S. agency Customs and Border Protection to provide "information technology support equipment" totaling over $5 million.[75] [Moved to History]

SmartKey

[edit]

Equinix SmartKey, a HSM as a Service that provides secure key management and cryptography service which protects data in public, private, hybrid or multicloud environments, simplifying provisioning and control of encryption keys.[76]

See also

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References

[edit]
  1. ^ "Executive Officers & Directors". Equinix. Retrieved December 18, 2018.
  2. ^ "Equinix Reports Third Quarter 2019 Results".
  3. ^ "Equinix". Fortune. Retrieved January 18, 2019.
  4. ^ a b "First Quarter 2019 Press Release Earnings Presentation Form 10-Q". Equinix. May 6, 2020. Retrieved July 15, 2020.
  5. ^ "Equinix, Digital Realty, and NTT remain colocation market leaders: Synergy Research". Lightwave. June 5, 2018. Retrieved December 18, 2018.
  6. ^ "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.
  7. ^ McCowan, Debra (June 15, 2018). "A Culture of Success – 20 Years and Counting". Interconnections – The Equinix Blog. Equinix. Retrieved December 18, 2018.
  8. ^ 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.
  9. ^ Rohde, David (March 13, 2001). "Equinix makes the Internet sing". ITworld. Retrieved April 5, 2017.
  10. ^ "Equinix Marketplace Seeks to Connect Customers". Data Center Knowledge. October 24, 2011. Retrieved April 5, 2017.
  11. ^ "Press Release | Investor Relations | Equinix". Investor.equinix.com. October 2, 2002. Retrieved April 5, 2017.
  12. ^ "Equinix Buys IXEurope for $482M". Data Center Knowledge. June 28, 2007. Retrieved April 5, 2017.
  13. ^ a b Jones, Penny (July 25, 2014). "Equinix completes Alog takeover | News". DatacenterDynamics. Retrieved April 5, 2017.
  14. ^ a b "Equinix Expands to Dubai, Sees Growth for Emirates". Data Center Knowledge. November 20, 2012. Retrieved April 5, 2017.
  15. ^ a b https://www.equinix.com/company/management/
  16. ^ Stangel, Luke (January 26, 2018). "Longtime Equinix CEO steps down following 'poor judgment' with an employee". Silicon Valley Business Journal. Retrieved December 19, 2018.
  17. ^ Sverdlik, Yevgeniy (September 12, 2018). "Equinix Names Charles Meyers CEO". Data Center Knowledge. Retrieved December 19, 2018.
  18. ^ "Who Is Making Money From CBP in Your State?". Sludge. Retrieved July 6, 2019.
  19. ^ "Customs and Border Protection Vendors, 2010-June 24, 2019". Google Docs. Retrieved July 6, 2019.
  20. ^ Dicus, Howard (January 3, 2003). "Pihana-Equinix merger is complete". Pacific Business News. Retrieved December 19, 2018.
  21. ^ "Pihana Pacific closing Honolulu headquarters". Pacific Business News. October 9, 2002. Retrieved January 2, 2019.
  22. ^ "Equinix Opens 50th Data Center". Data Center Knowledge. March 30, 2010. Retrieved April 5, 2017.
  23. ^ a b Booth, Nick (May 8, 2015). "Equinix CEO kept Telecity bid very quiet | Features". DatacenterDynamics. Retrieved April 5, 2017.
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  25. ^ a b "Archived copy". Archived from the original on February 23, 2017. Retrieved February 22, 2017.{{cite web}}: CS1 maint: archived copy as title (link)
  26. ^ "Equinix acquires Switch and Data for USD 683.4 mln". Telecompaper. May 4, 2010. Retrieved April 5, 2017.
  27. ^ Sverdlik, Yevgeniy. "Equinix partners with Indonesian firm for Jakarta data center | News". DatacenterDynamics. Retrieved April 5, 2017.
  28. ^ 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.
  29. ^ Gagliordi, Natalie. "Equinix acquires Nimbo to bolster professional services". ZDNet. Retrieved April 5, 2017.
  30. ^ "Equinix Data Center Footprint to Grow in Five Global Markets". Datacenterknowledge.com. March 4, 2015. Retrieved April 5, 2017.
  31. ^ Young, Sarah (May 29, 2015). "Equinix to buy TelecityGroup for $3.6 billion, Interxion deal ended". Reuters. Retrieved April 5, 2017.
  32. ^ "European Commission Grants Clearance for Equinix Offer to Acquire Telecity". Prnewswire.com. Retrieved April 5, 2017.
  33. ^ "Equinix sells off 8 data centres for $874m". Telecoms.com. July 6, 2016. Retrieved April 5, 2017.
  34. ^ "Equinix Press Release". Equinix. Retrieved March 31, 2019.
  35. ^ a b c "Equinix Closes Its Blockbuster $3.8B TelecityGroup Acquisition". Data Center Knowledge. January 15, 2016. Retrieved March 31, 2019.
  36. ^ Equity, Zacks (January 18, 2016). "Equinix (EQIX) Completes Much-Awaited Merger with Telecity - January 18, 2016". Zacks.com. Retrieved April 5, 2017.
  37. ^ "Equinix Closes Bit-isle Deal, Expands Japan Data Center Footprint". Data Center Knowledge. November 4, 2015. Retrieved April 5, 2017.
  38. ^ "Equinix Buys Cloud Professional Services Firm Nimbo". Data Center Knowledge. January 21, 2015. Retrieved March 31, 2019.
  39. ^ "Equinix completes second phase expansion of Tokyo Data Center". Prnewswire.com. Retrieved April 5, 2017.
  40. ^ "Verizon Will Sell Data Centers to Equinix In $3.6 Billion Deal". Fortune.com. Retrieved April 5, 2017.
  41. ^ http://www.datacenterknowledge.com/archives/2017/03/13/equinix-opens-third-sao-paulo-data-center/
  42. ^ "Equinix to Expand Into Spain and Portugal Through Acquisition of Itconic". September 11, 2017.
  43. ^ Sverdlik, Yevgeniy (September 12, 2017). "Why Equinix is Buying the Spanish Data Center Firm Itconic". Data Center Knowledge. Retrieved July 1, 2020.
  44. ^ Gagliordi, Natalie (February 14, 2018). "Equinix buys interconnection hub Infomart Dallas for $800M". ZDNet. Retrieved January 9, 2019.
  45. ^ McLean, Asha (April 18, 2018). "Equinix completes AU$1b Metronode acquisition". ZDNet. Retrieved January 9, 2019.
  46. ^ Judge, Peter (August 30, 2019). "Equinix opens in South Korea". Data Centre Dynamics. Retrieved July 15, 2020.
  47. ^ a b Sverdlik, Yevgeniy. "Equinix's $335M Packet Acquisition Is Closed. Here's What's Next". Data Center Knowledge. Retrieved March 9, 2020.
  48. ^ "Get To Know Packet". Packet. Archived from the original on March 9, 2020.
  49. ^ Hardcastle, Jessica Lyons. "Equinix Paid $335M for Packet's Bare Metal Tech". sdxcentral. Retrieved March 9, 2020.
  50. ^ Savvas, Antony (November 2, 2018). "Equinix Sees 11% Increase In Third Quarter Sales As Building Rapidly Continues". Data Economy. Retrieved January 9, 2019.
  51. ^ "Entrevista com Peter Van Camp." The Wall Street Transcript. (February 13, 2006)
  52. ^ Sverdlik, Yevgeniy (February 28, 2017). "Equinix Rolls out Its Home-Baked DCIM Software for Colo Customers". Data Center Knowledge. Retrieved January 28, 2019.
  53. ^ Bindi, Tas (June 5, 2017). "Equinix brings datacentre monitoring tool IBX SmartView to Australia". ZDNet. Retrieved January 28, 2019.
  54. ^ Gately, Edward (December 4, 2017). "Equinix Announces New Markets for Internet Exchange Service". Channels Partners. Retrieved January 28, 2019.
  55. ^ Kennedy, John (March 16, 2018). "New Equinix internet exchange connects Ireland to 25 markets". Siliconrepublic. Retrieved January 28, 2019.
  56. ^ "Amazon, Equinix Data Centers Vs. Hurricane Sandy". InformationWeek. November 6, 2016. Retrieved April 5, 2017.
  57. ^ "Map of Equinix Data Center Locations". Baxtel.com.
  58. ^ https://www.itconic.com/equinix-aterriza-espana-portugal-la-adquisicion-itconic/
  59. ^ Equity, Zacks (April 27, 2015). "Is Equinix (EQIX) Likely to Disappoint Q1 Earnings Estimates? - April 27, 2015". Zacks.com. Retrieved April 5, 2017.
  60. ^ Ray, Tiernan (July 5, 2016). "Equinix: A Crucial 'Middle Man' in Data Centers and Cloud, Says Goldman". Blogs.barrons.com. Retrieved April 5, 2017.
  61. ^ a b "Equinix CEO Unveils Aggressive Plan to Court Enterprises". Data Center Knowledge. January 8, 2016. Retrieved April 5, 2017.
  62. ^ Meyers, Charles (November 14, 2016). "Health Tech Firms Are in the Clouds. Here's Why. | InterConnections - The Equinix Blog". Blog.equinix.com. Retrieved April 5, 2017.
  63. ^ "Equinix Urges Enterprise 'Interconnection-First' Strategy". InformationWeek. Retrieved April 5, 2017.
  64. ^ a b Caroline Donnelly (June 23, 2016). "Equinix embarks on big data push to inform new datacentre designs and builds". Computerweekly.com. Retrieved April 5, 2017.
  65. ^ Caroline Donnelly (June 10, 2016). "Datacentre operators warned of public cloud threat to long-term co-location success". Computerweekly.com. Retrieved April 5, 2017.
  66. ^ "Equinix Expects Explosive Enterprise Growth". Light Reading. Retrieved April 5, 2017.
  67. ^ Ian Murphy. "Equinix makes climate pledge". Enterprise Times. Retrieved April 5, 2017.
  68. ^ Jones, Penny (April 2, 2014). "Greenpeace gives Digital Realty, Equinix low grades on renewable energy | News". DatacenterDynamics. Retrieved April 5, 2017.
  69. ^ "Wind Power Deals to Bring Equinix to 100 Percent Renewable in N. America". Data Center Knowledge. November 16, 2015. Retrieved April 5, 2017.
  70. ^ Castellanos, Sara (September 5, 2019). "Data-Center Landlord Equinix Touts Going Green". The Wall Street Journal. Retrieved July 15, 2020.
  71. ^ "EPA Honors 2019 Green Power Leaders". The U.S. Environmental Protection Agency (Press release). September 5, 2019. Retrieved July 15, 2020.
  72. ^ "White House Announces Additional Commitments to The American Business Act on Climate Pledge". Whitehouse.gov. December 1, 2015. Retrieved April 5, 2017.
  73. ^ "Most Sustainable Companies Honored At 2018 SEAL Awards". SEAL Awards. November 13, 2018. Retrieved December 12, 2018.
  74. ^ "Who Is Making Money From CBP in Your State?". Sludge. Retrieved July 6, 2019.
  75. ^ "Customs and Border Protection Vendors, 2010-June 24, 2019". Google Docs. Retrieved July 6, 2019.
  76. ^ "SmartKey Data Sheet, 2019". Equinix. Retrieved October 16, 2019.
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