API integration with ECX Fabric allows streamlined access to Alibaba Cloud across the Americas, Asia-Pacific and EMEA
REDWOOD CITY, Calif., July 7, 2020 /PRNewswire/ -- Equinix, Inc. (Nasdaq: EQIX), the global interconnection and data center company, today announced it will extend access to Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, through Platform Equinix® for customers from 17 metros globally, including Dubai, Frankfurt, Hong Kong, Jakarta, London, Singapore, Sydney, Tokyo, as well as US metros such as Chicago, Dallas, Denver. This expansion, along with its API integration with Equinix Cloud Exchange Fabric™ (ECX Fabric™), will help enterprises from these global markets easily and privately connect to Alibaba Cloud on Platform Equinix.
Alibaba Cloud is the third largest global provider of Infrastructure-as-a-Service (IaaS) and the largest in Asia-Pacific, according to Gartner.1 With the partnership, Alibaba Cloud can also enjoy secure, direct access to a robust, interconnected ecosystem of more than 9,700 customers, including 1,800 network providers and over 2,900 cloud and IT service providers globally to enhance performance, lower latency, and increase reliability for its customers.
As a key enabler of digital transformation, cloud has been heavily adopted by multinational enterprises as they seek to modernize and mobilize their IT systems. According to Gartner, IaaS is expected to reach $62 billion in 2021 globally, and is forecast to grow at a compound annual growth rate (CAGR) of 24% during the forecast period 2019-2024.2 To deliver on the expectations of transformation, it is critical for enterprises to ensure they can securely and seamlessly access multiple cloud service providers (CSPs), such as Alibaba Cloud.
In view of increasing market demand, Alibaba Cloud has also integrated its API with ECX Fabric™ to streamline the process for enterprises to facilitate private and direct connections to Alibaba Cloud. Through a single portal, customers can create and manage private connections to Alibaba Cloud on demand in any of the 45 ECX Fabric metros, in minutes.
"Equinix's global platform and ever-expanding footprint has made it easy for Alibaba Cloud to grow into new markets and offer our customers access to a rich ecosystem of cloud service providers via Platform Equinix and Equinix Cloud Exchange Fabric. This valuable and growing collaboration enables us to deliver further flexibility and security, while also bringing our services closer to businesses, without having to compromise on speed or performance."
"We are glad to deepen our collaboration with Alibaba Cloud in new metros around the world. In today's digital economy, delivering cloud computing has become a top priority for enterprises. As such, direct access to cloud service providers, like Alibaba Cloud, via high-speed, low-latency connections is helping enterprises gain a competitive advantage and fully realize the benefits of the cloud. We are happy that we share the common goal with Alibaba Could to help enterprises locate services, interconnect to them and build valuable relationships with their business partners. With this extended reach, we will continue to partner with Alibaba Cloud and support more enterprises to accelerate their digital journey across the globe."
Equinix, Inc. (Nasdaq: EQIX) connects the world's leading businesses to their customers, employees and partners inside the most-interconnected data centers. On this global platform for digital business, companies come together across more than 55 markets on five continents to reach everywhere, interconnect everyone and integrate everything they need to create their digital futures. 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 centres and developing, deploying and delivering Equinix products and solutions; unanticipated costs or difficulties relating to the integration of companies we have acquired or will acquire into Equinix; a failure to receive significant revenues from customers in recently built out or acquired data centres; a 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; risks related to our taxation as a REIT; 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 Gartner - Market Share: IT Services Worldwide 2019, April 2020, Super Region: Asia/Pacific
2 Gartner - Forecast: Public Cloud Services, Worldwide, 2018-2024, 1Q20 Update, May 2020
3 Gartner - Market Share: IT Services Worldwide 2019, April 2020: Infrastructure as a Service
SOURCE Equinix, Inc.