Largest Equinix IBX in Australia’s Silicon Valley supports the country’s digital economy
SYDNEY, Australia — February 26, 2019 — Equinix, Inc. (Nasdaq: EQIX), the global interconnection and data centre company, today announced it is extending the digital edge with a new International Business ExchangeTM (IBX®) data centre in Sydney, to be named SY5. The US$160 million (approximately A$224 million) first phase of the South Sydney facility, which is targeted to open in Q3 2019 and will offer an initial capacity of 1,825 cabinets, further solidifies Equinix’s market leadership in Australia. The new IBX will be the largest to date for Equinix in Australia with 9,225 cabinets when fully built.
In 2018, New South Wales Premier Gladys Berejiklian predicted Sydney will become Australia’s version of Silicon Valley. The density of carriers, cloud service providers (CSP) and subsea cables in South Sydney make it an important location for Equinix.
A recent study by Frost & Sullivan also revealed that enterprises in Australia have high awareness of edge computing architecture.1 As the Australian market continues to advance year-on-year with growth in cloud computing, big data, IoT applications and analytics software, and with 5G going live this year, Equinix continues to expand its presence in Australia by bringing local and global businesses closer to the digital edge to support their digital transformation journeys.
Highlights / Key Facts
"The rise in the uptake of technologies such as analytics, IoT, cloud and 5G coming to fruition in Australia are built to leverage digital edge interconnections. Customer expectations will be high in terms of immediate availability of services, data and information with low latency. Edge computing architecture represents this next phase of IT transformation, and Equinix is at the forefront of this opportunity."
“Equinix aims to provide the best possible support for our customers as they navigate digital transformation, which is forecast to contribute more than US$1 trillion (approximately A$1.4 trillion) to the Asia-Pacific GDP by 2021.2 As a trusted advisor to our customers across the region, we are committed to expanding our platform and innovating new technologies to accelerate these digital transformation journeys. Following our announcement of new IBX data centres in Singapore and South Korea in January, we are thrilled to announce SY5 in Australia and further our reach across the country. I look forward to seeing Equinix continue to expand in Australia and lead the push towards a digital economy.”
“We’re thrilled to continue an exciting period of growth for Equinix globally with the addition of SY5 IBX in Sydney. Sitting on Platform Equinix, SY5 further enables us to offer scalable digital infrastructure and on-demand interconnection both in the local market and across the Asia-Pacific region via a single platform. Local businesses are increasingly functioning at the digital edge with interconnection. SY5 is a display of our commitment to meeting our customers’ needs, providing them with the ability to securely and directly connect their employees, partners and customers.”
Equinix, Inc. (Nasdaq: EQIX) connects the world’s leading businesses to their customers, employees and partners inside the most-interconnected data centres. In 52 markets across five continents, Equinix is where companies come together to realise new opportunities and accelerate their business, IT and cloud strategies. Equinix.com.au.
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. Factors that might cause such differences include, but are not limited to, unanticipated costs or difficulties relating to the integration of companies or new ventures we have acquired or will acquire into the Equinix platform; unanticipated costs or difficulties relating to expansion into new markets; the challenges of acquiring, operating and constructing IBX data centres and developing, deploying and delivering Equinix services; a failure to receive significant revenue from customers in recently built out or acquired data centres; failure to complete any financing arrangements contemplated from time to time; competition from existing and new competitors; the ability to generate sufficient cash flow or otherwise obtain funds to repay new or outstanding indebtedness; the loss or decline in business from our key customers; and other risks described from time to time in Equinix filings with the Securities and Exchange Commission. In particular, see recent Equinix quarterly and annual reports filed with the Securities and Exchange Commission, copies of which are available upon request from Equinix. Equinix does not assume any obligation to update the forward-looking information contained in this press release.
1 Frost & Sullivan’s Edge Computing Awareness Level – APAC, 2018
2 IDC’s Unlocking the Economic Impact of Digital Transformation in Asia Pacific, February 2018