Equinix Supports Pexip in Addressing Surging Video Conferencing Demand Globally

SINGAPORE, January 11, 2022 – Today most people are experiencing a new hybrid world of work leading to an immense surge in demand for video conferencing software and chat applications, which have become fundamental for efficient and effective communications. In 2020, video conferencing apps recorded 62 million downloads¹ or 8.1% growth globally². Equinix, Inc. (Nasdaq: EQIX), the world’s digital infrastructure company™, today announced that Pexip, a leading provider of enterprise video conferencing and collaboration solutions for large private and public organizations around the world, has deployed in Equinix International Business Exchange^TM (IBX^®) data centers in Amsterdam, Frankfurt, Hong Kong, Silicon Valley, Singapore, Sydney, Tokyo, Toronto, and Washington DC, and leveraged Equinix Connect and Equinix Fabric^TM to scale its global business.

Pexip is named a Challenger in the 2021 Gartner^® Magic Quadrant™ for Meeting Solutions.³ In 2020, the company experienced an outstanding growth of 7 times its peak traffic. To support its fast-growing business, Pexip chose Platform Equinix to build a resilient digital infrastructure and interconnect with multiple ISPs and cloud service providers to deliver consistent video conferencing experience for its employees and customers in more than 190 countries.

Having at least two upstream ISPs in each market and direct fast path connections to major content destinations, Equinix Connect enables Pexip to deliver the resiliency, low-latency, and superior performance its enterprise video conferencing customers demand. In addition, Pexip is also accelerating its on-demand and secure cloud connections with Equinix Fabric to connect to cloud services and its distributed digital infrastructure on Platform Equinix.

Highlights / Key Facts

• Pexip is a leading video conferencing and collaboration solutions provider. Its scalable platform offers high-quality video meetings with enterprise-grade security, which is easily customizable to fit customers’ IT and infrastructure requirements. Today, its customers include companies such as Spotify, Vodafone, and PayPal, as well as governmental organizations such as the US Department of Veteran Affairs.
   
• According to the Global Interconnection Index (GXI) Vol. 5, a market study published by Equinix, interconnection bandwidth for Cloud and IT Services is expected to grow at 45% Compound Annual Growth Rate (CAGR) by 2024 on a global scale. With video conferencing undergoing an unprecedented surge in usage during the pandemic, Platform Equinix provides a robust digital infrastructure that enables Pexip to deliver low-latency and high-performance connectivity necessary to ensure a seamless video conferencing  experience for users around the world, while also providing utmost security to protect sensitive information. 
   
• With Equinix Fabric, Pexip can benefit from world-class interconnectivity that delivers the highest levels of network resiliency. This offers Pexip a range of benefits such as the resiliency that organizations demand, global reach and high-performance connections to major content destinations, like Microsoft 365, and Dropbox, and more.
   
• Leveraging Equinix Connect in multiple metros across the world provides Pexip the convenience of having one vendor for its colocation and internet services, eliminating the need to contract with and deploy solutions from multiple ISPs that often leads to an inconsistent user experience. Pexip also has the flexibility to connect to the internet either as a primary or secondary access solution, enabling the business to scale as its usage requirements grow.
   
• Video conferencing is an environmentally friendly collaboration solution, which not only helps reduce the carbon footprint of companies, but also reduces operating costs. Equinix and Pexip share a common outlook on sustainability with both companies announcing a common ambition to reduce their carbon footprint. Equinix is the first in the industry to commit to reaching climate-neutral by 2030 globally, backed by science-based targets and a sustainability innovation agenda, while Pexip plans to be carbon-neutral by the same timeline.

Quotes:

• Øystein Hem, CEO, Pexip
  “Talking to our existing and potential customers, we recognized a growing need for a solution that guarantees them control over their data without the hassle of expanding and managing servers and compute capacity. With Equinix’s virtual network services, Pexip can enable our customers to focus on growth instead of infrastructure and compute management and support them on their cloud migration journeys. At the same time, we are able to extend Pexip’s capabilities to a larger audience and meet the requirements of more organizations in a more sustainable way.”

• Joseph Harding, Vice President, Product Marketing, Equinix
  “Demand for video conferencing software and video chat applications is growing and driving the need for robust and reliable digital infrastructure and hybrid multicloud connectivity. With new levels of demand, video conferencing platforms like Pexip require a robust and sustainable digital infrastructure to consistently deliver low-latency and highly reliable interconnection crucial for a great video conferencing experience. We look forward to supporting Pexip by providing the agility, speed, and reliability it needs to scale up its business and manage unprecedented growth in user demand globally.”  

Additional Resources

• Learn more about Equinix Connect [website]
• Learn more about Equinix Fabric [website]
• Learn more about Equinix’s Colocation Services and Solutions [website]
• Learn more about the Global Interconnection Index (GXI Vol. 5) [website]

About Equinix
Equinix (Nasdaq: EQIX) is the world’s digital infrastructure company, enabling digital leaders to harness a trusted platform to bring together and interconnect the foundational infrastructure that powers their success. Equinix enables today’s businesses to access all the right places, partners and possibilities they need to accelerate advantage. With Equinix, they can scale with agility, speed the launch of digital services, deliver world-class experiences and multiply their value.

Forward-Looking Statements
This press release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially from expectations discussed in such forward-looking statements. Factors that might cause such differences include, but are not limited to, the challenges of acquiring, operating and constructing IBX data centers and developing, deploying and delivering Equinix products and solutions, unanticipated costs or difficulties relating to the integration of companies we have acquired or will acquire into Equinix; a failure to receive significant revenues from customers in recently built out or acquired data centers; a failure to complete any financing arrangements contemplated from time to time; competition from existing and new competitors; the ability to generate sufficient cash flow or otherwise obtain funds to repay new or outstanding indebtedness; the loss or decline in business from our key customers; risks related to our taxation as a REIT; and other risks described from time to time in Equinix filings with the Securities and Exchange Commission. In particular, see recent Equinix quarterly and annual reports filed with the Securities and Exchange Commission, copies of which are available upon request from Equinix. Equinix does not assume any obligation to update the forward-looking information contained in this press release.

Media Contacts (Asia-Pacific)
Annie Ho
Equinix
+852 2970 7761
annho@ap.equinix.com

Media Contact (Singapore)
Gene Vallejo-Yeo
Team LEWIS
+65 9836-8219
EquinixSG@teamlewis.com