$25 Million Phase 1 Dallas Expansion Supports Strong Demand for Peering and Interconnection Services Among Networks and IT Services Companies
REDWOOD CITY, Calif. – April 5, 2011 – Equinix, Inc. (NASDAQ:EQIX, news, filings), a provider of global data center services, today announced the opening of its fifth International Business Exchange™ (IBX®) data center in Dallas, Texas.
One of 35 global markets served by Platform Equinix™, Dallas-Fort Worth is the fourth largest metro area in the United States and the twelfth largest in the world. Because of its central location in the U.S. and proximity to many telecommunications companies, Dallas is a key Internet and peering exchange point for networks.
The new Dallas IBX further extends Platform Equinix, adding approximately 34,000 gross square feet of data center space and 450 cabinet equivalents. The facility represents an investment of approximately $25 million for the first phase of a two-phase build-out. The second phase has planned capacity for approximately 23,000 gross square feet of additional space and approximately 450 additional cabinet equivalents. Interconnection services available in the new IBX include the Equinix Internet Exchange™ for public and private peering, and the Equinix Carrier Ethernet Exchange, which enables Ethernet buyers and sellers to discover, transact and interconnect to each other.
“Equinix has long catered to the high concentration of telecommunications and IT services companies in and around Dallas-Fort Worth,” said Charles Meyers, president of North America for Equinix. “With strong demand for our peering and interconnection services in this market we continue to invest in the Dallas-Fort Worth metro to support our customers’ and partners’ growth and performance requirements.”
Equinix, Inc. (NASDAQ: EQIX) connects businesses with partners and customers around the world through a global platform of high performance data centers, containing dynamic ecosystems and the broadest choice of networks. More than 3,275 enterprises, cloud, digital content and financial companies connect to more than 625 network service providers and rely on Platform Equinix to grow their business, improve application performance and protect their vital digital assets. Equinix operates in 35 strategic markets across North America, Europe and Asia-Pacific and continually invests in expanding its platform to power customer growth. http://www.equinix.com
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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