Equinix Spends $34 Million on Amsterdam Data Center

Switch Data Center Data Center A data center is a building or network used to house computer systems and associated components, such as telecommunications and storage systems.This generally includes redundant or backup power supplies, redundant data communications connections, environmental controls, and various security devices. Large data centers are industrial scale operations using as much electricity as a small town.Over the past decade, data center space has been growing at an incredible rate. This has increased as more A data center is a building or network used to house computer systems and associated components, such as telecommunications and storage systems.This generally includes redundant or backup power supplies, redundant data communications connections, environmental controls, and various security devices. Large data centers are industrial scale operations using as much electricity as a small town.Over the past decade, data center space has been growing at an incredible rate. This has increased as more Read this Term (Switch) announced on Wednesday that it is selling its Amsterdam AMS1 Data Center to Equinix.

According to a statement released by the data center operator, Equinix will be paying €30 million ($34 million) for AMS1. The deal was completed in an all-cash transaction.

“The transfer of the AMS1 data center to Equinix shows that Switch is respected and trusted by leading global players,” said Edgar van Essen, a managing director at Switch.

"This message is in line with the trust received from many other market leading names in the industry who trust us their ICT infrastructures and business."

Switching focus

The deal comes as Switch has shifted focus to the colocation wholesale market and customer-specific site development for enterprises and hyperscale customers.

Though the company started life as a provider of retail colocation services, its experience in that market has enabled it to make the leap into actually building data centers for firms.

“Over the years, Switch has created the right skillset and references in this market,” said Switch’s founder and chief executive officer Gregor Snip.

“At first as a Hosting Hosting Hosting refers to the location of a broker’s technology stack. This is one of the most crucial elements of a brokerage that helps prevent the company from losing money due to being unable to mitigate latency risks.Brokers or exchanges are traditionally very vulnerable to latency arbitrage due to the speed with which financial markets move. The traditional datacenter locations for forex brokers are all centered at Equinix facilities around the globe. What Are the World’s Foremost Data Centers?Sin Hosting refers to the location of a broker’s technology stack. This is one of the most crucial elements of a brokerage that helps prevent the company from losing money due to being unable to mitigate latency risks.Brokers or exchanges are traditionally very vulnerable to latency arbitrage due to the speed with which financial markets move. The traditional datacenter locations for forex brokers are all centered at Equinix facilities around the globe. What Are the World’s Foremost Data Centers?Sin Read this Term company and later on as a renowned retail colocation provider, while we are now for years already highly experienced in building, designing and improving data center sites. Now it is the right time to bring this unique knowledge forward and focus even more on becoming a data center technology development leader.”

Aside from AMS1, Switch owns two other data centers in Amsterdam - AMS2 and AMS3. The former is used mainly by an international IT firm and the latter was built by Switch for an unknown company which also provides colocation services.