Equinix, the worldwide interconnection and data center company, recently said it has invested $76 million for a new data center based in Sao Paulo, Brazil.
The new center will offer further capacity and interconnection. This will help the company to continue to address the changing IT needs of worldwide businesses.
"We continue to see increasing market demand for interconnection and colocation in Brazil,” Equinix Americas President Karl Strohmeyer said. “The new SP3 facility will meet these needs while giving Brazil companies the opportunity to leverage the full scale of Platform Equinix into 40 key markets globally as business needs evolve."
This center will be the fifth International Business Exchange (IBX) that the company has based in Brazil. The initial investment is in addition to the five other phases that will require investments. The center itself is estimated to be completed in the first quarter of next year.
Previously, Equinix said it intends to open another four new IBX data centers around the world. These will be located in Dallas, Tokyo, Sydney and Sao Paulo.