Equinix to Invest US $43 Million to Expand SG2 by 850 Cabinet Equivalents
FOSTER CITY, CA AND SINGAPORE — July 28, 2010 — Equinix, Inc. (NASDAQ:EQIX, news, filings), a provider of global data center services, today announced that it will expand its second International Business Exchange™ (IBX®) data center in Singapore, SG2, as a result of an increasing demand for premium colocation and interconnection services in Singapore and South Asia. This third expansion phase within the SG2 IBX data center will add 850 new cabinet equivalents when completed in mid-2011.
This announcement follows the SG2 IBX data center Phase 2 expansion of 1,000 cabinet equivalents, which is expected to be completed in September this year. Phase 1 was launched in July 2009 with 700 cabinet equivalents.
Singapore’s robust info-communications infrastructure and pro-business environment have made it the hub for multinational companies looking to establish a presence in the region. Companies including cloud and IT services providers, content providers, networks and financial services firms are seeking to deploy critical infrastructure with a well-connected, carrier-neutral data center operator with a global presence. In Singapore, Equinix has already engaged with more than 70 networks and telecommunication service providers, making it the most network-dense data center in the country. Equinix’s Singapore IBX data center campus has become one of the largest cloud and IT services hubs for the Asia-Pacific region. In addition, Singapore expects to launch two new submarine cable systems in 2012, located adjacent to the Equinix IBX data centers, adding between 23 and 31 Tbps of potential capacity.
“We continue to expand the facilities based on anticipated market demand,” said Clement Goh, managing director, Equinix Singapore. “Phase 1 of the SG2 IBX data center is currently at 75 percent capacity and there is a stronger than expected fill rate for Phase 2. The Phase 3 expansion reassures our customers that Equinix data center services provide the architectural flexibility and performance optimization needed to grow their business in the region.”
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 595 network service providers rely upon Equinix’s insight and expertise to protect and connect their most valued information assets. Equinix operates 89 data centers across 35 metro areas in North America, Europe and Asia-Pacific.
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Equinix Media Contact (Global)
Equinix Investor Relations Contact
+1 (650) 513-7402
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LEWIS Public Relations
Jacinta Paul / Yik Wai Yi
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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.