Equinix acquires Istanbul data centre for $93mn
The Zenium data centre...
US data specialist Equinix has acquired the Zenium data centre in Istanbul in a deal worth $93mn, part of its ongoing expansion.
The Zenium data centre that will now be renamed Equinix IS2 is seen as a vital data link between Europe and Asia, currently generating $2.5mn in annual revenue.
Istanbul is a key traffic route for submarine cables between Europe, Asia and Africa and Equinix is keen to take advantage.
IS2 will provide Equinix with key capacity and a defined growth path, which enables the company to address growing demand for colocation and interconnection services across Turkey.
“The dynamic evolution of digital technology is disrupting how business is done across all industries, forcing companies to invent new, information-centric business models,” said Eric Schwartz, president, EMEA, Equinix.
“These business models rely on interconnection and distributed IT architecture.
“As the Turkish economy continues to grow, Istanbul will become an increasingly important hub for connectivity and technology infrastructure, and this new campus will help Equinix meet this demand from customers across our global customer base.”
The acquisition will become the company’s second facility in Istanbul after IS1, making it the company’s 68th international Business Exchange data centre across Europe and the Middle East.
The company is renowned as an industry leader, with 180 IBX data centres across 44 markets.
Airbiquity and Cyngn make any warehouse vehicle autonomous
This new partnership will support companies working in warehouses move and handle goods without needing a human to drive the machines. By introducing this technology, warehouses will have the ability to evolve their existing vehicles to become autonomous.
“Working with Cyngn, we have the opportunity to help guide the future of autonomous vehicles and make our technology accessible to more industries,” explained Kamyar Moinzadeh, President and CEO of Airbiquity.
Vehicle agnostic technology for flexibility
Cyngn’s flagship product, DriveMod, is an end-to-end autonomy solution that can be flexibly deployed on multiple vehicle types in various environments. DriveMod delivers intelligent analytics, artificial intelligence, advanced safety features and self-driving capabilities for industrial vehicles.
The technology is vehicle agnostic which means DriveMod works across all kinds of industrial vehicles, regardless of age, vehicle type or manufacturer.
"On the heels of announcing our OTAmatic expansion into non-automotive industry vehicles, this partnership is further validation of the need for safe and secure industrial-grade over-the-air software update management technology to ensure that autonomous vehicles are running most efficiently," said Moinzadeh.
OTAmatic, an over-the-air (OTA) software and data management solution, developed by Airbiquity, securely orchestrates and automates connected vehicle software updates and data management from the cloud.
Securely evolving vehicles to become autonomous
By integrating Airbiquity’s OTAmatic and Cyngn’s DriveMod, organisations can invest in industrial AV technology that starts generating value today while being prepared to tackle the challenges of tomorrow.
Typically, industrial AV solutions require companies to completely replace their existing fleet. This new partnership between Airbiquity and Cyngn shifts that paradigm through retrofitting.
Discussing the benefits of the new partnership, Lior Tal, CEO at Cyngn said: "Autonomous vehicle fleets generate vast amounts of data, which we leverage to derive greater insights and create opportunities for increased efficiency. By using Airbiquity's most advanced and industry-proven over-the-air update technology, companies gain access to these ever-expanding capabilities without disrupting their daily operations."
With both companies’ technology, organisations in the materials handling market will be able to securely evolve their vehicles into AV systems which can be refined over time – thus leading to increased autonomous fleet management efficiency and up-time.
Leveraging data to improve AVs
DriveMod enables fleets of all shapes and sizes to drive autonomously. This can be achieved by a simple retrofit or by being embedded directly into original equipment manufacturer (OEM) vehicles at assembly.
Businesses within many industries, such as mining, automotive and construction, use OTAmatic to efficiently plan and execute OTA campaigns. This can be done with refined vehicle and device targeting, discrete policy and privacy controls, customisable user communications and solution deployment flexibility.
Over time and with more data, DriveMod will develop a deeper understanding of the domains in which it operates. Combining this with OTAmatic’s over-the-air software updates ensures autonomous vehicle fleets will continue to generate novel value and efficiency.