Equinix to host core IPC networking infrastructure to ensure close proximity with venues and financial communities located at six key Equinix data centers for financial markets
Jersey City, N.J., and Foster City, CA – May 11, 2010 – IPC Systems, Inc., a leading provider of indispensible trading communications solutions to the world’s top financial services firms and global enterprises, today announced that it has extended its affiliation with global data center services company Equinix, Inc. (NASDAQ:EQIX, news, filings) to support growing demand for IPC’s portfolio of Electronic Connectivity Services (ECS). Equinix already hosts IPC’s core network infrastructure at four of its major data centers in Chicago, New York, Toronto and Hong Kong. As part of the global collaboration between the two organizations, IPC will extend its deployment with Equinix during 2010, adding locations in the UK and Singapore.
IPC’s private, secure network interconnects more than 200 cities across six continents, and provides an ideal connectivity option for the members of the Equinix electronic trading community looking for industry-leading resilience, dedicated bandwidth and the highest levels of service availability. Equinix IBX data centers support a global financial community of buy-side and sell-side firms, hedge funds, execution venues, market data suppliers, network providers and trading technology vendors – all interconnected inside a neutral, open marketplace. Equinix has expanded quickly in the world’s key financial markets to become the data center for the well-connected, offering the lowest latency connectivity and collocation capabilities via 87 major data centers around the world.
“At Equinix we understand that financial services firms depend on secure connectivity, access to the exchanges, trading venues, market data and service providers that are right for their business, and the ability to deploy fast and seamless connectivity with the minimum of disruption,” commented John Knuff, general manager of Financial Services at Equinix. “That’s why we’ve always supported a carrier-neutral approach, providing our customers with the opportunity to connect with the networks, carriers and ISPs that are most appropriate for their business. IPC supports more than 2,400 trading floors and connects almost 4,000 market participants and exchanges globally so we expect it to prove a popular choice for our customers in our New York, Chicago, Hong Kong and Toronto data centers, as well as in Singapore and Slough later this year.”
“Extending our relationship with Equinix and becoming an active member of the company’s electronic trading community makes good sense for IPC as both organizations are entirely complementary in terms of our proposition for today’s demanding financial services customers,” added Dave Brown, senior vice president, Global Network Operations, IPC Systems. “Because we already supply connectivity to market participants and exchanges across the globe, we believe we can provide a compelling connectivity choice for firms locating in Equinix’s expanding global data center network. With our Electronic Connectivity Services we can play a key role in helping organizations to connect to their target markets more quickly, while still supporting them with the high-quality, reliable and scalable connectivity solutions needed for successful electronic trading.”
IPC’s Electronic Connectivity Services are built on a global networking infrastructure focused exclusively on providing financial institutions with connectivity for all aspects of their trade lifecycle. Specifically engineered for electronic trading applications, the IPC network allows organizations to benefit from secure, dedicated bandwidth, take advantage of scalable and flexible connectivity capabilities, and support their evolving electronic trading requirements.
About Equinix In The Global Financial Markets
Equinix provides a 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; that locate servers and infrastructure within Equinix data centers in order to support highly reliable, low latency connectivity for a broad range of market participants. Learn more at: http://financial.equinix.com.
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 data centers across 35 metro regions in North America, Europe and Asia-Pacific.
Important information about Equinix is routinely posted on the investor relations page of its website located at http://www.equinix.com/investors. We encourage you to check Equinix’s website regularly for the most up-to-date information.
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.
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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.
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