Business
Equinix Completes Acquisition of Bare Metal Leader Packet
Acquisition Accelerates Equinix Strategy to Enable Enterprises to Seamlessly Deploy Hybrid Multicloud Infrastructures REDWOOD CITY, Calif., March 3, 2020
About this update from Equinix, Inc.
[{"type":"text","content":"Acquisition Accelerates Equinix Strategy to Enable Enterprises to Seamlessly Deploy Hybrid Multicloud Infrastructures\n\n\n REDWOOD CITY, Calif., March 3, 2020 /PRNewswire/ -- Equinix, Inc. (Nasdaq: EQIX), the global interconnection and data center company, today announced it has completed the acquisition of Packet, a leading bare metal automation platform. The transaction, announced on January 14, 2020, accelerates Equinix's strategy to help enterprises seamlessly deploy hybrid multicloud architectures.\nAs a part of the $335 million transaction, the combined company will operate the existing Packet business as \"Packet, an Equinix company,\" while developing new solutions for enterprise customers that combine Packet's leading bare metal automation technology with the rich ecosystems, global reach and interconnection fabric of Platform Equinix®. Zachary Smith, former CEO of Packet, will serve as managing director of the bare metal business. \nBy leveraging Packet's innovative and developer-oriented bare metal service offering to accelerate its organic bare metal solution development, Equinix aims to create advanced solutions for enterprises to rapidly deploy digital infrastructure at global scale with differentiated performance and robust integration to the public cloud. Businesses will be able to deploy advanced IT infrastructures via the physical or virtual consumption model of their choice, enabling them to more easily reach everywhere, interconnect everyone and integrate everything that matters to their business. \n\nHighlights/Key Facts\nAs enterprises today embrace digital transformation and adopt hybrid multicloud and edge architectures as the modern digital infrastructure of choice, the most forward-thinking organizations are increasingly recognizing the need for speed, agility, control and flexibility when managing their hybrid multicloud workloads. Bare metal is a new category of digital infrastructure, enabling businesses to deploy workloads on secure, single-tenant hardware, distributed geographically for proximity and performance. Focused on hardware-only automation, bare metal allows companies to select and deploy their own choice of operating system or virtualization software in hybrid multicloud environments. A proven leader in bare metal automation, Packet's proprietary technology automates physical servers and...