In 2002, Equinix merged with i-STT, the Internet infrastructure service subsidiary of Singapore Technologies Telemedia, and Pihana Pacific. This established the company's presence in China, Singapore, Australia and Japan. In 2007, the firm announced a $2 billion international expansion plan and entered the European market by acquiring data center operator IXEurope and its facilities. In 2010, Equinix opened its 50th data center, in London. Over the next seven years, the company nearly tripled its data center portfolio, growth the company attributed to increased demand caused by the emergence of cloud computing, the Internet of Things and big data.