$70 million investment responds to strong demand from IT and cloud services providers, online content and financial market participants
Foster City, CA and Tokyo, Japan – September 27 , 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®) data center, called TY3, in Tokyo, Japan. The $70 million, 79,600 gross-square-foot TY3 IBX data center, targeted for completion in mid-2011, will offer 960 cabinet equivalents to data centric industries including cloud and IT services providers, online content and financial market participants doing business in Japan.
The new TY3 IBX data center will feature Equinix’s industry-leading standards of security, environment control and power availability. It will have direct fiber connectivity to Equinix’s two other IBX data centers in the city, TY1 and TY2. Current and prospective customers will have direct access to more than 50 networks including both international and domestic carriers. In addition, the strategic location of the TY3 IBX data center within the Tokyo City Center offers financial market participants the advantage of close proximity to the major financial exchanges in the Japanese capital. Close proximity to these exchanges combined with the vast network choice and Equinix interconnection services to strategic partners helps the financial market participants achieve high performance trading.
“The accelerated digitization of the world economy has heightened the demand for Equinix as companies look to optimize the performance of their business applications and connect to strategic partners within a business ecosystem,” said Kei Furuta, managing director, Equinix Japan K.K. “Currently, we are seeing strong interest from across multiple industries, supporting our commitment to add customer-driven capacity to our global platform.”
The TY3 IBX data center expansion reflects strong demand for Equinix in Asia-Pacific. Equinix has also recently announced the second phase expansion of its TY2 data center in Tokyo, the expansion of SY3 data center in Sydney, the third phase expansion of the existing SG2 center in Singapore, and building HK2 IBX data center in Hong Kong.
Equinix, Inc. (NASDAQ: EQIX) provides global data center services that ensure the vitality of the information-driven world. Global enterprises, cloud, content and financial companies, and more than 595 network service providers rely upon Equinix 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. Learn more at: www.equinix.com.
Equinix Media Contact (Global)
Equinix Investor Relations Contact
+1 (650) 513-7402
Equinix Media Contact (Asia-Pacific)
+ (852) 2970 7731
Equinix Media Contacts (Japan)
Fred Tanaka / Tomoyuki Takasugi
LEWIS Communications KK
+81 3 5778 5173
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.