Leading global supply chain solutions provider is now benefiting from the performance, reliability and security of on-premises IT with multi-cloud agility
SINGAPORE – April 2, 2020 – Equinix, Inc. (Nasdaq: EQIX), the global interconnection and data center company, today announced that Fung Group, a global leader in supply chain solutions whose core businesses include trading, logistics, distribution and traditional and digital retailing, has deployed Oracle Exadata Database Machine running on Equinix Cloud Exchange Fabric™ (ECX Fabric™) to digitize its supply chain ecosystem. This new on-premises and multicloud connectivity solution, dubbed a cloud adjacent architecture, is offered as a result of a joint effort by Oracle and Equinix. Equinix is an Oracle PartnerNetwork (OPN) member.
In today's digital economy, businesses must be responsive to fast-moving market trends if they want to remain competitive. Fung Group is firmly focused on advancing new, disruptive technologies shaping the future of supply chains, and continuously exploring new opportunities for business growth through strategic innovation in retailing, new products, services or markets. Committed to creating value for customers and partners, Fung Group aims to digitalize the supply chain to deliver integrated and intelligent solutions.
By leveraging Oracle Exadata and Equinix Cloud Exchange Fabric™ (ECX Fabric™) on Platform Equinix®, Fung Group is able to benefit from the cloud adjacent architecture to access various applications across multiple cloud providers for enhanced performance, resiliency and cost optimization.
Equinix, Inc. (Nasdaq: EQIX) connects the world's leading businesses to their customers, employees and partners inside the most interconnected data centers. On this global platform for digital business, companies come together across more than 50 markets on five continents to reach everywhere, interconnect everyone and integrate everything they need to create their digital futures. Equinix.sg
About Oracle PartnerNetwork
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About Fung Group
Fung Holdings (1937) Limited, a privately-held business entity headquartered in Hong Kong, is the major shareholder of the Fung Group of companies, whose core businesses operate across the entire global supply chain for consumer goods including sourcing, logistics, distribution and retail. The Fung Group comprises over 34,000 people working in more than 40 economies worldwide. We have a rich history and heritage in export trading and global supply chain management that dates back to 1906 and traces the story of how Hong Kong and the Pearl River Delta emerged as one of the world’s foremost manufacturing and trading regions. We are focused on both creating the Supply Chain of the Future to help brands and retailers navigate the digital economy as well as creating new opportunities, product categories and market expansion for brands on a global scale.
Listed entities of the Group include Li & Fung Limited (SEHK: 00494), Global Brands Group Holding Limited (SEHK: 00787) and Convenience Retail Asia Limited (SEHK: 00831). Privately-held entities include LH Pegasus, Branded Lifestyle Holdings Limited, Fung Kids (Holdings) Limited, Toys "R" Us (Asia) and Suhyang Networks.
For more information, please visit www.funggroup.com.
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, the challenges of acquiring, operating and constructing IBX data centers and developing, deploying and delivering Equinix services; unanticipated costs or difficulties relating to the integration of companies we have acquired or will acquire into Equinix; a failure to receive significant revenue 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; and other risks described from time to time in Equinix filings with the Securities and Exchange Commission. In particular, see recent 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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