The demand for cloud-based services is forcing big data companies like Amazon.com, Inc. (NASDAQ:AMZN), Facebook Inc. (NASDAQ:FB) and Microsoft Corporation (NASDAQ:MSFT) to expand data centers at a remarkable pace. Equinix Inc. (NASDAQ:EQIX)’s CEO Steve Smith in an interview on Fox business news shed more light on how these companies are coming to his company to keep up with the pace for the need of more data centers.
Equinix Inc. (NASDAQ:EQIX) is reportedly helping 4,000 companies connect with customers through networked data centers all over the world. Equinix is not well known to the public as it keeps a low profile in a bid of trying to protect the privacy of data that it stores for the likes of Amazon and Microsoft Corporation (NASDAQ:MSFT). On the security of data stored in the data centers, the CEO said: “We have lots of security in our data computing centers.”
Big data companies like Amazon are relying on Equinix Inc.(NASDAQ:EQIX) for the storage of their data in some cities without having to build from scratch and run their data centers. Much of the internet routes around the world are currently running through Equinix allowing the company to store data for some of the companies.
Big data centers like the New York Exchange and the NASDAQ are not housing all their data on one building but essentially relying on Equinix Inc.(NASDAQ:EQIX) for safe storage and easy access. Equinix has over a thousand networks running through its data centers giving it the ability to accommodate big data.
Equinix Inc. (NASDAQ:EQIX) operates in big buildings without logos as a way of remaining anonymous for security reasons at the request of companies like Amazon and Microsoft Corporation (NASDAQ:MSFT). Equinix stores some of the most critical information according to its CEO.
“We are running mostly mission critical information infrastructure for the biggest companies in the world, and they don’t want us talking about it.”
All big cloud companies led by the likes of Google Inc. (NASDAQ:GOOG), Microsoft Corporation (NASDAQ:MSFT), Facebook Inc. (NASDAQ:FB) as well and Twitter Inc. (NYSE:TWTR) are using Equinix Inc.(NASDAQ:EQIX), which according to Steve Smith is a $10 billion market cap company.
“It is interesting we have to be one of the largest $10 billion market cap companies that are known in the industry because of what we do.”