The agreement was signed on
- The acquisition of Itconic further strengthens
Equinix'sposition in Europeand will extend its footprint into two new countries within the region. The acquisition includes five data centers in four metros, with two located in Madrid, one in Barcelona, one in Seville, and one in Lisbon, and adds approximately 322,000 gross square feet to the Equinix International Business Exchange™ (IBX®) data center portfolio. Itconic generated approximately €55.5M or approximately US$66.8Mof revenues for the period Q2 2017 annualized.
- The Cloudmas business brings to
Equinixa highly-experienced team of technology professionals with deep expertise in hybrid cloud architectures and cloud adoption and migration strategies. The acquisition adds more than 250 employees to the Equinixteam in Europe. Many members of the Cloudmas team have earned certifications for deployment and support of services on leading cloud platforms.
- With the current IT transformation underway, enterprises increasingly require low-latency network connectivity, access to cloud service providers in top global markets, and interconnection with customers and partners across their digital supply chain to run their corporate IT.
Equinix'sglobal data center footprint now enables businesses in Spainand Portugalto evolve from traditional businesses to "digital businesses" with the ability to globally interconnect with people, locations, cloud services and data. Additionally, customers will have the opportunity to operate on an expanded global platform to process, store and distribute larger volumes of latency-sensitive data and applications at the digital edge, closer to end-users and local markets.
- Earlier this week
Equinixalso announced that it had acquired a new data center in Istanbul Turkey– IS2. With these transactions Equinixnow operates more than 185 IBX data centers in 48 markets, providing customers even more ways to connect with other businesses around the world on Platform Equinix™. Bank Streetserved as Equinix'sfinancial advisor, and Uria Menendez acted as Equinix'sexternal legal advisors in connection with this transaction.
Eric Schwartz, president, EMEA, Equinix:
Equinixto Expand into Spainand Portugal Through Acquisition of Itconic [press release] Equinix Acquires Istanbul Data Centerfrom Zenium [press release]
- Expanding in EMEA, increasing our unrivaled global reach [blog]
Forward Looking Statements
This press release contains forward-looking statements which are based on current expectations, forecasts and assumptions that involve risks and uncertainties that could cause actual results to differ materially from expectations discussed in such forward-looking statements, including statements related to the acquisition of Itconic's data center operating business in
International Business Exchange and Platform Equinix are trademarks of
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