Equinix’s $335M Packet Acquisition Is Closed

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Sienna Rowley
Sienna is an editor at Cloud Host News. She is an internet enthusiast, always eager to explore the latest trend in the tech space. In her free time, she is a modest family woman who loves traveling.

Equinix which is an interconnection and data center company declared they completed the acquisition of  Packet. The Packet is a Bare Metal Server & On Basis Cloud Provider. As a part of the $335 million transaction, the joined company will manage the existing Packet trade named Packet, an Equinix company.

Zachary Smith who was the earlier CEO of Packet will now serve as managing director of the bare metal business. Equinix intends to create high-level solutions for industries. The company also aims to quickly expand the digital base on a global scale. Thereby increasing high performance and robust integration to the public cloud. The packet company is trying to exploit the market with its high-class solutions.

A Unique and Quick bare metal automation technology

Sara Baack, Chief Product Officer of Equinix said that acquisition of packet was done to expand hybrid multi-cloud architectures on Platform Equinix. This was a bold move to boost our tactics which will help enterprises quickly and seamlessly work on cloud architecture.

By combining interconnection and data center with Packet’s Unique and Quick bare metal automation technology. It can deliver a new and unique way to its customers. This method will make it easier for our clients to achieve greater value from our rich ecosystems. Which will make a more reliable global reach, and the interconnection platform she said.

Zachary Smith, Managing Director of Bare Metal of Equinix said, we began packet to help leading companies of the globe make infrastructure a competing profit. Being part of Equinix, we’re thrilled to take the following step on our adventure and boost that vision globally.

He concluded by saying that they are looking for combined efforts to exploit the market with their high-class solutions. This will help to find the unique strengths of both Packet and Equinix to increase digital businesses seamlessly grow on Platform Equinix.

 

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