The acquisition of Bit-isle further strengthens
Highlights / Key Facts
- Originally announced on
September 8, 2015, the acquisition of Bit-isle increases Equinix'sscale and creates the fourth largest data center operator in Japan(1). After the completion of Equinix'sTY5 data center in Tokyoin Q1 2016, Equinixwill have a total of 10 data centers in Tokyoand two in Osaka. Japanis one of the world's largest colocation markets and Equinix Japan has the highest mix of interconnection revenue in the company's APAC region. In a recent global survey of more than 1,000 IT decision makers2 from 14 countries including Japan, the number one business priority for nearly half of the survey respondents is to increase revenue, and interconnection was at the core of all the strategies cited as key to achieving this goal. Furthermore, of the enterprises already deploying interconnection strategies, more than one-third are reaping a total value of more than $10 millionfrom revenue gains and cost savings.
- According to
Bloomberg, four of the five fastest growing economies in the world are located in Asia-Pacific3. As the region continues to boom it will be increasingly important for businesses to be able to scale their IT needs to meet demand and enter new markets. The acquisition of Bit-isle will increase Platform Equinix from 21 to 27 data centers throughout Asia-Pacific, including in Australia, China, Hong Kong, Indonesia, Japanand Singapore, and to 33 markets around the world.
- Bit-isle adds data center capacity in close proximity to
Equinix'scarrier dense sites that Equinixcan leverage to continue to scale its global interconnection platform. The acquired data centers can be tethered to existing Equinix IBX data centers for campus connectivity to network and cloud service providers, business ecosystems and other enterprises within a metropolitan area.
- Prior to the acquisition
Equinixalready served 1,300+ customers in Asia-Pacificincluding 350+ networks and 390+ cloud and IT service providers. Bit-isle complements Equinix'scloud and network service provider customer base with a strong Japanese enterprise and systems integrator customer base, including some of Japan'slargest companies, while also adding strong local expertise to help drive Equinix'ssuccess in Japan.
Steve Smith, president and CEO, Equinix:
"For several years
Equinixhas been evaluating how to accelerate our leadership in this market. Bit-isle facilities are adjacent to our carrier dense sites in downtown Tokyo, giving us customer-ready capacity as well as the opportunity to scale Platform Equinix in this increasingly constrained, but important global market."
- For more information, including an investor presentation, the Notice of Commencement of Tender Offer for Share Certificates, Etc. of
Bit-isle Inc.(Stock Code: 3811) and the Notice of Results of Tender Offer for Share Certificates, Etc. of Bit-isle Inc.(Stock Code: 3811), both in English and Japanese, please visit the Equinix Investor Relations page.
- Equinix Plans to Expand Data Center Footprint in
Japanthrough Acquisition of Bit-isle [press release] Equinixto Build New $43M Data Centerin Tokyo[press release]
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 Bit-isle, the expected benefits from the acquisition and the expected timing for closing the acquisition. Factors that might cause such differences include, but are not limited to, the occurrence of any event, change or other circumstance that would compromise our ability to complete the acquisition of Bit-isle within the expected timeframe or at all; unanticipated costs or difficulties relating to the integration of companies we have acquired or will acquire into
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2 Source: Global Study Finds Number of
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/equinix-completes-tender-offer-of-bit-isle-300171184.html
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