Equinix is acquiring bare metal cloud provider Packet

INSUBCONTINENT EXCLUSIVE:
Equinix announced today that it is acquiring bare metal cloud provider Packet, the New York City startup that had raised over $36 million on
a $100 million valuation, according to PitchBook data.Equinix has a set of data centers and co-location facilities around the world
Companies that may want to have more control over their hardware could use their services, including space, power and cooling systems,
instead of running their own data centers.Equinix is getting a unique cloud infrastructure vendor in Packet, one that can provide more
customized kinds of hardware configurations than you can get from the mainstream infrastructure vendors like AWS and Azure
That means they could get servers equipped with Intel, ARM, AMD or with specific nVidia GPUs in whatever configurations they want
By contrast public cloud providers tend to offer a more off-the-shelf approach
deal, company co-founder and CEO Zachary Smith had a message for his customers, who may be worried about the change in ownership
wrote.He also offered the standard value story for a deal like this, saying the company could scale much faster under Equinix than it could
chief product officer at Equinix, says bringing the two companies together will provide a diverse set of bare metal options for customers
moving forward
have more details on the transaction after it closes, which is expected in the first quarter this year.