Equinix, Inc. (Nasdaq: EQIX), the global interconnection and data center company has opened its latest International Business Exchange data center in Tokyo, known as TY5. The new $43 million facility is designed to cater to the demands of both local and global enterprises including financial services firms and cloud and content providers who are finding themselves increasingly reliant on data center colocation and interconnection services in Tokyo. With the opening of TY5, Platform Equinix now includes over 145 data centers in 40 markets around the world.
The news comes shortly after Equinix announced plans to open four new IBX data centers in Dallas, São Paulo, Sydney and Tokyo, along with the recent acquisition of Bit-isle in Japan which more than doubled Equinix’s footprint in the country. By providing additional capacity, Equinix continues to play a central role in advancing the digital economy’s interconnected era, satisfying the needs of businesses that are demanding increasing levels of interconnection to boost their business performance.
Data center market forecast to hit $14.2 billion next year
Equinix customers in Japan already include some of the country’s largest companies who are connected to its established financial ecosystem. Located close to the existing TY3 IBX data center as well as Tokyo’s financial district, TY5 is also near the Japan Exchange and Tokyo Commodity Exchange. Proximity to these exchanges enables TY5 to provide forex brokers and other financial services companies with reliable, low-latency connectivity to key financial institutions and business partners, boosting speed of trading and accelerating business outcomes.
According to research conducted by Forrester, the data center market in Japan is forecast to hit $14.2 billion in 2016. Equinix’s TY5 data center will help the company meet these demands, allowing domestic and multinational companies to expand into the expanding Japanese market.
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Commenting on its new TY5 data center, Samuel Lee, president of Equinix Asia-Pacific, said: “Equinix continues to invest in our global interconnection platform which is now available in 40 markets to meet the changing IT needs of businesses around the world. TY5 represents a landmark development for Equinix in Japan, as well as a catalyst that will further accelerate the financial services industry across the entire APAC region.”