LATAM’s Digital Transformation Growth Supports Equinix’s $45M Investment in its Second Data Center in Colombia

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REDWOOD CITY, CA., October 19, 2022 /PRNewswire/ — Equinix, Inc. (Nasdaq: EQIX), the global digital infrastructure™ company, today announced a $45 million Investment in Colombia for the construction of BG2, a new International Business Exchange™ (IBX®) data center in Bogotá, scheduled to open in the first half of 2023. With this new facility, Equinix reinforces its commitment to strengthening the digital economy through Latin America, with approximately 32,000 square feet (approximately 2,900 square meters) of colocation space, which is expected to be one of the largest data centers in Colombia. BG2 will provide global and local businesses and partners with the ability to directly and securely connect to the global digital economy, through comprehensive digital ecosystems.

Equinix has invested nearly 2 billion US dollars in Latin America since beginning operations in the region in 2011, including acquisitions and expansions in Brazil, Mexico, Colombia, Chile and Peru. Globally, the company operates more than 240 data centers in 71 markets.

“We have chosen to invest in Colombia because the country has a fast growing IT sector and is part of the fourth largest economy in LATAM,” said Tara RisserPresident, Americas, Equinix. “The country’s economy has boomed over the past decade, driven by thriving energy and manufacturing sectors. We believe the country is also well positioned to support companies looking to grow within LATAM, while remaining closely related to North America. BG2 is another example of our commitment to providing our customers with the right places, the right partners and the right possibilities for their digital transformations today and in the future. »

Highlights/Highlights

  • BG2 will be a state-of-the-art data center designed to provide secure cabinet and privacy cage deployments. The initial phase of BG2 will have a capacity of 550 cabinets, with space for additional cabinets in future phases. When fully built, the facility will provide a capacity of 1,100 cabinets.
  • Sustainability is an important topic for IT managers in Colombia according to Equinix’s 2022 Global Technology Trends Survey. Asked about the relevance of sustainability within their organizations, 78% of Colombian IT managers surveyed said that reducing the environmental footprint was a priority for their technology strategy, and 73% said they have a management plan against the impacts. possible environmental impacts due to the increasing use of data.
    • To meet Colombian sustainability requirements, BG2 will be the first Equinix site in the Americas to adopt the innovative Cool Array technology. This cooling system, already used by Equinix in various facilities in the EMEA region and Asia Pacific, is very efficient in terms of the volume of air delivered per unit of energy consumed. This solution also counts on free-cooling chillers that use the lower outdoor temperature to cool the air, which significantly reduces the annual energy consumption of the chiller compressor and contributes significantly to the overall efficiency of the building. .
  • The Global Tech Trends Survey 2022 also revealed that approximately 90% of Colombian respondents consider compliance with data regulations, the future-proofing of their business and improving the customer experience to be the top priorities of the technology strategy of their organization.
  • Equinix plans to extend a full suite of interconnect and digital services to BG2, including Equinix Fabric®, Equinix Internet Exchange®, Equinix Internet Access and Equinix Precision Time®. These solutions, currently available in BG1, allow customers to Colombia to connect in real time, directly and privately, to more than 10,000 enterprises, including more than 2,000 networks and ~3,000 cloud and IT service providers, via Platform Equinix® for increased performance, security and scalability .
  • BG2 customers will be able to connect easily and directly to BG1, which also enables low latency routes to the Equinix MI1 Miami IBX data center, home of the Miami Internet Exchange (IX), which connects most of LATAM and the Caribbean in the world. The Miami IX has over 150 participants exchanging well over 500 gigabits per second (Gbps) of traffic. This makes BG2 an optimal location for Managed Service Providers, Network Service Providers and Content Service Providers looking to strengthen ecosystems and strengthen the digital economy in the country. In addition, eleven different submarine cables land in Colombiaenabling low-latency connectivity with the rest of South America and to points north, including Miami.

Additional Quotes

  • Edward CarvalhoManaging Director, Equinix LATAM
    ”We continued to see business demand in Colombia due to its accelerated pace of innovation and digital transformation. Building a new data center will help us support Colombian digital leaders on their digital infrastructure journey and, of course, also those who want to become the digital leaders of the future.”

About Equinix
equinix (Nasdaq: EQIX) is the world’s digital infrastructure company. Digital leaders leverage Equinix’s trusted platform to bring together and interconnect core infrastructure at the speed of software. Equinix connects organizations to all the right places, partners and opportunities to scale with agility, accelerate the launch of digital services, deliver world-class experiences and multiply their value, all while supporting their sustainability goals.

Forward-looking statements
This press release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially from the expectations described in these forward-looking statements. Factors that could cause such differences include, but are not limited to, risks to our business and results of operations related to the COVID-19 pandemic; the current inflationary environment; exchange rate fluctuations; rising electricity supply costs and general volatility in the global energy market; the challenges of acquiring, operating and building IBX and xScale® data centers and the development, deployment and delivery of Equinix products and solutions; unforeseen costs or difficulties relating to the integration of companies we have acquired or will acquire into Equinix; an inability to receive meaningful revenue from customers in newly built or acquired data centers; failure to enter into contemplated financing agreements 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 debt; the loss or decline in business of our major customers; risks relating to our taxation as a REIT and other risks described from time to time in Equinix’s filings with the Securities and Exchange Commission. In particular, see Equinix’s recent and upcoming quarterly and annual reports filed with the Securities and Exchange Commission, copies of which are available upon request from Equinix. Equinix assumes no obligation to update the forward-looking information contained in this press release.

SOURCEEquinix, Inc.

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