Equinix finalizes acquisition of bare metal automation platform Packet
The deal accelerates Equinix’s strategy to help enterprises seamlessly deploy hybrid multicloud architectures.
Global interconnection and data center company Equinix Inc (NASDAQ:EQIX) today announced the completion of the acquisition of bare metal automation platform Packet. The transaction, initially announced on January 14, 2020, accelerates Equinix’s strategy to help enterprises seamlessly deploy hybrid multicloud architectures.
As a part of the $335 million deal, the combined company will operate the existing Packet business as “Packet, an Equinix company,” while developing new solutions for enterprise customers that combine Packet’s leading bare metal automation technology with the rich ecosystems, global reach and interconnection fabric of Platform Equinix. Zachary Smith, former CEO of Packet, will assume the role of managing director of the bare metal business.
By leveraging Packet’s innovative and developer-oriented bare metal service offering to accelerate its organic bare metal solution development, Equinix aims to create advanced solutions for enterprises to rapidly deploy digital infrastructure at global scale with differentiated performance and robust integration to the public cloud.
Businesses will be able to deploy advanced IT infrastructures via the physical or virtual consumption model of their choice, enabling them to more easily reach everywhere, interconnect everyone and integrate everything that matters to their business.
Bare metal is a new category of digital infrastructure, enabling businesses to deploy workloads on secure, single-tenant hardware, distributed geographically for proximity and performance. Focused on hardware-only automation, bare metal allows companies to select and deploy their own choice of operating system or virtualization software in hybrid multicloud environments.
Bare Metal as a Service allows companies to rapidly deploy physical infrastructure at the edge.
With a combined Equinix and Packet solution, enterprises and service providers can gain the agility and flexibility they need 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.