EQUINIX INC acquired Packet Host, Inc. ("Packet") for Total purchase consideration of approximately $290.3 million, a transaction completed in March 2020, structured as all cash.
Packet Host, Inc. ("Packet") operates in Bare metal / Equinix Metal - digital infrastructure software, is based in United States (New York-headquartered). Packet, the leading bare metal automation platform. Packet's capabilities became Equinix Metal, which adds direct integration to Equinix Fabric and expands the services to new global locations, letting enterprises, SaaS companies and digital service providers provision interconnected bare metal resources in minutes instead of months.
Equinix stated the acquisition would accelerate its strategy to help enterprises more seamlessly deploy hybrid multicloud architectures on Platform Equinix and extract greater value from the platform's interconnection fabric, combining Packet's bare metal service with Equinix's interconnection capabilities.
Leading bare metal automation platform that became Equinix Metal, adding developer-oriented on-demand compute integrated with Equinix Fabric. Combined Packet's bare metal offering with Equinix's interconnection to create an enterprise-grade bare metal service (Equinix Metal) across Platform Equinix. Equinix Metal (digital services)
Equinix to Acquire Bare Metal Leader Packet ... Equinix, Inc. today announced it has signed a definitive agreement to acquire Packet, the leading bare metal automation platform. The acquisition will accelerate Equinix's strategy to help enterprises more seamlessly deploy hybrid multicloud architectures on Platform Equinix.Equinix press release (Ex-99.1), January 14, 2020
Advisory firms were not disclosed for this transaction.