Equinix to Acquire Bare Metal Leader Packet
- With the pace of digital transformation creating a seismic shift in the enterprise today, businesses are embracing hybrid multicloud and edge architectures as the modern digital infrastructure of choice.
Equinixis a dynamic data center and interconnection platform essential for any enterprise deploying hybrid multicloud at the edge. With a global footprint of more than 200 International Business Exchange™ (IBX®) data centers, Platform Equinix contains the highest share of the world's public cloud on-ramps and the most physically and virtually interconnected ecosystems in the world.
- Bare metal is a key foundational element allowing customers to deploy distributed, hybrid multicloud infrastructure on demand. A proven leader in bare metal automation, Packet's proprietary technology automates physical servers and networks without the use of virtualization or multitenancy.
- By acquiring Packet,
Equinixwill add important new on-demand deployment alternatives that meet the market's full range of use cases. With a combined Equinixand Packet solution, enterprises and service providers will be able to build and deploy low-latency services at the edge either through their choice of owned physical deployments, or by utilizing the combined offering, which leverages as-a-service consumption to reduce CAPEXand resource requirements.
- Packet's developer-friendly product, expert talent pool, vibrant ecosystem of management-layer software providers and customer base using the product for live workloads today, will also add important new skills and assets to
Equinix'sown product development and management capabilities. Equinixexpects to disclose additional details of the deal upon completion of the acquisition.
- According to
Gartner, "Enterprises are evolving to become digital businesses, and edge computing will be a necessary enabler. Digital business is about the creation of new business designs by blurring the digital and physical worlds, creating new business moments and value through dynamic and transient interactions between people, businesses and things. Cloud computing has enabled scale, innovation, connection and agility at the back end, but edge computing will complement cloud computing by providing more real-time value, more immersive interactions, more data production and more intelligence at the front end — closer to where people and things exist."i
- Kevin Ichhpurani, Corporate Vice President, Global Ecosystem, Google Cloud
"We believe in customer choice and strongly support customers selecting the right computing environment that meet their enterprise needs. The addition of Packet bare metal will enable
Dan Kohn, Executive Director, Cloud Native Computing Foundation
"Packet has been a critical supporter of CNCF since the very early days, long before the projects we host – including Kubernetes – had become the industry standard. They have contributed substantial free server resources over the last two years to
Susan Nash, Senior Vice President, Strategic Alliances, VMware
"To successfully achieve digital transformation, organizations must focus on delivering availability, performance, security and reliability to a massive set of applications while operating in a cost-effective and scalable manner. The best way to achieve this is through a comprehensive hybrid cloud strategy.
Zachary Smith, CEO, Packet
"We started Packet in 2014 with a vision to redefine the next wave of cloud with a focus on the distribution and automation of fundamental infrastructure. This dovetails perfectly with
Sara Baack, Chief Product Officer, Equinix
"By acquiring Packet we are making it easier for enterprises to seamlessly deploy multicloud solutions at
- Learn more about Platform Equinix [website]
- Learn more about Packet [website]
- Global Interconnection Index Vol. 3 – [report]
Gartner– Exploring the Edge: 12 Frontiers of Edge Computing – [analyst report]
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 Packet, the expected benefits from the acquisition and the expected timing for closing the acquisition. When used in this document, the words "anticipates," "can," "will," "look forward to," "expected," and similar expressions and any other statements that are not historical facts are intended to identify those assertions as forward-looking statements. Factors that might cause such differences include, but are not limited to, the failure of one or more conditions to the acquisition of Packet to be satisfied; the occurrence of any event, change or other circumstance that would compromise our ability to complete the acquisition of Packet within the expected timeframe or at all; the possibility that the anticipated benefits from the proposed acquisition cannot be fully realized or may take longer to realize than expected; unanticipated costs or difficulties relating to the integration of data centers or companies we have acquired or will acquire into
iExploring the Edge: 12 Frontiers of Edge Computing,
View original content to download multimedia:http://www.prnewswire.com/news-releases/equinix-to-acquire-bare-metal-leader-packet-300986405.html
Media (Global), David Fonkalsrud, +1 (650) 598-6240, firstname.lastname@example.org; Investor Relations, Katrina Rymill, +1 650-598-6583, email@example.com; or Chip Newcom, +1 650-598-6262, firstname.lastname@example.org