Steve Smith, the previous CEO and president of Equinix who before this yr abruptly left the business, has been named managing director at GI Associates, the personal equity firm acknowledged in the details heart industry for backing some of the major players in details heart companies.
According to his LinkedIn profile, Smith joined GI in June. A GI spokesperson declined to comment.
He resigned from Equinix in January, soon after 11 decades as chief govt. The business did not demonstrate his astonishing departure – Equinix has been 1 of the industry’s major accomplishment tales – expressing only that he stepped down soon after “exercising weak judgement with regard to an worker issue.”
Equinix’s chairman and pre-Smith CEO Peter Van Camp has been filling in as interim chief exec of the world’s most significant colocation and interconnection company since.
San Francisco-based GI’s recent details heart portfolio features Flexential, the business shaped as a final result of the $1.sixty seven billion acquisition of ViaWest by GI-backed Peak 10 last yr. Chris Downie, previous CEO of Telx, which also employed to be part of GI’s portfolio, now sales opportunities Flexential as chief govt.
GI’s other previous portfolio corporations include things like Digital Realty, which it established and which 3 decades in the past obtained Telx, and SoftLayer, now part of IBM.
The firm also owns a number of person details heart houses in the US.
Other than details centers and details heart vendors, GI invests in other kinds of IT infrastructure corporations, as properly as corporations in healthcare, program, and companies sectors.