Categories: CloudDatacentre

Equinix Snaps Up Japanese Data Centre Provider Bit-Isle

Equinix is beefing up its data centre footprint once again by scooping up Japanese data centre provider Bit-isle for $280 million (£182m).

The purchase will undoubtedly strengthen Equinix’s Asia Pacific presence, with Bit-isle operating almost 4,000 racks as of June this year.

Fourth-largest

After the acquisition, Equinix will have become the fourth largest data centre provider in Japan, hosting five data centers in Tokyo and one in Osaka.

“We will continue to support Japanese companies in Japan, and in every market where they do business,” said Kohei Terada, CEO of Bit-isle.

Steve Smith, Equinix’s president, explained how Equinix is looking to attract the attention of Japanese businesses.

“Both Equinix and Bit-isle have the same vision for cloud computing, and Bit-isle’s five data centers are in the best locations in Tokyo,” said Smith.

The acquired data centres will be tethered to existing Equinix IBX data centres for campus connectivity to network and cloud service providers, business ecosystems and other enterprises within a metropolitan area.

In July, Equinix reported a 10 percent increase in revenues from the same quarter last year, helped by strong growth in snapping up cloud customers.

Revenues were $665.6 million (£426m)  for the second quarter, up 3 percent from Q1. Recurring revenues, which are made up of Equinix’s colocation, interconnection and managed services businesses were $626.7 million (£400m) for the second quarter, a 3 percent increase over the previous quarter and a 9 percent increase over the same quarter last year.

Take our data centre quiz here!

Ben Sullivan

Ben covers web and technology giants such as Google, Amazon, and Microsoft and their impact on the cloud computing industry, whilst also writing about data centre players and their increasing importance in Europe. He also covers future technologies such as drones, aerospace, science, and the effect of technology on the environment.

Recent Posts

Apple Sales Rise 6 Percent After Early iPhone 16 Demand

Fourth quarter results beat Wall Street expectations, as overall sales rise 6 percent, but EU…

22 hours ago

X’s Community Notes Fails To Stem US Election Misinformation – Report

Hate speech non-profit that defeated Elon Musk's lawsuit, warns X's Community Notes is failing to…

23 hours ago

Google Fined More Than World’s GDP By Russia

Good luck. Russia demands Google pay a fine worth more than the world's total GDP,…

24 hours ago

Spotify, Paramount Sign Up To Use Google Cloud ARM Chips

Google Cloud signs up Spotify, Paramount Global as early customers of its first ARM-based cloud…

2 days ago

Meta Warns Of Accelerating AI Infrastructure Costs

Facebook parent Meta warns of 'significant acceleration' in expenditures on AI infrastructure as revenue, profits…

2 days ago

AI Helps Boost Microsoft Cloud Revenues By 33 Percent

Microsoft says Azure cloud revenues up 33 percent for September quarter as capital expenditures surge…

2 days ago