Equinix delivers Equinix Cloud Exchange Fabric to Wasabi Technologies
Amsterdam, 20 November 2019 – Equinix, Inc. (Nasdaq: EQIX), the global interconnection and data center company, announces that hot cloud storage provider Wasabi Technologies has joined Equinix Cloud Exchange Fabric™ (ECX Fabric™). Equinix customers on ECX Fabric now have access to direct and high-performance connectivity to Wasabi hot cloud storage services.
Wasabi offers a one size fits all cloud storage service for hot data – data that is tier-free and instantly available. This means that end-users have access to active archive data which costs less than traditional cold storage services, which is significantly faster than traditional frequent-access storage services.
Customers can now use the Equinix Cloud Exchange (ECX) to directly connect to Wasabi hot cloud storage via Wasabi’s Direct Connect Service. ECX Fabric is an on-demand networking connection that gives companies direct access to their distributed infrastructure, including the world's largest network service and cloud providers, on Platform Equinix®. It also offers multi-cloud connectivity and remote connectivity to other markets.
Wasabi offers customers the ability to bypass the lengthy process of new circuit installations with traditional Network Service Providers (NSPs) with ECX Fabric locations in Amsterdam and Ashburn. In the near future, interconnects to ECX locations in Silicon Valley, Tokyo, Dublin, Helsinki, Los Angeles and Dubai may be added.
“Customers migrating from on-premise to cloud storage often have a clear understanding of how much data they need to store, but not necessarily of how often their data will need to be accessed. This makes it difficult to predict your bill because it will vary on how much you upload and download. We recommend the use of ECX and Wasabi Direct Connect to customers because it is ideal for those seeking direct, secure and high-speed connectivity with fixed monthly transport pricing.” said David Friend, CEO at Wasabi.
Gartner predicts that by 2025, 80 percent of enterprises will migrate entirely away from on-premises data centers with the current trend of moving workloads to colocation, hosting and the cloud leading them to shut down their traditional data center1.“The integration between Wasabi and Equinix is here to support this trend”, said Michiel Eielts, Managing Director Benelux of Equinix. “Companies realize it is no longer in their interests financially or operationally, to own and operate their own infrastructure anymore. Through this integration, customers can take full advantage of Equinix’s high-speed connectivity and the high-performance and low-cost cloud storage offered by Wasabi.”
About Wasabi:
Wasabi is the hot cloud storage company delivering disruptive storage technology that is 1/5th the price of Amazon S3, faster than the competition with no fees for egress or API requests. Unlike first generation cloud vendors, Wasabi is solely focused on providing the world's best cloud object storage service. Created by co-founders and cloud storage pioneers David Friend and Jeff Flowers, Wasabi is on a mission to commoditize the cloud storage industry. Wasabi is a privately held company based in Boston, MA. Follow and connect with Wasabi on Twitter, Facebook, Instagram and our blog.
About Equinix
Equinix, Inc. (Nasdaq: EQIX) connects the world's leading businesses to their customers, employees and partners inside the most-interconnected data centers. On this global platform for digital business, companies come together across more than 50 markets on five continents to reach everywhere, interconnect everyone and integrate everything they need to create their digital futures. www.equinix.com.
Forward-Looking Statements
This press release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially from expectations discussed in such forward-looking statements. Factors that might cause such differences include, but are not limited to, the challenges of acquiring, operating and constructing IBX data centers and developing, deploying and delivering Equinix products and solutions; unanticipated costs or difficulties relating to the integration of companies we have acquired or will acquire into Equinix; a failure to receive significant revenues from customers in recently built out or acquired data centers; a failure to complete any financing arrangements contemplated from time to time; competition from existing and new competitors; the ability to generate sufficient cash flow or otherwise obtain funds to repay new or outstanding indebtedness; the loss or decline in business from our key customers; risks related to our taxation as a REIT; and other risks described from time to time in Equinix filings with the Securities and Exchange Commission. In particular, see recent Equinix quarterly and annual reports filed with the Securities and Exchange Commission, copies of which are available upon request from Equinix. Equinix does not assume any obligation to update the forward-looking information contained in this press release.