Equinix to acquire bare metal automation platform Packet
The acquisition is in line with Equinix’s strategy to help enterprises more seamlessly deploy hybrid multicloud architectures on Platform Equinix.
Global interconnection and data center company Equinix Inc (NASDAQ:EQIX) today announces that it has entered into a definitive agreement to acquire bare metal automation platform Packet.
The acquisition is set to add momentum to Equinix’s strategy to help enterprises more seamlessly deploy hybrid multicloud architectures on Platform Equinix and obtain greater value from the platform’s rich ecosystems and global interconnection fabric.
Equinix intends to leverage the Packet offering to accelerate the development and delivery of its interconnected edge services. Via the combination of Packet’s innovative and developer-oriented bare metal service offering and Equinix’s interconnection capabilities and organic bare metal efforts, Equinix aims to create a world class, enterprise-grade bare metal offering across Platform Equinix that allows customers to rapidly deploy digital infrastructure, within minutes, at global scale.
Thanks to a combined Equinix and Packet solution, enterprises and service providers will be able to build and deploy low-latency services at the edge either through their choice of owned physical deployments, or by utilizing the combined offering, which leverages as-a-service consumption to reduce CAPEX and resource requirements.
Equinix anticipates the Packet acquisition to close during the first quarter of fiscal year 2020. Equinix is poised to disclose additional details of the deal upon completion of the acquisition.