Equinix has revealed plans to build a third International Business Exchange data center in Singapore in conjunction with Mapletree Industrial Trust.
The new data center will extend Platform Equinix to meet demand for interconnection and data center services in Singapore from financial and cloud companies.
The new Singapore IBX will be located in close proximity to Equinixs existing SG1 data center, which will be interconnected through a dedicated fiber network. It will also meet security requirements for financial customers including recent compliance with guidelines set by the Monetary Authority of Singapore.
The new IBX data center is scheduled to launch in the second half of 2014.
Singapore is growing in importance as a cloud hub for the region. Global and multinational companies have seen Singapore as a gateway for diverse connectivity to the other Asia Pacific markets, says Clement Goh, managing director of Equinix South Asia. Equinix is committed to catering to the increasing demand for data center and interconnection services in Singapore. Our new data center will help our financial and cloud customers drive new business and collaboration opportunities, improve performance and reduce operational cost with low latency and high proximity.
(CG)