Home Patent Forecast® Sectors Log In   Sign Up   Support   Contact  
Why Patent Forecast® What's Included Patent Forecast® Sectors Free Trial Pricing News Feed Subscribe Menu
Enjoy your FREE PREVIEW which shows only 2018 data and 25 documents. For full access, subscribe at any time.         Subscribe

Edge Computing

Read More News and Insights

Equinix Picks up a Packet

Edge Computing Patent Forecast®

January 16, 2020

At Magic Number, we tend to talk about building a patent portfolio versus buying one. This week, however, Equinix is doing something completely different as they are ignoring patent assets and buying a physical portfolio instead. A data center services provider for global enterprises, financial institutions, and over 500 service providers, Equinix has announced they are buying bare metal provider Packet for a currently undisclosed purchase price. Keeping this in mind, Packet's last funding round included a valuation of over $100 million.

Equinix has numerous patents in the edge computing space, mainly relating to cloud-based services exchange. Packet, on the other hand, while well known in the Edge space, has no published intellectual property. This acquisition will enhance edge services for Equinix's customers, as Packet owns more than 20 data center locations worldwide, many at the bases of cell towers, which will create the opportunity for single tenant servers. 

Packet has previously partnered with Vapor IO and EdgeConneX, collocating at cell towers to deploy its bare metal cloud system. Competitors in the space include Google.

In October, Equinix launched a joint venture to build data centers for providers including Amazon Web Services, Microsoft Azure, and Google. This venture is valued at $1 Billion.

Relevant Patent Documents

Patent 10230798  

Patent 10530632  

Patent 10237355  

Patent 10291726  

Patent 10250699  

Article Source Link


Read more like this in News This Week!   or   Share this link with your connections!