$80 Million, Third Phase Expansion Strengthens Leadership Position,
Provides Neutral Meeting Place for the World’s Leading Financial Market Participants
FOSTER CITY, CA — May 6, 2010 — Equinix, Inc. (NASDAQ:EQIX, news, filings), a provider of global data center services, today announced the expansion of its NY4 International Business Exchange™ (IBX®) data center. The $80 million third phase provides approximately 1,250 cabinet equivalents, enabling Equinix to better service the largest metropolitan area in the United States—a region that includes leading financial firms and some of the largest media and enterprise companies in the world.
“The demand for our data center services in this metropolitan area, particularly in the financial sector, has increased significantly over the last few quarters,” said Pete Ferris, president, Equinix North America. “New York is not only the hub of the North American financial market, but is an important component of the world’s financial ecosystem. Our IBX data centers are built for this demanding set of high availability transaction engines, offering the ability to satisfy local demand while scaling data services to bridge to a global audience.”
The NY4 IBX data center, located 11 miles from downtown Manhattan and one of Equinix’s eight IBX data centers in the area, is a key component of Equinix’s financial ecosystem, a carrier-neutral meeting place for the world’s leading financial market participants including trading venues, buy and sell side firms, market data providers, technology providers and financial networks.
Developed specifically to solve the performance challenges inherent to the transaction-intense nature of the global banking and trading communities, Equinix IBX data centers enable financial institutions to architect high-performance infrastructures. The phase three expansion of the NY4 IBX data center offers new colocation and interconnection opportunities for existing customers and a secure, scalable platform for new customers.
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 more than 575 network service providers rely upon Equinix’s insight and expertise to protect and connect their most valued information assets. Equinix operates 87 International Business Exchange™ (IBX®) and partner data centers across 35 metro areas in North America, Europe and Asia-Pacific.
Important information about Equinix is routinely posted on the investor relations page of its Web site located at http://www.equinix.com/investors. We encourage you to check Equinix’s Web site 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 Switch and Data into Equinix; a failure to receive significant revenue from customers in recently built out 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; the results of any litigation relating to past stock option grants and practices; 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 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.