Equinix Completes Bit-isle Acquisition In Japan
With new assets Equinix now has 27 data centers throughout Asia-Pacific.
Equinix, Inc. has announced that it has completed the acquisition of the remaining outstanding shares of Bit-isle, Inc. This acquisition further strengthens Equinix's position in Asia-Pacific—the company's fastest growing region — improving the company's market position in Japan, and helps to meet growing demand for interconnection among Japanese businesses. With the acquisition of Bit-isle's six facilities, Platform Equinix™ now includes 111 data centers in 33 markets around the world.
Announced in September, the acquisition of Bit-isle increases Equinix's scale and creates the fourth largest data center operator in Japan(1). Equinix has now gained five data centers in Tokyo and one in Osaka. After the completion of Equinix's TY5 data center in Tokyo in Q1 2016, Equinix will have a total of 10 data centers in Tokyo and two in Osaka.
"Today we are excited to officially welcome the Bit-isle team into the Equinix family. This acquisition allows us to create campus-like environments between these facilities to more effectively meet the needs of our customers, which include some of Japan's largest companies, while also adding strong local expertise to drive Equinix's success in this very important market," said Steve Smith, president and CEO, Equinix.
The six new data centers add capacity in close proximity to Equinix's carrier dense sites that Equinix will leverage to continue to scale its global interconnection platform. These sites will eventually be tethered to existing Equinix International Business Exchange (IBX®) data centers for campus connectivity to network and cloud service providers, business ecosystems and other enterprises within a metropolitan area.
The acquisition of Bit-isle will increase Equinix's assets from 21 to 27 data centers throughout Asia-Pacific, including in Australia, China, Hong Kong, Indonesia, Japan and Singapore.
Equinix began reporting consolidated financials as of November 2nd when the company became a majority stake holder in Bit-isle.
Prior to the acquisition Equinix already served 1,300+ customers in Asia-Pacific including 350+ networks and 390+ cloud and IT service providers.
1 Source: Fuji Chimera Research Institute