50 Percent Increase In Data Center Space Provides Close Proximity to Major New York Exchanges, Delivering Ultra Low Latency Connectivity and Direct Market Access
- Telx expands its data center capacity by 21,500 square feet at its 111 8th Avenue facility, considered the premier Financial Services location in the NY Metro area.
- This data center expansion is driven by Telx’s commitment to meeting the requirements of the financial services industry in need of proximity-based colocation services, as well as cloud infrastructure as a service (IAAS) or software as a service (SAAS) providers seeking collocation services to support high performing production applications.
New York, NY (March 25, 2010) – Telx, a leading interconnection and colocation provider in strategic North American markets, today announced that it has expanded its data center at the 111 8th Avenue facility in New York City. The 50 percent increase in space and new state-of-the-art data center facilities adds 21,500 additional square feet of data center capacity for financial institutions and cloud infrastructure and software providers, offering a direct connection into one of the main fiber optic arteries in New York City— the Hudson Street Ninth Avenue fiber highway.
“Our decision to add more data center capacity to our 111 8th Avenue facility is in response to a sharp increase in demand from our financial services customers and cloud application service providers,” explained Eric Shepcaro, CEO of Telx. “With the expanded footprint, we can immediately meet the latency, proximity, security and services requirements of the most demanding financial services and cloud computing environments.”
With a larger facility, financial firms in need of NY Metro area colocation services can easily leverage secure, direct connections to dozens of markets, exchanges, communities and vendors in a matter of hours, as opposed to weeks. In addition, financial firms can quickly and cost-effectively reach an expanding base of exchanges, broker dealers, capital markets vendors, market data providers, order management vendors, buy-side and sell-side firms in Telx’s expanded NYC data center suites.
“The Telx 111 8th Avenue facility has become one of our primary Points of Presence (PoP) growth locations in the New York metro area thanks to its low-latency connectivity and resiliency,” said Jeffrey Britell, director of Network Planning, IPC Systems. “Telx has built a high-value ecosystem for the financial services industry, and their expansion of the 8th Avenue facility will enable them to provide even more connectivity choice to their customers.”
111 8th Avenue is one of the most important high-tech addresses in the world due to its strategic location atop one of the main fiber optic arteries in New York City, the Hudson Street Ninth Avenue fiber highway. Telx’s data center suites in this location are in high demand by telecommunications, enterprise and financial Services companies in need of low-cost options, speed to market and latency critical proximity. In addition, with its robust ecosystem of service providers and enterprises, the 111 8th Avenue data center suites are optimal for secure enterprise cloud infrastructure as a service (IaaS) and Software as a Service (SaaS) environments.
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IPC is a leading provider of indispensable financial trading communications solutions to the world’s top financial services firms and global enterprises. With 35 years of expertise and innovation, IPC provides its customers with global systems and solutions, as well as a suite of products and enhanced services that includes advanced Voice-over-IP technology and integrated network and 24x7x365 management services in more than 60 countries. Based in Jersey City, N.J., IPC has approximately 900 employees throughout the Americas, Europe and Asia-Pacific regions. For more information, visit www.ipc.com.
Telx is a leading provider of interconnection, colocation and business exchange services in strategic, high demand North American markets. With 15 premier facilities, Telx increases speed to market and reduces connectivity costs by providing direct connections to the industry’s highest performance networks and access to more than 750 leading telecommunications carriers, ISPs, content providers and enterprises. Telx is a privately held company headquartered in New York City with four facilities in the New York Metro area, two facilities in Chicago, two facilities in Dallas, three facilities in California, (Los Angeles, San Francisco, Santa Clara) and facilities in Atlanta, Miami, Phoenix and Charlotte, N.C. For more information about Telx, visit www.telx.com.
BridgeView Marketing for Telx