Accelerates Enablement of U.S. Public Sector IT Transformation
REDWOOD CITY, Calif., July 17, 2018 /PRNewswire/ -- Equinix, Inc. (Nasdaq: EQIX), the global interconnection and data center company, today announced it has completed the integration of Terremark Federal Group (TFG) into Equinix Government Solutions. The move marks the completion of the final component of last year's acquisition of 29 data centers from Verizon, which included TFG and secure data center facilities designed to serve the specific needs of the U.S. Federal Government ecosystem.
The integration of TFG expands Equinix's contract vehicles, federal industry expertise and capabilities in delivering secure interconnection and data center solutions for Federal agencies, systems integrators and civilian research and education groups, as they transform how public sector information technology is architected and delivered. By deploying at Equinix International Business Exchange™ (IBX®) data centers, these key participants in the Federal ecosystem can easily scale their direct connectivity to critical counterparties for the exchange of cloud-based data at the edge—a key requirement as they undergo IT modernization efforts.
TFG, acquired by Verizon in 2011, has a long and successful track record in servicing government interconnection solutions and cloud-enabled initiatives. As a part of Equinix Government Solutions, it will operate from multiple Equinix IBX data centers in the U.S., with the largest footprints in the Culpeper and Miami areas. Thirty-three TFG personnel, all of whom possess government security clearances, are now Equinix employees, and bring a deep understanding of the Federal sector to act as trusted advisors for IT transformation initiatives.
Equinix, Inc. (NASDAQ: EQIX) connects the world's leading businesses to their customers, employees and partners inside the most-interconnected data centers. In 52 markets across five continents, Equinix is where companies come together to realize new opportunities and accelerate their business, IT and cloud strategies. http://www.equinix.com.
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 data 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. In particular, 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.
1 IDC U.S. Federal Government Cloud Forecast, 2017-2021, April 2017, Doc #US41803117
SOURCE Equinix, Inc.