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The time it takes for a financial trade transaction is expected to drop significantly from 360 milliseconds to 1 to 2 milliseconds for some clients as a result of the addition of the new site.
Founder and Editor, The Tech Capital
August 25, 2021 | 5:50 PM BST
The world’s largest data centre operator Equinix, Inc. (Nasdaq: EQIX) has opened another facility in one of the world’s key data centre metros.
The company has cut the ribbon on its US$144 million expansion in Singapore to address enterprise demand in the South East Asia region.
The SG5 International Business Exchange (IBX) facility a new nine-story facility located at the Tanjong Kling data centre park and boasts more than 41,700 square feet (more than 3,970 square meters) of colocation space, offering an initial capacity of 1,300 cabinets.
At full buildout, the building will amount to 5,000 cabinets, with a total colocation space of close to 129,000 square feet (12,000 square meters).
The site is powered using renewable energy, similarly to Equinix’s other data centres in Singapore.
Yee May Leong, Managing Director for Equinix South Asia, said: “Singapore continues to flourish as the regional hub for digital exchange. Global businesses look to Singapore as the key location for where they build their digital infrastructure and leverage the ecosystem and cloud services available to ensure resilience, grow and scale across Asia-Pacific.
“As Singapore continues its Smart Nation journey and towards its National Green Plan 2030, we continue to support the digital transformation of the private and public sector with a commitment in action for environmental sustainability.”
According to the latest Equinix Global Tech Trends Survey, 88% of surveyed companies in Singapore indicated that digitising their IT infrastructure was a top priority, with 66% believing interconnection will help them navigate challenges.
Jeremy Deutsch, President of Equinix Asia-Pacific, said: “Businesses in the Asia-Pacific region continue to increase their demand for digital infrastructure, with Singapore being the epicentre for digital business growth in the region.
“We see a growing shift in the priorities of business leaders towards investing in environmental, social and governance initiatives when they consider their digital transformation plans, and Equinix is in full alignment with these goals as we put our sustainability targets into action. The expanded footprint in Singapore further brings our global target towards building the digital infrastructure of tomorrow responsibly and sustainably.”
Equinix’s global platform currently spans 230 IBX data centres across 64 metros. In Asia-Pacific, Equinix has 47 IBX data centres in key metros across Australia, China, Hong Kong, Japan, Korea and Singapore.
Below is a gallery of photos showcasing the newly open data centre
Pictures courtesy of Equinix
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