As a part of the US$335 million transaction - announced in January - the combined company will operate the existing Packet business as ‘Packet, an Equinix company', while developing new solutions for enterprise customers that combine Packet’s bare metal automation technology with the ecosystems, global reach and interconnection fabric of the Equinix platform.
Zachary Smith, former CEO of Packet, will serve as managing director of the Equinix bare metal business.
Equinix says that by leveraging Packet’s “innovative and developer-oriented” bare metal service offering to accelerate its organic bare metal solution development, it aims to create advanced solutions for enterprises to rapidly deploy digital infrastructure at global scale - with “differentiated performance and robust integration to the public cloud”.
“Businesses will be able to deploy advanced IT infrastructures via the physical or virtual consumption model of their choice, enabling them to more easily reach everywhere, interconnect everyone and integrate everything that matters to their business,” said Equinix.
“We started Packet to help make infrastructure a competitive advantage for the leading companies of the world. As part of Equinix, we’re excited to take the next step on our journey and accelerate that vision globally,” said Zachary Smith.
“In my new role, I look forward to leading our combined bare metal efforts and leveraging the unique strengths of both Packet and Equinix to help digital businesses seamlessly deploy on Platform Equinix.”
Sara Baack, Chief Product Officer, Equinix said, “The Packet acquisition represents a bold move to accelerate our strategy for helping enterprises quickly and seamlessly deploy hybrid multicloud architectures on Platform Equinix”.
“By combining Packet’s innovative and agile bare metal automation technology with our dynamic data centre and interconnection platform, we can offer our customers an alternate, agile way to deploy and consume private digital infrastructure.
“This approach will make it easier for our customers to extract greater value from our rich ecosystems, superior global reach and the interconnection platform.”