EQUINIX INC acquires Nimbo Technologies Inc.
Snapshot
EQUINIX INC acquired Nimbo Technologies Inc. in January 2015. The transaction was structured as all cash. Nimbo Technologies Inc. is a Cloud migration / professional services business.
- Acquirer
- EQUINIX INC
- Target
- Nimbo Technologies Inc.
- Value
- (not disclosed)
- Date
- January 2015
- Type
- full acquisition
- Status
- ready
The deal at a glance
About this deal
EQUINIX INC acquired Nimbo Technologies Inc., a transaction completed in January 2015, structured as all cash.
Nimbo Technologies Inc. operates in Cloud migration / professional services. Nimbo Technologies Inc. was a cloud migration and professional services firm acquired by Equinix in January 2015 to support enterprise hybrid-cloud adoption. Disclosed jointly with Bit-isle in the FY2016 10-K cash-flow note (combined ~$245.6 million net of cash).
Equinix acquired Nimbo to strengthen its ability to help enterprise customers migrate to and operate hybrid-cloud environments on Platform Equinix.
Added cloud-migration professional-services capability supporting enterprise adoption of Platform Equinix. Equinix Americas / professional services
No advisory firms have been disclosed for this transaction.