63 million dollar investment helps Equinix meet growing customer demand in Amsterdam, broadening capacity for digital ecosystems that drive business transformation
AMSTERDAM, Netherlands — April 09, 2021 — Equinix, Inc. (Nasdaq: EQIX), the world's digital infrastructure company™, today announced the completion of the construction of AM7 phase 3, an expansion of Equinix’s AM7 International Business Exchange™ (IBX®) in Amsterdam. The 63 million dollar investment boosts the capacity for further digitisation of local and international customers. To date, Equinix has invested over US$1B into its data centers in Amsterdam.
Equinix continues to invest in the Netherlands to support the country’s many emerging technology-driven industries, including financial services, healthcare, manufacturing, content & digital media, and the public sector. With data generation and analysis continuing to rapidly increase across these industries, the need to reduce complexity is growing. Traditional network architecture no longer suffices; companies need to implement comprehensive digital architectures to access, store, exchange and analyse data efficiently.
Against the backdrop of the COVID-19 pandemic, the urgency for digital leaders to ensure their businesses have robust digital infrastructures and strategies in place is more pronounced than ever. Directly and securely connecting to wide-ranging business ecosystems is vital for competitive advantage. The demand for digital service providers is rising, with IT leaders recognising that interconnection is a key factor in digital transformation. In a digital hub such as Amsterdam, where many service providers are at the heart of thriving ecosystems, there is a continuous need for growth.
Highlights / Key Facts
“The importance of digitisation has become clear to everyone, especially during the COVID-19 crisis. The Netherlands embraces digitisation and interconnection, and the direct exchange of data between organisations has become increasingly important. Amsterdam is one of Europe's most cloud-dense and highly connected cities, offering low-latency connectivity to the rest of the world. Equinix’s AM7 is a state-of-the-art data center and a key location in Europe. We have worked to ensure it supports large numbers of networks, cloud and service providers, in a sustainable and energy-efficient way. That is so important. Rich connectivity is the foundation of successful business ecosystems, allowing participants to develop and grow, whilst also strengthening each other. AM7 is at the core of the Equinix Southeast campus, which forms an important hub in the international digital infrastructure that businesses need today.”
“We are pleased to announce the completion of this latest build in Amsterdam. The increased investment enables us to serve even more customers and support them with highly interconnected ecosystems on Platform Equinix®. The expansion of AM7, a strategic hub location, should greatly support Dutch organisations as they continue in their digital transformation journeys, helping them thrive in the global digital economy during these challenging times.”
Equinix (Nasdaq: EQIX) is the world’s digital infrastructure company, enabling digital leaders to harness a trusted platform to bring together and interconnect the foundational infrastructure that powers their success. Equinix enables today’s businesses to access all the right places, partners and possibilities they need to accelerate advantage. With Equinix, they can scale with agility, speed the launch of digital services, deliver world-class experiences and multiply their value.
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 centers and developing, deploying and delivering Equinix products and solutions; unanticipated costs or difficulties relating to the integration of companies we have acquired or will acquire into Equinix; a failure to receive significant revenues from customers in recently built out or acquired data centers; a 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; risks related to our taxation as a REIT; 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.
Equinix Press Contacts
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Jennifer Vogels of Marijn Brokx van LEWIS:
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