Equinix embarks on $39mn expansion in Finland
Global data centre leader Equinix, Inc has announced a significant expansion of its presence in the nordics. The company announced on Monday that it will invest €32mn ($38.86mn) to increase capacity at two of its international business exchange (IBX) data centres near the Finnish capital of Helsinki.
The new cash injection brings Equinix’s total investment in its Finnish data centre footprint to approximately €147mn.
The two facilities, and , will have their collective capacity boosted by 800 cabinets. Both IBX facilities have N+1 power and cooling redundancy and provide connectivity across Scandinavia, the Baltics and Russia. Equinix has seven IBX data centres in Finland, part of the company’s global footprint of more than 220 data centres across 63 major metro areas around the world.
The expansion of HE5 and HE7 is in response to strong growth exhibited by the Finnish and wider nordic market, driven both by the expansion of Industry 4.0 and the ongoing COVID-19 pandemic.
“The pace of digitisation worldwide, including in Finland, has greatly accelerated in the past few years. The COVID-19 pandemic has further contributed to this, with many digital transformation plans implemented more quickly than companies had originally anticipated was necessary,” commented Sami Holopainen, Equinix’s Managing Director for Finland.
He added that, “Customer demand in Finland continues to grow, which is why we are investing in additional capacity to further support the technological developments of companies operating here. As an important part of Equinix’s global platform, we are well equipped to help our customers in their digitisation efforts”.
Judith Gardiner, Equinix’s Vice President of Growth and Emerging Markets, commented: “Finland is an excellent location for Equinix. The cool Nordic climate is a tremendous asset in reducing the need for cooling power, and its connectivity to other markets, particularly Eastern Europe, very much supports digital business options.
“In the near future, Finland will also have the shortest latency route between Europe and Asia-Pacific, when the Arctic Connect Cable project, led by the Cinia Alliance, is complete. Meanwhile, the expansion of HE5 and HE7 is a part of an ongoing growth strategy in the region.”
Equinix: Digital leaders expect changes to working patterns
A global report released by Equinix has revealed that digital leaders expect long-term changes to the way people work.
As part of the report, the data infrastructure company surveyed 2,600 IT decision-makers from several different businesses spanning 26 countries in the Americas, Asia-Pacific and EMEA regions. The study also highlighted the biggest technology trends affecting global businesses and how the COVID-19 pandemic has impacted digital infrastructure plans.
Talking about companies’ expansion strategies, Claire Macland, Senior Vice President of Global Marketing at Equinix, said: “Many companies are now investing more in their digital infrastructure to enable them to embrace a hybrid working model and thrive in the new world of work we all find ourselves in.
“Despite headwinds in many sectors, many organizations are continuing to expand physically and virtually into new markets and regions around the world”, she said.
The report drew the following conclusions:
- 64% of the 2,600 digital leaders surveyed believed there will be “long-term changes to both how and where people will work in the future.
- 57% of global companies intend to expand into new regions despite the effects of the pandemic
- 51% of businesses worldwide say they have rearchitected their IT infrastructure so that it can meet the demands of remote and hybrid working. Digital transformation has also been accelerated due to an increase in businesses’ technology budgets.
How might digital transformation be affected post-pandemic?
COVID-19 has demanded that companies make several changes to the way that they operate, including digital transformation. According to the study, 47% of those surveyed reported that they have accelerated their digital transformation plans because of the Coronavirus pandemic. A further 42% of organisations said their budgets have increased to keep up with the growth of digital transformation.
Another change in adapting to the pandemic was to businesses’ IT strategies with six in 10 companies saying that it has been revised in response to the situation. 58% said they are looking to invest in technology to “improve agility’ post-COVID.
When asked about their priorities for their digital strategy, 80% of respondents said that digitising their infrastructure was of utmost importance, while 57% viewed interconnection as a ‘key facilitator’ of digital transformation.
"This increasing focus on digitization and expansion is one of the reasons why Equinix has continued to invest in its own growth. We completed 16 new expansions in 2020—our most active build year ever—and expect to continue to evolve Platform Equinix to support our customers as they continue on their digital transformation journey”, said Claire Macland.
Potential concerns disperse over expansion plans being halted by COVID-19
The study has also revealed that organisations’ previous concerns that the pandemic will negatively affect their business expansion plans have been lessened.
57% of businesses have said that they “still have plans” to expand into new regions and of that percentage, nearly two-thirds (63%) plan to do so virtually instead of investing in physical IT infrastructure.
The full Equinix report can be found here.