Equinix’s 50th IBX Data Center Opens in London; Will Help Company Service Global Demand From Financial Services Firms and Cloud Service Providers
FOSTER CITY, CA and LONDON, UNITED KINGDOM – March 30, 2010 – Equinix, Inc. (NASDAQ:EQIX, news, filings), a provider of global data center services, today announced a major company milestone: the opening of its 50th premier International Business Exchange™ (IBX®) data center. This announcement demonstrates Equinix’s ability to help its customers fully leverage all of the benefits of an interconnected world. Equinix’s $2.0 billion investment to expand operations between 2007 and 2010 is driven by market demand where Equinix’s premium IBX data centers are today distributed in 19 of the world’s leading markets on four continents. Through its 51 IBX and partner data centers, Equinix customers choose from hundreds of network providers to connect their business to the Internet, significantly lowering their total network costs, and also interconnect to key partners, creating a unique business ecosystem that optimizes the distribution of their business content and applications.
“The opening of our 50th premier IBX data center is a massive achievement for the company and is a testament to our team, our services and the value we provide to our customers on a daily basis,” said Steve Smith, president and CEO, Equinix. “This milestone validates our fundamental strategy to protect and connect the world’s most valued information assets and ensures that Equinix will continue to supply leading data center services for businesses now and into the future.”
About Equinix LD5 IBX Data Center
London is one of the largest and fastest growing data center markets in the world. To respond to this demand, the new Equinix facility will provide 290,625 square feet of gross space (27,800 square meters), making it the company’s second largest IBX data center in Europe (after the FR2 IBX data center located in Frankfurt, Germany) and more than doubling the company’s footprint in the strategic London market when fully built-out. Named LD5 and located on the outskirts of London, this state-of-the-art data center has been built to meet growing demand for premium colocation and network exchange services, particularly from financial services firms and cloud service providers operating in the UK capital.
LD5 has been built on the same campus as Equinix’s existing LD4 IBX data center. The two facilities are connected by more than 1,000 diverse dark fiber links, enabling customers from across the campus to easily grow their operations and directly exchange business information. Opened in the fourth quarter of 2007, the LD4 IBX data center is currently operating at more than 90% occupancy. The LD4/5 campus currently provides customers with a wide range of connectivity options, with access to more than 30 carrier networks as well as the London Internet Exchange (LINX). It is also home to Equinix’s Financial Services offering, an active community of execution venues and other financial market participants that locate in close proximity to each other in order to directly exchange data, speed up execution times and increase trading volumes.
“LD5 represents not only our 50th IBX data center, it’s our largest facility in the UK and our 2nd largest IBX data center in Europe,” said Russell Poole, UK General Manager, Equinix. “For Equinix, continued growth and demand have been fueled by two particularly strong market trends: the need for financial market participants to locate in close proximity to each other in order to improve the efficiency of their trading operations, and the increasing uptake of cloud-based services by enterprises in the UK and in major markets around the world.”
The LD5 IBX data center has been designed to provide customers with highly resilient yet energy efficient data center services. For example, each cabinet provides two N+1 Uninterruptable Power Supplies (UPS) as standard, providing additional redundancy and ensuring industry-leading uptime for all LD5 customers. The data center also includes a number of design features to maximize efficiency and reduce the overall power consumption of the facility. These include fresh air cooling for all of LD5’s UPS and plant equipment, as well as variable speed secondary chilled water pumps and high efficiency fans within the CRAC (computer room air conditioning) units. This equipment has also been designed to respond to favorable climate conditions – in colder weather, outside air is used to chill the water that cools the data center, reducing the cost and energy usage traditionally associated with the process.
T-Systems, Deutsche Telekom’s outsourcing division, is the anchor tenant in LD5. T-Systems has worked with Equinix for a number of years now, with installations in several of Equinix’s IBX data centers throughout Europe. As Tom Murphy, Head of IAS at T-Systems, says, “The reason we keep coming back to Equinix time and time again is that with them, we can expect a consistently high level of service. Their international reach fits well with our corporate strategy, enabling us to expand as and when our business demands it.”
Murphy continues, “Our move into LD5 has completely exceeded our expectations. The data center has been designed not only to deliver optimum resilience but also maximize on efficiency savings. It is a true state of the art facility, and we’re delighted to be a part of it.”
The Equinix LD5 IBX data center is being built out in phases, to be timed to meet market demand. This initial phase delivers 75,347 square feet of gross data center space (7,000 square meters) and capacity for 1,400 cabinet equivalents. On completion, the data center will have capacity for a total of 5,600 cabinet equivalents.
Equinix, Inc. (NASDAQ: EQIX) provides global data center services that ensure the vitality of the information-driven world. Global enterprises, content and financial companies, and network service providers rely upon Equinix’s insight and expertise to protect and connect their most valued information assets. Equinix operates 51 International Business Exchange™ (IBX®) and partner data centers across 19 markets in North America, Europe and Asia-Pacific.
Important information about Equinix is routinely posted on the investor relations page of its website located at www.equinix.com/investors. We encourage you to check Equinix’s website regularly for the most up-to-date information.
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Forward Looking Statements
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 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's filings with the Securities and Exchange Commission. In particular, see Equinix's recent 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.
Equinix and IBX are registered trademarks of Equinix, Inc. International Business Exchange is a trademark of Equinix, Inc.