REDWOOD CITY, Calif.,
Sept. 1, 2021 /PRNewswire/
-- Equinix, Inc. (Nasdaq: EQIX), the world's digital
infrastructure company™, announced today that it has
extended Platform Equinix into the strategic Indian
market, following the completion of the acquisition of the
India operations of GPX Global
Systems, Inc. ("GPX India"). The US$161 million all-cash
transaction includes a fiber-connected campus in Mumbai with two data centers.
Equinix's expansion into India
will unlock opportunities for Indian businesses expanding
internationally and for multinational corporations pursuing growth
and innovation in the Indian market. With the upcoming 5G rollout
in the country, companies can get ahead in the digital era with
Equinix and benefit from the ability to accelerate their evolution
from traditional to digital businesses by rapidly digitizing and
scaling their infrastructure, easily adopting hybrid multicloud
architectures and interconnecting with more than 350 international
brands and local companies in India.
Equinix India will be led by Managing Director Manoj Paul, a veteran with more than
two decades of experience who will leverage his deep insights
into the local data center industry to support the digital
transformation journeys of businesses in India.
Highlights/Key Facts:
- From the acquisition, the two new International Business
Exchange™ (IBX®) data centers in Mumbai, dubbed Equinix MB1 and MB2, form a
network-dense data center campus with more than 350 international
brands and local companies, including the world's leading cloud
service providers (CSPs), global networks, content delivery network
(CDN) providers, all local carriers, 170 internet service providers
(ISPs) and five internet exchanges.
- Home to the digital infrastructure of numerous global
organizations, the two data centers in Mumbai provide an initial 1,350 cabinets, with
an additional 500 cabinets to buildout. The facilities will add
more than 90,000 square feet of colocation space to Platform
Equinix® when fully built.
- Equinix's Mumbai campus offers
a cloud-dense environment and direct access to major cloud
services, including AWS Direct Connect, Google Cloud Dedicated
Interconnect and Oracle Cloud Infrastructure FastConnect. It also
hosts key internet exchanges such as AMS-IX India, Extreme IX,
Mumbai IX-DECIX, National Internet Exchange of India (NIXI) and Bharat IX, allowing ISPs,
carriers, CDNs and large enterprises to exchange internet
traffic.
- Equinix plans to introduce a full range of interconnection and
digital infrastructure services, including Equinix Connect, Equinix
Internet Exchange®, Metro Connect, Equinix
FabricTM and Network Edge, in the new data
centers upon the completion of the business integration. This will
enable customers in India to
connect in real time, directly and privately, to more than 10,000
companies, including more than 1,800 networks and 3,000 cloud and
IT service providers, through Platform Equinix for increased
performance, security and scale.
- According to Frost & Sullivan, India is anticipated to become a US$2 trillion digital economy by 2030, growing at
a 21% compound annual growth rate (CAGR). It also forecasts that
40% to 50% of Indian businesses will be taking a containerized
hybrid multicloud approach for deploying applications by
2025.1 Digitalization and cloud adoption in
India will be further accelerated
by the upcoming rollout of 5G and ICT policy reforms of the
government. The expansion of Platform Equinix will enable Indian
businesses, as well as multinationals with a presence in
India, to harness a trusted
platform to bring together and interconnect the foundational
infrastructure they need to power their success.
- Current customers at GPX India will now be able to access
Platform Equinix capabilities worldwide. For example, OPPO, a
leading global smart device brand, has deployed in MB2 and is
leveraging Zenlayer's IP transit and IP peering services to support
its critical IT operations in India, including the OPPO App Market Store,
local official website, and end-user data. Today's announcement
will further support OPPO's omnichannel strategy in India and its global expansion ambitions as it
can easily replicate its digital infrastructure with Equinix in
India to anywhere via Equinix's
global platform.
- Over the years, Equinix has supported India-based partners, including HCL
Technologies, Infosys, Tata Consultancy Services and Wipro, in
deploying their customers' digital infrastructure at Equinix IBX
data centers outside of India.
- Appointed as Managing Director of Equinix India, Manoj Paul has over 25 years of extensive
experience in IT and telecom infrastructure. Prior to Equinix, he
led the India operation of GPX
India, helping it to emerge as India's most prominent carrier-neutral and
cloud-dense data center. Before joining GPX India, Paul spent 11
years with Bharti Airtel Ltd, where his last role was Chief
Operating Officer (Enterprises) for the Western region.
- Globally, Platform Equinix comprises more than 230 data centers
across 65 metros and 27 countries, providing data center and
interconnection services for more than 10,000 of the world's
leading businesses, including more than 50% of Fortune 500
companies. Today, Equinix operates 49 IBX data centers in
Asia-Pacific across 13 metros in
Australia, China, Hong
Kong, India, Japan, Korea and Singapore.
- In connection with this transaction, J.P. Morgan, Cyril Amarchand Mangaldas and Deloitte Touche
Tohmatsu India LLP were advisors to Equinix and KPMG were advisors
to GPX.
Quotes
- Joe Zhu, Founder and CEO of
Zenlayer
"With over 185 points of presence around the
world, Zenlayer continues to provide businesses with low latency
and worldwide on-demand edge cloud services. Our global edge cloud
platform, when combined with Equinix's global footprint and cloud
ecosystems, will further optimize our customers' hybrid multicloud
infrastructure and enhance the digital experiences for
users."
- Nishchal Khorana, Vice
President & Global Program Leader, ICT, Frost &
Sullivan
"Digital adoption in India has become a strategic priority for the
government as well as enterprises. Indian government's initiatives
for building a self-reliant India
are expected to further catalyze digital adoption. Digital will
play a pivotal role as enterprises aim to transform their business
models and strengthen competitiveness. With Equinix's proven global
experience, it has the potential to offer immense value for
enterprises in India as they
accelerate their digital journey."
- Jeremy Deutsch, President,
Equinix Asia-Pacific
"India presents enormous opportunities for
digital leaders in Asia-Pacific.
Bringing Platform Equinix to India
not only solidifies Equinix's position as the leading digital
infrastructure provider in Asia-Pacific, but also provides a new option
to local enterprises and multinationals operating in India to interconnect and manage their digital
infrastructure in Mumbai. We
believe our global expertise and unique interconnection ecosystem
will continue to empower businesses in India."
- Manoj Paul, Managing
Director, Equinix India
"Extending Platform Equinix to
India with the addition of two
world-class, highly interconnected data centers provides a platform
for additional expansion across the country, and I am excited about
the opportunities ahead for Equinix. With the global
footprint of Equinix and the industry's largest ecosystem, we are
well-positioned to be a critical part as well as a driving force of
the digital revolution in India,
helping businesses to leap forward domestically and
globally."
Additional Resources
- Platform Equinix® Expands to India [blog]
- Equinix MB1 Data Sheet [website]
- Equinix MB2 Data Sheet [website]
- Equinix Fabric [website]
- Platform Equinix [website]
About Equinix
Equinix (Nasdaq: EQIX) is the
world's digital infrastructure company, enabling digital leaders to
harness a trusted platform to bring together and interconnect the
foundational infrastructure that powers their success. Equinix
enables today's businesses to access all the right places, partners
and possibilities they need to accelerate advantage. With Equinix,
they can scale with agility, speed the launch of digital services,
deliver world-class experiences and multiply their value.
Forward-Looking Statements
This press release
contains forward-looking statements that involve risks and
uncertainties. Actual results may differ materially from
expectations discussed in such forward-looking statements. Factors
that might cause such differences include, but are not limited to,
the challenges of acquiring, operating and constructing IBX data
centers and developing, deploying and delivering Equinix products
and solutions, including in India,
a new market for Equinix; unanticipated costs or difficulties
relating to the integration of companies we have acquired or will
acquire into Equinix, including GPX India; a failure to receive
significant revenues from customers in recently built out or
acquired data centers; a failure to complete any financing
arrangements contemplated from time to time; competition from
existing and new competitors; the ability to generate sufficient
cash flow or otherwise obtain funds to repay new or outstanding
indebtedness; the loss or decline in business from our key
customers; risks related to our taxation as a REIT; and other risks
described from time to time in Equinix filings with the Securities
and Exchange Commission. In particular, see recent Equinix
quarterly and annual reports filed with the Securities and Exchange
Commission, copies of which are available upon request from
Equinix. Equinix does not assume any obligation to update the
forward-looking information contained in this press
release.
1Frost & Sullivan Transformative Mega
Trends Reshaping the Indian ICT Landscape Helping Businesses Build
Their Long-term Technology Strategy, November 2020
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SOURCE Equinix, Inc.