$25 Million Phase 1 Expansion Will Add 40,000 Square Feet of Space, Enabling Company to Expand Data Center Services in 4th Largest US Metro
FOSTER CITY, CA – April 21, 2010 – Equinix, Inc. (NASDAQ:EQIX, news, filings), a provider of global data center services, today announced plans to increase the size of its presence in the Dallas metro with the addition of a new Dallas 2 (DA2) International Business Exchange™ (IBX)® data center. Residing in the same location as the company’s DA1 IBX data center, the new facility will initially add approximately 40,000 gross square feet of data center space and 420 cabinet equivalents. The new development will significantly increase Equinix’s presence in the fourth largest metro area in the United States, a market that includes 25 of the Fortune 500 companies and is home to companies across many industries such as defense, telecommunications, mobility and cloud/IT technology services.
The DA2 IBX data center will be built out in two phases. The first phase represents an expected investment of approximately $25 million and is targeted for completion during the first quarter of 2011. The second phase, subject to demand, will add an additional 30,000 gross square feet and approximately 420 additional cabinet equivalents when completed.
“This expansion demonstrates the strong customer demand for Equinix services in the Dallas market,” said Peter Ferris, president, Equinix US. “The Dallas-Fort Worth market is one of the largest concentrations of companies headquartered in the United States, including several data-centric industries such as telecommunications and IT services that rely on Equinix data center services.”
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.
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