Data Center Company Equinix Signs Definitive Agreement to Acquire the Infomart Dallas Interconnection Hub
February 17, 2018
Data center company Equinix, Inc. (Equinix) has signed a definitive agreement to acquire the ‘Infomart Dallas’ interconnection hub. Established in 1998, Equinix has headquarters in Redwood City, California, United States. The company has Microsoft Gold Cloud Platform status and provides services that include enterprise and cloud solutions through a ‘carrier-neutral’ data center network which includes worldwide facilities. The acquisition will reportedly cost the company $800 million.
Infomart Dallas is “Texas’ largest data center ecosystem” and provides a comprehensive hub for interconnection throughout the Southern United States. It provides a “premier ecosystem for high-performance colocation” for “companies with a need for speed”. It includes four of the eight Equinix Dallas International Business Exchange (IBX) data centers which together offer around 3,500 cabinets. The $800 million debt and cash acquisition will see Equinix absorb Infomart Dallas’ operations, tenants and approximately 50 Infomart employees. The deal will be completed mid-2018 “subject to the satisfaction of customary closing conditions” and completion will strengthen Equinix’s position as an emerging regional digital gateway.
"As Dallas becomes an increasingly strategic North American interconnection hub for businesses making the shift to digital, the acquisition of the Infomart will enable existing and new customers to scale their operations with Equinix,” explained Equinix’s President, Americas, Mr. Karl Strohmeyer. “This includes a rich portfolio of interconnection options, including on-demand connections to partners and infrastructure in any Equinix location globally through the new capabilities of Equinix Cloud Exchange Fabric."