SYDNEY, Australia – March 11, 2019 – Equinix, Inc. (Nasdaq: EQIX), the global interconnection and data centre company, today announced an initial investment of US$84 million (approximately A$117 million) to build a new International Business ExchangeTM (IBX®) data centre in Melbourne to support the growing demand for digital transformation. The first phase of the IBX data centre, to be named ME2, is set to open in Q3 2019 with an initial capacity of 1,000 cabinets.
With more than 8,000 local and global technology companies, Melbourne is a burgeoning A$34 billion (approximately US$24 billion) information and communications technology (ICT) hub. Since entering the market in 2015, Equinix has built a mature ecosystem in the city of over 200 customers across multiple industries, with the network effect creating increased need for further capacity to support growing demand for digital transformation.
In addition to providing geographic redundancy solutions for customers currently residing in Equinix facilities across Australia, the ME2 IBX will offer space to new customers wanting to benefit from the network effect of its rich interconnection ecosystem.
Highlights / Key Facts
- The ME2 IBX will be located in Port Melbourne, about four miles (approximately six kilometres) from Melbourne’s central business district. The IBX will host a colocation space of more than 29,300 square feet (2,730 square metres) at completion of phase 1 and more than 88,000 square feet (8,190 square metres) when fully built.
- As part of Platform Equinix®, ME2 will offer a wide range of interconnection options, including Equinix Cloud Exchange Fabric™ (ECX Fabric™), which allows businesses to set up on-demand and secure connections to more than 1,400 participants across all regions around the world. ECX Fabric provides the largest cloud on-ramp to more than 265 cloud service providers (CSP) in Australia, including Alibaba, Amazon AWS, Google Cloud, Microsoft Azure, SAP Cloud, Oracle, SoftLayer and other local providers.
- Equinix IBX data centres in Melbourne make up two campuses, giving customers network-rich redundancy options for implementation of a resilient infrastructure in the metro. ME2 will be located adjacent to ME1 with direct physical access between the buildings via a secure link bridge. The proximity of ME2 with ME1 allows for seamless expansion of services for existing Equinix ME1 ecosystem members.
- The ME2 IBX will also benefit from Equinix Metro Connect connectivity to the ME4 IBX in Derrimut, providing customers with the ability to support geographical diversity and redundancy as needed to support full business continuity within the state.
- As the only location in Victoria with direct access to the two largest peering points and the Australia Singapore Cable (ASC) access point, the Melbourne facilities offer strong network connectivity with a broad range of over 50 network service providers (NSP).
- Melbourne is increasingly experiencing enterprise transformation and is predicted to have a digital economy worth more than A$50.8 billion (approximately US$36 billion) by 2020. The Equinix IBX data centres in Melbourne enable companies to digitize their businesses by embracing cloud applications from more than 80 Cloud and IT service providers, and get closer to the digital edge, offering the ability to support large scale deployments and access to the diverse Victorian economy.
- Equinix continues to invest in its market leading presence in Australia including the acquisition of Metronode in 2018. When the two new IBX data centres open in Sydney (SY5) and Melbourne (ME2) later this year, Equinix will have a national footprint of 17 IBX data centres across Melbourne, Sydney, Perth, Canberra, Adelaide and Brisbane.
- Equinix currently has 40 IBX data centres across 12 markets in Asia-Pacific. Earlier in 2019, the company announced it is building its fourth IBX data centre in Singapore and its first IBX data centre in the new market of Seoul, South Korea.
- Platform Equinix is comprised of 200 IBX data centres across 52 markets and 24 countries, providing data centre and interconnection services for more than 9,800 of the world’s leading businesses.
- Samuel Lee, President, Equinix Asia-Pacific
“The past few years have been an exciting time of growth for Equinix globally as we aim to provide the best possible support for our customers navigating digital transformation. Australia is a key market in the Asia-Pacific region for Equinix, and we have been investing heavily to capitalize on the opportunities in the market as a result of digital transformation and increasing adoption of cloud services. We are thrilled to continue our growth in this region with ME2.”
- Jeremy Deutsch, Managing Director, Equinix Australia
“We started in Melbourne only four years ago with our green fields build of ME1. Fast forward to today we now have four sites with two distinct campus locations in Melbourne. These sites house a combined ecosystem that provides the perfect building blocks to enable digital transformation. The Melbourne metro continues to provide some of the most advanced hybrid multi-cloud implementations. Together with the upcoming ME2, we are creating a place where enterprises can interconnect and leverage our services.”
Equinix, Inc. (Nasdaq: EQIX) connects the world’s leading businesses to their customers, employees and partners inside the most-interconnected data centers. In 52 markets worldwide, Equinix is where companies come together to realize new opportunities and accelerate their business, IT and cloud strategies. Equinix.com.au
This press release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially from expectations discussed in such forward-looking statements. Factors that might cause such differences include, but are not limited to, the challenges of acquiring, operating and constructing IBX data centres and developing, deploying and delivering Equinix services; unanticipated costs or difficulties relating to the integration of companies we have acquired or will acquire into Equinix; 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.