Monday, July 9, 2012

Equinix Acquire Hong Kong's Asia Tone, Gaining 5 Data Centers

Equinix completed its previously announced acquisition of Hong Kong-based data center provider Asia Tone for $230.5 million in cash. In total, Equinix gains five data centers and one disaster recovery center, in addition to one data center under construction, located across three key markets – Hong Kong, Shanghai and Singapore. Asia Tone serves a strategic customer base, which includes many existing Equinix customers. Asia Tone generated approximately $30 million in revenue in 2011, and has been growing at a greater than 50 percent CAGR for the past three years.

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