First phase of new 48,400 gross square foot (4,500 gross square meter)
GV2 International Business Exchange data center now open for business
FOSTER CITY, CA and GENEVA, SWITZERLAND – March 17, 2010 – Equinix, Inc. (NASDAQ:EQIX, news, filings), a provider of global data center services, today announced the opening of the first phase of its second International Business Exchange™ (IBX®) data center in Geneva, Switzerland. The purpose-built GV2 IBX data center, Equinix’s fifth in the country, will accommodate demand for premium colocation and data center services from both local and global corporations and banking organizations. The first phase adds 380 cabinets to Equinix’s data center capacity in Geneva and, when fully built out, will total 48,400 gross square feet (4,500 gross square meters) with capacity for 760 cabinet equivalents. The addition more than doubles Equinix’s footprint in the city, making it Equinix’s largest IBX in Switzerland. Further phases will open during 2010 and will be timed to reflect market demand.
Located west of Geneva’s city center, the new high specification GV2 IBX is conveniently located to transport and airport links and is already well-connected to both metro and regional networks, providing Equinix customers with a variety of options to access the data center. Customers in the Equinix GV2 IBX can access the Equinix GV1 IBX through diverse fiber paths from multiple providers, reaching more than 40 additional carriers and service providers which in turn offer network connectivity to the remainder of Switzerland and the rest of the world.
In addition to providing high-end services to corporations with operations in the city, the data center will also enable Equinix to continue the expansion of its interconnect business as Geneva is a key location between the Mediterranean fiber landing sites of Marseille, France and Palermo, Italy and the major metropolitan regions of Northern Europe. With 11 carriers, including 022 Télégenève SA – naxoo, Belgacom ICS (International Carrier Services), Cablecom, Cogent, Global Crossing, Level 3 Communications, SIG, Sunrise, Via Numerica and VTLWaveNet - part of the Viatel Group, already extending their networks to the new data center, Equinix GV2 IBX is on track to become a major carrier hub for the region. In addition, the Equinix GV2 data center will also provide access to the CIXP (CERN Internet Exchange Point) which is co-operated by Equinix and CERN, the European Organization for Nuclear Research.
“Geneva is a very strategic market for Equinix,” said Eric Schwartz, president of Equinix in Europe. “Not only is there growing local demand for high specification data center services – particularly from the city’s financial sector – the city’s location between Northern and Southern Europe means it is a key peering point for a increasing number of network operators. Our high specification, high capacity and network-rich GV2 data center more than doubles our capacity in Geneva, providing our existing and prospective customers with the space to support both their current and future data center operations.”
The GV2 IBX data center is part of Equinix’s $1.4 billion 2007-2010 global expansion plan. The company has also announced plans to open a fourth IBX data center in Zurich, expected to open in Q2 2010.
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 49 International Business Exchange™ (IBX®) data centres across 18 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.
Equinix Media Contact (Global)
Equinix Investor Relations Contact
+1 (650) 513-7402
Equinix Media Contacts (Europe)
Jacqui Depares / Lucy Smart
+44 (0)20 7401 7968
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.