Pelayo Seguros migrates its IT infrastructure to Equinix to advance its digital transformation

MADRID, Spain, 19 September 2023 - Equinix, Inc. (Nasdaq: EQIX), the world™'s digital infrastructure company, today announced that it has become the new colocation and digital infrastructure provider of Pelayo Seguros, a company dedicated to the insurance business in Spain.

Until now, Pelayo had an on-premise IT infrastructure that required a significant investment in technology upgrades and maintenance. In order to upgrade the insurance company's infrastructure and adapt it to current and future technological needs, Equinix will perform a complete migration of the insurance company's local infrastructure to the colocation and private cloud infrastructure of its International Business Exchange™ (IBX^®) MD2 and MD6 data centers, in Madrid.

Within this operation, Equinix will maintain part of Pelayo's legacy critical infrastructure in a dedicated room at each IBX, while another part will be digitized in its geoextended private cloud.

The benefits of this transformation for Pelayo will be multiple, starting with a modernisation of all its systems and Equinix's guarantee to progressively upgrade the data center and virtualisation solutions as technology evolves.

In this way, Pelayo will be able to adapt costs to business demand, moving from a Capex to an Opex model, decoupling itself from the costs of maintaining its own physical infrastructure and focusing on providing value to the business from the IT operations and management area.

Another great result of the integration in the Equinix facilities will be Pelayo's access to Platform Equinix, the largest existing global interconnection platform, which includes more than 245 IBX Data Centers in the world and concentrates a business ecosystem formed by more than 10,000 companies.

This gives Pelayo great flexibility and adaptability, covering today's needs as well as those of tomorrow. For example, they will be able to access any payment gateway and banking institutions that are already hosted on Equinix infrastructures, as well as the main telecommunications and cloud service providers.

Eulalia Flo, Managing Director of Equinix, Spain, said: "Equinix is proud to contribute to the digital transformation of a key group in the insurance sector in Spain, with 90 years of history. Thanks to the migration to our data center and private cloud, it will have a more efficient, scalable and sustainable infrastructure. In addition, we provide access to a broad ecosystem to offer new services to end customers and improve their experience.”

Francisco Gómez Alvado, CEO of Pelayo Seguros, said: "The change to an external hosting and private cloud strategy as opposed to the internal management of our servers is a commitment to the present and the future. Hosting our infrastructure in Equinix's facilities, in addition to providing us with a great technological leap, allows us to save work resources in the management of the virtual infrastructure and the data centre, as well as investment in the hardware part, and to allocate them to provide greater value to the business.”

About Equinix

Equinix (Nasdaq: EQIX) is the world’s digital infrastructure company®. Digital leaders harness Equinix’s trusted platform to bring together and interconnect foundational infrastructure at software speed. Equinix enables organizations to access all the right places, partners and possibilities to scale with agility, speed the launch of digital services, deliver world-class experiences and multiply their value, while supporting their sustainability goals.

About Pelayo

Pelayo, an insurance company aimed at the family environment with 90 years of history, works to be a leader in customer experience and has implemented a business transformation plan betting on innovation and technology, with a more personalized, close and committed service, which reinforces the loyalty of its customers. Its objective is Sustainable Growth and is characterized by being a committed, innovative, close and dialogue-based mutual. In addition, in its objective of contributing to a fairer society, it allocates part of its annual profits to social projects, through the Pelayo Foundation, projects in which the employees themselves are also involved and which are aimed at the most disadvantaged groups.

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, risks to our business and operating results related to the current inflationary environment; foreign currency exchange rate fluctuations; increased costs to procure power and the general volatility in the global energy market; the challenges of acquiring, operating and constructing IBX^® and xScale^® 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; 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 and upcoming 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.

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