Carrier Neutral Interconnection Leaders Will Connect Key Ethernet Exchange Sites to Help Service Providers Extend Their Networks
New York, NY (June 3, 2010) – Telx®, a leading interconnection and colocation provider in strategic North American markets, today announced that it plans to join forces with Neutral Tandem, (NASDAQ:TNDM, news, filings) a leading provider of tandem interconnection services to wireless, wireline, cable and broadband telephony companies, for its new Telx Ethernet Exchange. Neutral Tandem and Telx plan to connect their key Ethernet Exchange sites, helping customers to seamlessly interconnect their networks without complex, time consuming interconnection agreements, providing greater reach to their end customers. It provides Enterprise and Cloud/SaaS providers greater network choice and faster interconnections.
“We believe that our planned relationship with Telx will enable us to create the largest Ethernet Exchange platform in the nation,” said Rian Wren, president and chief executive officer, Neutral Tandem. “Neutral Tandem’s proven track record with interconnecting carriers across the U.S., combined with Telx’s strategic data center locations, will form the basis for a winning combination. With this planned collaboration, Telx’s service provider ecosystem will be able to leverage Neutral Tandem’s expansive network, while our customers will have access to the 800+ Telx customers in their strategic interconnection centers."
Under the planned relationship, both Neutral Tandem and Telx’s Ethernet Exchange offerings will be built using the same unified exchange fabric, resulting in a seamless customer experience regardless of location. As such, Telx’s Global Marketplace of service provider customers will be able to extend their geographic service regions by tapping directly into Telx’s seven Ethernet Exchange locations as well as Neutral Tandem’s planned 14 Ethernet eXchange locations nationwide. The combined platform will provide service providers with an easier, more cost-effective way to connect their Ethernet networks without going through the time-consuming, costly process of setting up individual, complex interconnection agreements or building out local fiber networks themselves.
Telx Ethernet Exchange will become available in seven of its strategic interconnection data centers over the next nine months. Neutral Tandem previously announced plans to launch its Ethernet eXchange in 14 markets this year. Once implemented, the planned relationship will allow customers of the Telx Ethernet Exchange to leverage the Neutral Tandem exchanges in the same metro areas and across the wide area for even more connectivity choice, while Neutral Tandem customers will have secure access to Telx’s industry-leading service provider ecosystem in key locations, resulting in low-latency, resilient connections.
“Telx is excited to work with Neutral Tandem to help our service provider colocation customers expand the reach of their Ethernet networks through our new Ethernet Exchange platform,” said Eric Shepcaro, CEO of Telx. “Our relationship with Neutral Tandem, a company with the same carrier-neutral approach Telx has used to build its Global Marketplace of customers, is a great fit as we ramp up services. With the addition of Neutral Tandem’s locations, Telx can offer the most comprehensive, cost-effective virtual Ethernet interconnections to our customers, who will no longer be limited to specific geographic regions for reliable Ethernet connectivity.”
Telx will debut the Telx Ethernet Exchange live at the Customer Business Exchange (CBX) Event, June 3, 2010 at the Marriott Marquis Hotel in Times Square, New York City. To view live, streaming video of a press conference held from the CBX Press Room at 1 p.m. EDT on June 3 and Tweet your questions about the new Ethernet Exchange to experts, go to http://www.telx.com/live-streaming.html.
About Telx Ethernet Exchange
Telx Ethernet Exchange solves the industry challenge of seamlessly connecting Ethernet networks without the cost and time consuming process of establishing complex interconnection agreements. Telx Ethernet Exchange is powered by the 6.4 TB/s capable Cisco ASR 9000 hardware platform and the modular Cisco IOS® XR software operating system, simplifying network operations for Telx and its customers while enabling comprehensive system redundancy and network resiliency. Telx Ethernet Exchange will initially be available in its two New York City locations, 111 8th Avenue and 60 Hudson Street, along with its Atlanta and San Franciscohttp://www.telx.com/Solutions/telx-ethernet-exchange.html. facilities, with plans to roll out capabilities in its remaining locations in the coming months. For more information, go to
About Neutral Tandem
Headquartered in Chicago, Neutral Tandem, Inc. is a leading provider of interconnection services to wireless, wireline, cable and broadband telephony companies. Neutral Tandem's solutions build redundancy, security and operational efficiencies into the nation's telecommunications infrastructure. Neutral Tandem’s solutions include both voice and Ethernet interconnection services. Neutral Tandem recently announced plans to launch 14 Ethernet eXchanges at the following locations: Atlanta, Boston, Chicago, Dallas, Denver, Detroit, Houston, Los Angeles, Miami, New York, Philadelphia, San Francisco, Seattle and Washington, D.C. Please visit Neutral Tandem's website at: www.neutraltandem.com.
Cautions Concerning Forward Looking Statements
This press release contains forward-looking statements that involve substantial risks and uncertainties. All statements, other than statements of historical fact, included in this press release regarding strategy, future operations, future financial position, future revenues, projected costs, prospects, plans and objectives of management are forward-looking statements. The words "anticipates," "believes," "expects," "estimates," "projects," "plans," "intends," "may," "will," "would," and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Neither party may actually achieve the plans, intentions or expectations disclosed in any forward-looking statements. Actual results or events could differ materially from the plans, intentions and expectations disclosed in the forward-looking statements. Factors that might cause such differences include, but are not limited to: risks associated with the parties entering into final definitive agreement(s) with respect to the planned relationship described in this press release, risks associated with the ability to successfully develop and market Ethernet interconnection services, including interconnection delays, the inability to obtain necessary third party materials, services or required approvals on a timely basis, if at all, and other factors, including the impact of regulation, many of which are beyond either party’s control and all of which could delay or affect the ability to offer or market this new service; and other important factors included in either party’s reports filed with the Securities and Exchange Commission, particularly in the "Risk Factors" section of those reports, as such Risk Factors may be updated from time to time in subsequent reports. Neither party assumes any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.
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 800 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, and Santa Clara) and facilities in Atlanta, Miami, Phoenix and Charlotte, N.C. For more information about Telx, visit www.telx.com.