HONG KONG, Aug. 15, 2017 /PRNewswire/ -- Equinix, Inc.
(Nasdaq: EQIX), the global interconnection and data center company,
today announced an expansion in Hong
Kong with the opening of its fifth International Business
Exchange™ (IBX®) data center, known as HK5.
Built in close proximity to financial data center hubs and
subsea landing stations, the new US$32
million facility is tailor-made to meet demand for
interconnection from the city's financial services firms and other
industries. It is scheduled to open in the fourth quarter of
2017.
According to a recent study by
Microsoft,1 business leaders in Hong Kong are showing urgency in embracing the
fourth Industrial Revolution, and 66 percent recognize the need to
transform to a digital business to enable future growth. However,
the study also cited a lack of supporting Information and
Communication Technology (ICT) infrastructure as one of the major
barriers to digital transformation.
HK5 will play a crucial role in providing interconnection, which
is a key piece of the infrastructure on which Honk Kong's most
successful industries—such as financial services and FinTech
firms—rely to drive innovation, remain competitive and continue to
grow.
Highlights/key facts
- Located in the heart of Hong
Kong's financial data center nexus of Tseung Kwan O, the
eight-story facility is purpose-built, designed from the ground up
to satisfy the stringent regulatory requirements imposed on
financial services firms. In addition to robust reliability and
disaster preparedness, HK5 provides customers with the highest
levels of security, compliance and operational excellence.
- With more than 48,000 square feet of colocation space, HK5 will
add 1,200 cabinets to the global interconnection leader's footprint
in the city upon completion. Located in a brand-new building in an
area specifically zoned for data center use, HK5 offers unique
scalability, reliability and high-performance colocation and
interconnection services.
- HK5 is connected to HK1, HK2 and HK3 via diverse path fiber
connections, creating a digital campus that allows customers
residing in HK5 to reap the benefits of other Equinix IBXs in the
city. This also makes HK5 the ideal backup and/or expansion
location for customers already deploying in other Equinix Hong Kong
data centers.
- HK5 offers the flexibility and scalability to meet changing
business needs by offering access to one of the world's richest and
most diverse digital ecosystems. This enables businesses to
interconnect directly to more than 425 companies colocated with
Equinix in Hong Kong.
- HK5 employs green features including granular temperature
monitoring, cold aisle containment and optimized lighting control
to deliver a high degree of energy efficiency. In line with the
Equinix sustainability philosophy, the new data center has a small
environmental footprint, with an annual average PUE (power usage
efficiency) as low as 1.45.
- Apart from HK5, Equinix recently announced a series of
expansions in Asia-Pacific,
including Hong Kong, Melbourne, Singapore, Sydney and Tokyo. With the addition of HK5, Equinix will
have 30 IBX data centers in Asia-Pacific, and its total global footprint
will cover more than 180 IBX data centers across 44 markets.
- Hong Kong data centers are
business hubs for more than 125 financial ecosystem participants,
such as FXecosystem, a leading provider of outsourced connectivity
services to the FX and bond markets. The company colocated with
Equinix in New York (NY4), and has
since expanded into London (LD4),
Hong Kong (HK1) and Singapore (SG1).
Quotes
- James Banister, CEO,
FXecosystem:
"Equinix's strong reputation in the
financial services industry, combined with its largest multi-asset
electronic trading ecosystem - a robust collection of
interconnected execution venues and trading platforms, market data
vendors, service providers, buy-side and sell-side firms, made it
the obvious choice to support our Asian expansion. Leveraging
Equinix's interconnection platform across Hong Kong, London, New
York and Singapore, we are
able to help institutional and retail FX clients in Europe and America to expand into Asia."
- Samuel Lee, President,
Equinix Asia-Pacific:
"With the recent data center
expansions in Singapore and
Sydney, and now the opening of
HK5, Equinix continues to expand its presence across Asia-Pacific. Our ongoing growth signifies our
commitment to the region and to developing our global footprint to
benefit our customers and support growing digital business needs.
The launch of HK5 will enable our customers in Hong Kong and beyond to have access to the
vast interconnection opportunities needed to innovate and
grow."
- Alex Tam, Managing Director,
Equinix Hong Kong:
"With companies in Hong Kong rapidly embracing the multiple
opportunities offered by the digital economy, the demand for
interconnection continues to rise. Equinix has always offered the
premium services and scale required by the city's enterprises,
including the many financial services firms that make up our
customer portfolio. With the opening of HK5, we will continue to
deliver the level of excellence and interconnection that industry
regulators expect and which our customers demand."
Additional resources
- HK5 Data Center [web page]
- HK5 Data Center Technical Specifications [data sheet]
- Hong Kong Data Centers [web page]
- Equinix Cloud Exchange [web page]
About Equinix
Equinix, Inc. (Nasdaq: EQIX) connects the world's leading
businesses to their customers, employees and partners inside the
most interconnected data centers. In 44 markets across five
continents, Equinix is where companies come together to realize new
opportunities and accelerate their business, IT and cloud
strategies. Equinix.hk.
Forward-looking statements
This press release contains forward-looking statements that
involve risks and uncertainties. Actual results may differ
materially from expectations discussed in such forward-looking
statements. Factors that might cause such differences include, but
are not limited to, the challenges of acquiring, operating and
constructing IBX centers and developing, deploying and delivering
Equinix services; unanticipated costs or difficulties relating to
the integration of companies we have acquired or will acquire into
Equinix; a failure to receive significant revenue from customers in
recently built out or acquired data centers; failure to complete
any financing arrangements contemplated from time to time;
competition from existing and new competitors; the ability to
generate sufficient cash flow or otherwise obtain funds to repay
new or outstanding indebtedness; the loss or decline in business
from our key customers; and other risks described from time to time
in Equinix filings with the Securities and Exchange Commission. See
recent Equinix quarterly and annual reports filed with the
Securities and Exchange Commission, copies of which are available
upon request from Equinix. Equinix does not assume any obligation
to update the forward-looking information contained in this press
release.
Equinix and IBX are registered trademarks of Equinix, Inc.
International Business Exchange is a trademark of Equinix,
Inc.
1 Microsoft Asia Digital Transformation
Study
View original content with
multimedia:http://www.prnewswire.com/news-releases/equinix-invests-32-million-to-expand-footprint-in-hong-kong-with-new-data-center-opening-300504893.html
SOURCE Equinix, Inc.