GPX Global Systems Sells its India Operations to Equinix
GPX Global Systems Inc., a carrier-neutral Edge data center services provider catering across Africa and South Asia, announces the sale of its Indian operations to Equinix, Inc. (NASDAQ: EQIX). The all-cash transaction value of $161 million is expected to close in Q4 2020, and is subject to customary closing conditions including regulatory approval.
The India data center market size is expected to reach $1.5 billion by 2022 (according to marketsandmarkets.com) growing at a Compound Annual Growth Rate (CAGR) of 11.4 percent. Equinix is acquiring GPX's leading high-availability, carrier-neutral edge data center business in a bid to
take up on this opportunity.
GPX consists of two Tier-4 data centers in Mumbai that spans across 90000 square feet and two locations. The company’s datacenters host one of the largest internet ecosystems in India, including 12 Telcos, 130+ ISPs, four Internet Exchanges, and eight Cloud Service Providers, in addition to all of the leading global CDNs and content providers (OTTs).
In a statement Nick Tanzi, President & CEO, GPX Global Systems, says, “After seven years of building our business in India I could not think of any company better suited than Equinix to expand the platform GPX has created in India and help our customers continue to grow.” GPX’s recently opened second data center in Mumbai will be a 60,000 square feet facility when fully built.
“Equinix and GPX share common business philosophies including a commitment to carrier neutrality, a passion for delivering the highest quality customer service in the market and fostering the growth and development of our employees. I'd like to thank our customers for providing GPX the privilege of serving them over the last seven years, and also thank our employees for always putting our customers first and doing whatever was necessary to meet our customer's needs," Nick adds.
The New York-based GPX was founded in 2002 to builds and operates private, Tier-4 carrier-neutral Data Centers in emerging, commercial markets. The company made its foray into South Asia in 2012 through its office in Mumbai.