November 3, 2015
REDWOOD CITY, Calif. and TOKYO, Nov. 3, 2015 /PRNewswire/ -- Equinix, Inc. (Nasdaq: EQIX), the global interconnection and data center company, acting through its Japanese subsidiary, today announced that it has completed a cash tender offer and has acquired approximately 97% of the equity interests (including stock options) of Bit-isle, Inc. Equinix will begin reporting consolidated financials as of November 2nd, and will acquire the remaining shares of Bit-isle by the end of 2015.
The acquisition of Bit-isle further strengthens Equinix's position in Asia-Pacific—the company's fastest growing region—improving the company's market position in Japan, and helping to meet growing demand for interconnection among Japanese businesses. Equinix gains 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 campus-like environments well-suited for customers' future expansion needs. With the acquisition of Bit-isle's six facilities, Platform Equinix™ now includes 111 data centers in 33 markets around the world.
Highlights / Key Facts
Equinix, Inc. (Nasdaq: EQIX) connects the world's leading businesses to their customers, employees and partners inside the most interconnected data centers. In 33 markets across five continents, Equinix is where companies come together to realize new opportunities and accelerate their business, IT and cloud strategies. www.equinix.com.
Forward Looking Statements
This press release contains forward-looking statements which are based on current expectations, forecasts and assumptions that involve risks and uncertainties that could cause actual results to differ materially from expectations discussed in such forward-looking statements, including statements related to the acquisition of Bit-isle, the expected benefits from the acquisition and the expected timing for closing the acquisition. Factors that might cause such differences include, but are not limited to, the occurrence of any event, change or other circumstance that would compromise our ability to complete the acquisition of Bit-isle within the expected timeframe or at all; unanticipated costs or difficulties relating to the integration of companies we have acquired or will acquire into Equinix, including Bit-isle; the challenges of acquiring, operating and constructing IBX centers and developing, deploying and delivering Equinix services; 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's filings with the Securities and Exchange Commission. In particular, see Equinix's recent 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 Source: Fuji Chimera Research Institute
2 Source: Global Study Finds Number of Interconnected Enterprises to Double by 2017 http://www.equinix.com/newsroom/press-releases/pr/?prId=123408
3 Source: Bloomberg: The 20 Fastest-Growing Economies This Year (2015) http://www.bloomberg.com/news/articles/2015-02-25/the-20-fastest-growing-economies-this-year
SOURCE Equinix, Inc.
Media, Lorraine Little-Bigelow (Asia), + (852) 2970 7742, email@example.com, or Liam Rose (Americas), +1 (650) 598-6590, firstname.lastname@example.org, or Investor Relations, Katrina Rymill, +1 (650) 598-6583, email@example.com, or Paul Thomas, +1 (650) 598-6442, firstname.lastname@example.org, all of Equinix