Digital infrastructure company, Equinix, has announced the completion of its acquisition of 13 data centres in Canada and its operations from BCE Inc. (Bell).
The US$780m all-cash transaction includes
more than 600 customers, of which more than 500 are new to Equinix, and
approximately 1.2 million gross square feet of data centre space.
Research Vice President, IDC, says; “Canada is the third largest
economy in the Americas, and the tenth largest in the world. It is also home to
a thriving aggregation of multinational corporations that are seeking a clear
and rapid migration path to digital transformation.
“We expect to see
Canadian spending on digital transformation reach C$28 billion in
2020 with a growth rate of 7%, as companies look to accelerate their digital
initiatives. This acquisition will offer both Canadian businesses and
multinationals operating in Canada with a strong new option for
building out and managing their digital infrastructure at key edge metros
within the country.”
The company also announced that Andrew Eppich,
a six-year veteran of Equinix originally from Toronto, has been appointed
Managing Director, Canada.
In this role, Eppich will be responsible for
defining Equinix’s strategic vision to: develop the enterprise market; deliver
a strong network of prospects, customers and channel partners; provide thought
leadership to accelerate new business and revenue growth; and expand Equinix’s
role as a trusted advisor to companies as they expand their digital