NEW YORK and REDWOOD CITY, Calif., March 30, 2017 /PRNewswire/ -- Verizon Enterprise Solutions and Equinix, the global interconnection and data center company, today announced that Verizon has agreed to resell Equinix colocation and interconnection services. The reseller agreement enables Verizon to pair colocation and interconnection services in Equinix International Business Exchange (IBX®) data centers around the globe with Verizon's security, network and advanced communications services to enable enterprises to build hybrid cloud solutions and gain quick access to a multi-cloud environment.
Through this agreement, and building on a long-standing relationship, Equinix will provide Verizon with colocation and interconnection services. Additionally, in December 2016, Verizon agreed to sell certain data center sites to Equinix.
"This agreement provides customers with fully-integrated network, security and data center services designed to support their IT transformation," said Jim Duncan, vice president of global advanced solutions for Verizon Enterprise Solutions. "Our network provides IT continuity across current and future IT strategies – cloud migrations and the like – and Equinix provides an interconnection point to leading cloud platforms for that transformation."
Verizon will sell Equinix colocation and interconnection services as part of larger, integrated customer engagements with an emphasis on pairing colocation services with Verizon security, network and advanced communications services.
"Through this agreement, our mutual enterprise customers gain the global scale and interconnection capabilities of Platform Equinix together with Verizon's global IP network, managed security services and advanced communications services," said Jon Lin, vice president of corporate development and strategy for Equinix. "This collaboration – including direct, private access to leading cloud service providers such as AWS, Microsoft Azure and Google Cloud Platform -- enables us to help enterprises fully realize the benefits of hybrid and multi-cloud environments."
Equinix, Inc. (Nasdaq: EQIX) connects the world's leading businesses to their customers, employees and partners inside the most interconnected data centers. In 41 markets across five continents, Equinix is where companies come together to realize new opportunities and accelerate their business, IT and cloud strategies.
Verizon Communications Inc. (NYSE,Nasdaq: VZ), headquartered in New York City, has a diverse workforce of 160,900 and generated nearly $126 billion in 2016 revenues. Verizon operates America's most reliable wireless network, with 114.2 million retail connections nationwide. The company also provides communications and entertainment services over mobile broadband and the nation's premier all-fiber network, and delivers integrated business solutions to customers worldwide.
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 centers and developing, deploying and delivering Equinix services; unanticipated costs or difficulties relating to the integration of companies we have acquired or will acquire into Equinix; a failure to receive significant revenue from customers in recently built out or acquired data centers; 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; and other risks described from time to time in Equinix's filings with the Securities and Exchange Commission. In particular, see Equinix's recent 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.
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Kevin King for Verizon
Sally Comollo for Equinix