The New $65 Million Investment Will Add 1,000 Cabinet Equivalents
FOSTER CITY, CA AND SYDNEY, AUSTRALIA — June 28, 2010 — Equinix, Inc. (NASDAQ:EQIX, news, filings), a provider of global data center services, today announced plans to build its third International Business Exchange™ (IBX) in Sydney, Australia. The new IBX data center, called SY3, will significantly increase the company’s Sydney capacity to meet the high demand for premium colocation and interconnection data center services in the Sydney market. The $65 million first phase of the SY3 IBX data center will add 1,000 cabinets and is targeted for opening during the second quarter of 2011.
“With strong demand for secure and well-connected data center space, our investment in the SY3 IBX data center highlights our ongoing commitment to delivering cutting edge facilities and data center services to support the Australian market,” said Darren Mann, managing director, Equinix Australia. “Our second Sydney IBX data center (SY2), which officially opened in early 2009, has filled ahead of our expectations. We are confident that this new capacity offering will also result in similar strong demand from both local and multinational corporate, government and financial services entities that leverage the Sydney metropolitan area as a key location for business.”
Located south of Sydney, the new IBX data center will have a total capacity for more than 3,000 cabinet equivalents when all of the phases are fully built out. The new IBX will support a standard power density of 4kVA per cabinet and capability to support much higher densities where required. The new site will have direct fiber connectivity to Equinix’s SY1 and SY2 IBX data center campus, which is located less than one mile away. Interconnected by Equinix’s IBXLink service, customers can enjoy a wide range of connectivity options and immediate access to over 50 network providers at the existing facilities in Sydney.
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 website regularly for the most up-to-date information.
Equinix Media Contact (Global)
Equinix Investor Relations Contact
+1 (650) 513-7402
Equinix Media Contact (Asia-Pacific)
+ (852) 2970 7731
Equinix Media Contact (Sydney):
+ 61 2 9409 3100
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.