Equinix is investing an additional € 180 million in their data center facilities in Finland, doubling its investments. Goal is to attract more hyper scale customers. The investment is part of the announcement 14th June that Equinix will invest an additional $ 3.9 Billion in Data Centers. Equinix will expand its joint venture with Singapore’s sovereign wealth fund GIC. When closed and built out this will bring the xScaleTM data center portfolio to greater than $6.9 billion across 32 facilities globally.
xScale data centers add to Equinix's global platform of more than 220 International Business Exchange™ (IBX®) data centers by serving the unique core workload deployment needs of a targeted group of hyperscale companies, including the world's largest cloud service providers. After deal closing and buildout, the xScale data center portfolio will span three regions: Europe, Asia Pacific & Americas. Three additional sites are expected to be announced at a future date.
Said Charles Meyers, CEO of Equinix: "For years, the world's largest cloud service providers, including Alibaba Cloud, Amazon Web Services, Google Cloud, IBM Cloud, Microsoft Azure and Oracle Cloud Infrastructure, have partnered with Equinix to leverage its global platform of more than 220 data centers to directly connect to their strategic business partners and customers. With our xScale program, these hyperscalers can continue to grow at Equinix while in close proximity to an ecosystem of 10,000 customers. The joint venture arrangement of xScale enables these large deployments to be structured in an off-balance sheet model that aims to preserve capital for investment in our traditional retail data center and digital infrastructure business and maintain our strategic and financial flexibility."
- It is expected that the xScale portfolio of 32 facilities will provide more than 600 megawatts (MW) of power capacity when fully built out. With xScale data centers, hyperscale companies can add core deployments to their existing access point footprints at Equinix, enabling their growth on a single platform that can immediately span 63 global metros and offer direct interconnection—within a vibrant set of ecosystems—to their customers and strategic business partners.
- Platform Equinix® features more than 40% of the private on-ramps to the top global cloud service providers – more than any other provider. As hyperscale companies scale their operations at Equinix, the ecosystem of nearly 10,000 enterprises and other companies currently operating at Equinix benefit from increased opportunities to directly connect and operate in proximity to the largest global cloud operators.
Jabez Tan, Head of Research, Structure Research: "By building upon the xScale portfolio, Equinix is well-positioned to further accelerate the adoption of hybrid and multicloud as the IT architecture of choice for today's businesses, while meeting hyperscalers' needs for operational reliability, global reach and interconnectivity to rich ecosystems that are critical to serving their customers worldwide."