Equinix to acquire Bit-isle for $280 mn to expand presence in Japan

Equinix Chief Executive Officer Steve Smith
Equinix announced its plans to acquire Tokyo-based Bit-isle for $280 million in order to strengthen its data center presence in Japan and Asia Pacific.

Steve Smith, president and CEO of Equinix, said: “With the acquisition of Bit-isle, Equinix will be in a strong position to attract Japanese enterprises.”

With the acquisition of Bit-isle, Equinix will gain significant scale by creating the fourth largest data center operator in Japan.

Equinix will gain five data centers in Tokyo and one in Osaka in close proximity to the existing Equinix International Business Exchange (IBX) data centers in Japan creating campuses for customers’ future expansion needs.

After the completion of TY5 in Q1 2016, Equinix will have 10 IBX data centers in Tokyo and two in Osaka.

The combination will accelerate Equinix’s cloud and enterprise ecosystem growth as well as create significant cross selling opportunities.

Equinix Japan has the highest mix of interconnection revenue in the company’s APAC region. Bit-isle adds close geographic capacity adjacent to Equinix’s carrier dense sites that Equinix can leverage to continue to scale its global interconnection platform.

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

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