$61 Million Dollar Investment Answers Demand for Premier Data Center Services from IT Services, Content and Telecommunications Companies
FOSTER CITY, CA — August 2, 2010 — Equinix, Inc. (NASDAQ:EQIX, news, filings), a provider of global data center services, today announced the opening of the first phase of its third International Business Exchange™ (IBX®) data center in Atlanta. The new $61 million Atlanta IBX data center, which is located in the Atlanta city center, will provide a total of 1,450 cabinet equivalents upon the completion of a second phase, already under construction, which is expected to open in the fourth quarter of 2010. The new IBX data center is connected to Equinix’s two existing IBX data centers in Atlanta, providing immediate access to almost 50 network providers.
Atlanta has the fourth largest concentration of Fortune 500 companies in the U.S., and more than 75 percent of the Fortune 1000 companies have a presence in the metropolitan area.
“Opening our newest IBX data center in Atlanta will enable us to meet existing demand from some of the largest enterprise and telecommunications companies in the world – many of which are existing Equinix customers looking to increase their capacity as they continue to build strategic business ecosystems in this important market,” said Pete Ferris, president, Equinix North America. “Currently, we’re seeing strong interest from our network customers. We’re pleased to meet the market’s need with the opening of another state-of-the-art International Business Exchange data center.”
The first phase of the Atlanta IBX data center features 400 cabinet equivalents. The second and final phase, already under construction, will add approximately 1,050 cabinet equivalents when completed in the first quarter of 2011.
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 90 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.
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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.