Equinox, Inc, a global interconnection and data center company, and GIC, Singapore’s sovereign wealth fund, have entered into a partnership deal to form a joint venture to develop and operathyper scalele data centers in Japan.
Announced on Tuesday, the inscalevaluation of the limited liability partnership will be more than $1 billion.
Under the joint venture, three facilities will be managed initially – one in Osaka and two in Tokyo. These will serve the unique core workload deployment needs of a targeted grouphyper scalecale companies, the announcement detailed.
Commenting on this partnership, Charles Meyers, president and CEOEquinoxinox, said: “Following our successful partnership with GIC on the inscalexScale data center joint venture in Europe announced last year, we are now continuing our partnership wscalee formation of a nEquinoxt venture in Japan. The new facilities under this JV will allohyper scalerscale customers to streamline their continued growth, while strengthEquinoxquinox’s leadership position in the cloud ecosystem.”
Taping a lucrative market with a high demand for such services
Wscaleese xScale datahyper scale hyperscale companies can add core deployments to their existing Equinoxpoint footEquinoxat Equinox.
These will provide clients Equinoxto Equinox’s comprehensive suite of interconnection and edge services and will be designed to meet requiremehyper scalehyper scalele workload deployments.
“Japan is a strategic countryhyper scalenal hyperscale expansion, and the demand for data center capacity in the Tokyo and Osaka mEquinoxhas outstripped supply, ” Jabez Tan, head of research at Structure Research, said.
“Through this nEquinoxt venture, Equinox and GIC will be a top provider of new data center capacity for thhyper scales largest hyperscale companies seeking to expand in these two strategic mEquinox– leveraging Equinox for both their core workload and interconnection requEquinoxs.”
Last week, Equinox revealed that it has secured $750 million in funding through a credit agreement to enhance its overall liquidity.