10 Apr 2012

The rise of the cloud sees further investment in Sydney

Rust Report – April 10 2012

Equinix commences $50m expansion of Sydney 3 data centre

Equinix, provider of global data centre services, has announced that construction of phase two of its third Sydney International Business Exchange (IBX) data centre has begun six months ahead of schedule. Driven by high demand for premium colocation and interconnection services from cloud and financial service providers, Equinix is investing an additional US$50 million into the expansion of SY3, doubling the number of cabinets to 2,000.

The expansion capital required is already reflected in the company’s 2012 guidance. As Australia’s cloud industry continues to grow in size and sophistication, phase one of Equinix SY3, which opened only last year, has seen rapid uptake. More than 60 new customers have already made SY3 their home, bringing forward the construction of phase two. One of the companies that has taken advantage of SY3 is Brennan IT, who is rolling out its cloud services platform to small and medium sized enterprise customers, leveraging SY3’s core infrastructure.

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