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Equinix, Inc. to Extend its Digital Infrastructure Platform to the Philippines with Acquisition of Three Data Centers from Total Information Management (TIM)

Jul 23, 2024about 1 year ago

Acquiring Company

Equinix

Acquired Company

Total Information Management

Redwood CityMakatiInformation TechnologyData CenterInformation Technology

Description

Equinix, Inc. has announced its planned entry into the Philippines with the acquisition of three data centers from Total Information Management (TIM). This strategic move aims to help businesses expand and capitalize on the digital opportunity of the fast-growing Southeast Asia region, adding to Equinix's recent expansions in Malaysia and Indonesia. The acquisition will provide Equinix with the capacity to address the digital needs of local and overseas businesses in the Philippines, offering enhanced connectivity, scalability, and access to a thriving ecosystem of partners.

Company Information

Company

Equinix

Location

Redwood City, California, United States

About

Equinix, Inc. (Nasdaq: EQIX) shortens the path to boundless connectivity anywhere in the world. Its digital infrastructure, data center footprint and interconnected ecosystems empower innovations that enhance our work, life and planet. Equinix connects economies, countries, organizations and communities, delivering seamless digital experiences and cutting-edge AI—quickly, efficiently and everywhere.

FundzWatch™ Score

82
High M&A Activity

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed