& cplSiteName &

Equinix Buys Infomart Dallas for $800M in Southwest Expansion

Carol Wilson

Equinix has acquired Infomart Dallas, a major interconnection hub and home to half of its eight International Business Exchange centers, for $800 million, the company announced today, just ahead of its fourth quarter earnings call.

The acquisition is the latest in a series of expansion moves by Equinix Inc. (Nasdaq: EQIX) and gives it a much bigger presence in what is a large interconnection and colocation market, critical to the southwestern part of the US. Unlike some other Equinix expansion efforts, this one is also a major real estate deal, giving it additional "owned assets" versus leased space. In a statement, Equinix said it will now earn 45% of its revenues from owned assets.

Infomart Dallas has 1.6 million gross-square-feet of space, with multiple fiber optic entry points. According to Equinix, it still has approximately 11 megawatts of power available for expansion and the ability to develop another 40 MW of power on adjacent land. Equinix is the largest of its 45 tenants, which include networks, colocation providers and office tenants as well.

The move positions Equinix for major expansion in the region as it continues to compete with other data center and interconnection providers such as Digital Realty Trust Inc. Equinix is being the facility from ASB Real Estate Investments, in a debt and cash deal.

Separately, Equinix announced 2017 revenues of $4.36 billion, up 21% over 2016, including $359 million in revenue from the 29 Verizon data centers it acquired and $17 million from a Turkish data center deal. Operating income was $809 million, up 31% over 2016. The company is projecting a $5 billion revenue stream for 2018.

— Carol Wilson, Editor-at-Large, Light Reading

(0)  | 
Comment  | 
Print  | 
Newest First  |  Oldest First  |  Threaded View        ADD A COMMENT
Featured Video
From The Founder
Light Reading founder Steve Saunders recently visited the University of North Carolina Charlotte (UNCC) where Cisco's Tetration application is providing data center analytics, simplifying SDN, helping with cloud migration and overseeing white-list security policy.
Flash Poll
Upcoming Live Events
March 20-22, 2018, Denver Marriott Tech Center
March 22, 2018, Denver, Colorado | Denver Marriott Tech Center
March 28, 2018, Kansas City Convention Center
April 4, 2018, The Westin Dallas Downtown, Dallas
April 9, 2018, Las Vegas Convention Center
May 14-16, 2018, Austin Convention Center
May 14, 2018, Brazos Hall, Austin, Texas
September 24-26, 2018, Westin Westminster, Denver
October 9, 2018, The Westin Times Square, New York
October 23, 2018, Georgia World Congress Centre, Atlanta, GA
November 7-8, 2018, London, United Kingdom
November 8, 2018, The Montcalm by Marble Arch, London
November 15, 2018, The Westin Times Square, New York
December 4-6, 2018, Lisbon, Portugal
All Upcoming Live Events
Hot Topics
Dell CTO: Public Cloud Is 'Way More Expensive Than Buying From Us'
Mitch Wagner, Editor, Enterprise Cloud, 3/19/2018
Is Business Voice Rapidly Fading?
Carol Wilson, Editor-at-large, 3/15/2018
Eurobites: BT Hires Sherman as Strategy Tank
Paul Rainford, Assistant Editor, Europe, 3/14/2018
Amazon Proves Video's Worth
Mari Silbey, Senior Editor, Cable/Video, 3/15/2018
Animals with Phones
Live Digital Audio

A CSP's digital transformation involves so much more than technology. Crucial – and often most challenging – is the cultural transformation that goes along with it. As Sigma's Chief Technology Officer, Catherine Michel has extensive experience with technology as she leads the company's entire product portfolio and strategy. But she's also no stranger to merging technology and culture, having taken a company — Tribold — from inception to acquisition (by Sigma in 2013), and she continues to advise service providers on how to drive their own transformations. This impressive female leader and vocal advocate for other women in the industry will join Women in Comms for a live radio show to discuss all things digital transformation, including the cultural transformation that goes along with it.

Like Us on Facebook
Twitter Feed