Equinix Expands to South America

February 16, 2011 by · Comments Off on Equinix Expands to South America 

Hosting BlogREDWOOD CITY, CA – Equinix, Inc. (Nasdaq: EQIX), a provider of global data center services, and Riverwood Capital, a technology-focused private equity firm, today announced that they have entered into a definitive agreement to acquire approximately 90 percent of ALOG Data Centers of Brazil S.A. in an all cash transaction valued at approximately $127 million. Equinix will hold controlling interest, Riverwood will hold a significant minority stake and approximately 10 percent will be held by current members of ALOG’s management team. Beginning three years following the close of the transaction, Equinix has the right, and in certain circumstances may be required, to acquire 100 percent of ALOG.

The investment will extend Platform Equinix to South America, creating a footprint of 95 data centers across 37 global markets. Data center space in Brazil gives Equinix the ability to satisfy strong demand from its network, content, cloud and financial services customers looking to establish a presence in this rapidly growing market. Read more