World’s Largest Data Center Company Begins Second Decade on NASDAQ as it Prepares to Cross the $1 Billion Threshold
FOSTER CITY, CA — August 11, 2010 — Equinix, Inc. (NASDAQ:EQIX, news, filings), a provider of global data center services, today celebrated the 10th anniversary of its IPO and listing on NASDAQ. Steve Smith, Equinix’s president and CEO, rang NASDAQ’s opening bell to mark the occasion. The company, which is on target to generate more than $1 billion in annual revenues in 2010, has just completed its 30th consecutive quarter of growth and continues to extend its leadership position in key markets around the world.
“The last 10 years have been characterized by our ability to capitalize on emerging trends and enable our customers to seize new opportunities,” said Steve Smith, president and CEO at Equinix. “Equinix has evolved considerably since our IPO, but the same characteristics that drove us in the beginning – creativity, innovation, commitment to our customers – continue to push us to new heights today. Our ability to execute to plan has helped companies build and expand their service offerings and that value is reflected in our growth.”
Several global macro trends have led to increases in the volume of rich content and dynamic applications in cloud and IT services, electronic trading, online video and mobile data. These trends have heightened demand for a global, data center platform that allows businesses to optimize the delivery of applications and services and connect directly to strategic partners within a business ecosystem.
Equinix’s global services delivery platform includes energy-efficient International Business Exchange™ (IBX®) data centers in key markets across North America, Europe and Asia-Pacific. The platform offers a critical mass of networks combined with unique interconnection and exchange services, enabling businesses to reduce cost, improve application performance and enhance the end-user experience.
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 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.
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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.