Equinix completed its previously-announced, $335 million acquisition of Packet, a leading bare metal automation platform.
Equinix intends to operate the existing Packet business as "Packet, an Equinix company," while developing new solutions for enterprise customers that combine Packet's leading bare metal automation technology with the rich ecosystems, global reach and interconnection fabric of Platform Equinix. Zachary Smith, former CEO of Packet, will serve as managing director of the bare metal business.
Equinix said Bare Metal as a Service allows companies to rapidly deploy physical infrastructure at the edge.
Equinix to acquire Packet for bare metal automation platform
Equinix agreed to acquire Packet, a start-up based in NYC offering a bare metal automation platform for developers. Financial terms were not disclosed.
The acquisition will accelerate Equinix's strategy to help enterprises more seamlessly deploy hybrid multicloud architectures on Platform Equinix® and extract greater value from the platform's rich ecosystems and global interconnection fabric. By leveraging bare metal services at Equinix to deploy digital infrastructure on demand, customers will be better equipped to reach everywhere, interconnect everyone and integrate everything that matters to their business.
Equinix said intends to leverage the Packet offering to accelerate the development and delivery of its interconnected edge services. The idea is to offer an enterprise-grade bare metal offering across Platform Equinix that allows customers to rapidly deploy digital infrastructure, within minutes, at global scale.
Platform Equinix is a dynamic data center and interconnection platform that leverages the company's global footprint of more than 200 data centers.
Bare metal is a key foundational element allowing customers to deploy distributed, hybrid multicloud infrastructure on demand. A proven leader in bare metal automation, Packet's proprietary technology automates physical servers and networks without the use of virtualization or multitenancy.
"We started Packet in 2014 with a vision to redefine the next wave of cloud with a focus on the distribution and automation of fundamental infrastructure. This dovetails perfectly with Equinix's strategy for helping enterprises implement new digital architectures in a growing number of edge locations. The incorporation of Packet into Equinix will accelerate the delivery of enhanced edge services to Equinix's growing customer base, while continuing to serve the developer community that has come to rely on Packet's unique offering," states Zachary Smith, CEO, Packet.
The acquisition will accelerate Equinix's strategy to help enterprises more seamlessly deploy hybrid multicloud architectures on Platform Equinix® and extract greater value from the platform's rich ecosystems and global interconnection fabric. By leveraging bare metal services at Equinix to deploy digital infrastructure on demand, customers will be better equipped to reach everywhere, interconnect everyone and integrate everything that matters to their business.
Equinix said intends to leverage the Packet offering to accelerate the development and delivery of its interconnected edge services. The idea is to offer an enterprise-grade bare metal offering across Platform Equinix that allows customers to rapidly deploy digital infrastructure, within minutes, at global scale.
Platform Equinix is a dynamic data center and interconnection platform that leverages the company's global footprint of more than 200 data centers.Bare metal is a key foundational element allowing customers to deploy distributed, hybrid multicloud infrastructure on demand. A proven leader in bare metal automation, Packet's proprietary technology automates physical servers and networks without the use of virtualization or multitenancy.
"We started Packet in 2014 with a vision to redefine the next wave of cloud with a focus on the distribution and automation of fundamental infrastructure. This dovetails perfectly with Equinix's strategy for helping enterprises implement new digital architectures in a growing number of edge locations. The incorporation of Packet into Equinix will accelerate the delivery of enhanced edge services to Equinix's growing customer base, while continuing to serve the developer community that has come to rely on Packet's unique offering," states Zachary Smith, CEO, Packet.
