Equinix Moves Into Cloud Security With Key Management, Encryption Service

The new SmartKey service allows enterprises to globally manage encryption keys across multiple, disparate regions, countries, and cloud service providers. It comes barely two months after former Equinix CEO Steve Smith said the company would expand into security and storage services over the next several years. According to the data center company’s own research, the next three years will see about 50 percent growth in the traffic capacity needed by enterprises to directly connect with, and exchange data across, multiple clouds, IT providers, and third-party network destinations. But dispersing data across multiple clouds and third-party providers creates security and compliances challenges.