Equinix has bought the remaining shares it did not already own in ALOG Data Centers of Brazil for US$225 million in cash.
In April 2011, Equinix, together with Riverwood Capital, acquired a majority stake of ALOG, with Equinix holding a 53 percent ownership of the company. With today’s announcement, Equinix has purchased the remaining 47 percent stake and will integrate the company into Equinix.
ALOG serves approximately 1,500 customers across its four data centers in São Paulo and Rio de Janeiro.
“ALOG’s strong position in Brazil and complementary business model provided Equinix the opportunity to establish a presence in an important emerging market and meet growing demand for data center services in Latin America,” said Karl Strohmeyer, president of the Americas for Equinix. “The ALOG team has done an outstanding job of leveraging the company’s strength in Brazil – specifically in cloud and mobility – and integrating it into Equinix’s global footprint to extend the world’s leading data center platform into Brazil.”
Equinix also announced an expansion of its second São Paulo (SP2) International Business Exchange (IBX) data center. SP2 is a Tier III-certified data center located in the São Paulo suburb of Tamboré. is home to two popular online services in Brazil: Apontador, a search engine visited every day by one in five Brazilians, and Maplink, an API geo-localization platform. Both are owned by Local LBS Group, and collectively generate 40 terabytes of data per month.
