Business
Equinix Expands in Montreal to Support Growing Financial Services, Gaming, Aerospace Sectors
With a $50M investment, new data center adds strategic digital infrastructure capacity to support customer expansions in one of the fastest growing edge
About this update from Equinix, Inc.
[{"type":"text","content":"With a $50M investment, new data center adds strategic digital infrastructure capacity to support customer expansions in one of the fastest growing edge metros in the world\n\n\nREDWOOD CITY, Calif. and MONTREAL, April 5, 2023 /PRNewswire/ -- As Montreal continues to expand its position as a world leader in industries such as Visual Effects (VFX), gaming, financial services and aerospace, Equinix, Inc. (Nasdaq: EQIX), the world's digital infrastructure company™, today announced a new state-of-the-art International Business Exchange™ (IBX®) data center in Montreal. The new facility is expected to open in the second half of 2023.\nKnown as MT2, the new site will expand Equinix's presence in Montreal and continue the company's commitment to bring the full value of Platform Equinix® and its portfolio of solutions to Canadian businesses. Montreal is a key economic center in Canada and globally, as well as a major innovation hub with one of the largest concentrations of technology workforces in Canada. \nAndrew Eppich, Managing Director at Equinix Canada, noted, \"MT2 represents a major milestone in our investment to bring the best of Equinix to Canada and the best of Canada to the world. Montreal is a key economic center in Canada and globally, with a thriving and innovative ecosystem known for its diversity, creativity and collaborative spirit. Expanding our footprint in this metro will offer companies the best-in-class data center design with access to connectivity both globally and within Canada, so they can advance on their digital infrastructure and innovation journey at home and abroad.\"\nMontreal is also one of the fastest growing edge metros in the world, with its interconnection bandwidth forecasted to grow by a 46% CAGR by 2025, according to the Global Interconnections Index 2023, a report published by Equinix. Edge metros are those locations primarily used as the interface between the physical and digital worlds, as organizations connect to customers, edge devices and places of business and participate in local marketplaces. In recent years, the city has also established itself as one of the top tech hubs in North America, attracting top talent and investment from around the world, with a large ecosystem of industries like Gaming, Aerospace and Financial Services, for example.\nAccording to Jason Bremner, Research Vice Pr...