REDWOOD CITY, Calif.,
July 16, 2020 /PRNewswire/
-- Equinix, Inc. (Nasdaq: EQIX), the global
interconnection and data center company, today announced the
development of a new data center in Milan, due to open in Q1 2021. Known as ML5,
the International Business Exchange™ (IBX®) data center will offer
state-of-the-art colocation, as well as a host of advanced
interconnection services, including Equinix Cloud Exchange Fabric™
(ECX Fabric™) and Equinix Internet Exchange™.
The innovative, modular construction of the site
incorporates Equinix's Flexible Data Center (FDC)
principles, which leverage common design elements for space, power
and cooling to ensure long-term maintenance predictability. This
approach provides customers with high standards for uptime and
availability while lowering operating risk and complexity.
The ML5 IBX is the fourth data center for Equinix in
Italy, where existing Equinix data
centers provide access to a wide choice of network service
providers, internet exchange points, content delivery networks and
cloud service providers. This expansion further supports Italian
businesses with advancing their digital transformation strategies,
as well as enabling global companies across industries to expand
their operations in Italy—spurring innovation.
Organizations working to accelerate their evolution from
traditional to digital business can utilize the new site to
dynamically scale their IT infrastructure, adopt hybrid multicloud
architectures and interconnect with strategic business partners
within the Platform Equinix® global ecosystem of nearly 10,000
customers.
Highlights/Key Facts
- By establishing ML5 near Via Caldera, Equinix brings its
carrier-neutral ecosystem-dense model to one of the most
well-connected locations within Milan—enabling customers to choose
from a broad range of network and cloud services. Direct access to
the Equinix Internet Exchange allows networks, content providers
and large enterprises to securely exchange internet traffic over
the world's largest peering solution.
- Equinix IBX data centers in Milan support 160+ companies, including major
telecommunications carriers via Milan's principle interconnection hubs. The
sites also provide direct connections to the Milan Internet
Exchange (MIX), TOP-IX and major telecommunications carriers.
- Equinix data centers protect and connect the critical digital
assets of global financial services firms in the world's top
financial centers. Milan plays a
vital role in Italy's economy and
is home to the country's only stock exchange, Borsa Italiana.
- Equinix's Global Tech Trends Survey 2019-20 found over 40% of
IT decision-makers surveyed in EMEA are prioritizing connecting
with new digital ecosystems as part of their organization's
overarching technology strategy. In addition, one in two IT leaders
globally stated they are prioritizing moving their infrastructure
to the digital edge, where population centers, commerce, and
digital and business ecosystems meet and interact in real time.
- ML5—situated in North-West Milan—will provide customers with
direct access to Equinix's industry-leading software-defined
networking service, ECX Fabric, enabling virtual interconnections
to some of the largest cloud providers in the world, such as:
Amazon Web Services, Microsoft Azure, Oracle Cloud Infrastructure
and Google Cloud.
- The $51 million first phase of
ML5 is expected to provide a capacity of 500 cabinet equivalents
and colocation space of approximately 15,000 square feet (1,400
square meters). Upon completion of the planned future phases, ML5
is expected to provide total capacity of more than 1,450 cabinet
equivalents and colocation space of more than 45,000 square feet
(4,200 square meters).
- The new site is being built in line with global environmental
standards and will contribute to a portfolio of some of the most
energy-efficient data centers in the world. ML5 will utilize 100%
renewable energy and is designed to LEED Gold standard.
Quotes
- Emmanuel Becker, Managing
Director, Italy,
Equinix:
"This latest investment shows our continued
support for the Italian market as a strategic interconnection
point. With this new site, we are further providing for companies
in Italy looking to expand both
locally and internationally. Data centers are crucial for
connectivity and are at the heart of the country's economic
model—especially in this critical period. Our goal is to continue
to expand and offer more services to help companies extend their IT
operations to the digital edge."
- Judith Gardiner, Vice
President, Growth and Emerging Markets,
Equinix:
"Italy is a key
growth market for Equinix in EMEA, particularly in the areas of
automotive and financial services. This expansion supports the
increasing demands we're seeing from companies in Italy and the wider region to accelerate their
digital transformation—which has only accelerated in the wake of
COVID-19. ML5 will play a key role in helping businesses thrive in
the evolving digital economy, through the formation of an
interconnected metro area where customers can seamlessly connect
with strategic business partners in Italy and across the world."
Additional Resources
- Equinix 2019-20 Tech Trends Survey [report]
- Global Interconnection Index Volume 3 [report]
- Milan, Italy Metro
International Business Exchange™ (IBX®) [data sheet]
- Learn more about Equinix Cloud Exchange Fabric™ [website]
- Learn more about Equinix Internet Exchange™ [website]
- Multicloud and Edge Top IT Leaders' Priority Lists [press
release]
About Equinix
Equinix, Inc. (Nasdaq: EQIX) connects
the world's leading businesses to their customers, employees and
partners inside the most-interconnected data centers. On this
global platform for digital business, companies come together
across more than 55 markets on five continents to reach everywhere,
interconnect everyone and integrate everything they need to create
their digital futures. Equinix.com.
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; unanticipated costs or difficulties relating to the
integration of companies we have acquired or will acquire into
Equinix; 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.
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SOURCE Equinix, Inc.