Expansion of Platform Equinix in London will Support Growth of Financial and Cloud Services Provider Customers
London – July 11, 2011 – Equinix, Inc. (NASDAQ:EQIX, news, filings), a provider of data center services, today announced the opening of the second phase of its latest London (LD5) International Business Exchange™ (IBX®) data center. This expansion of Platform Equinix™ adds another 4,000 square meters of customer space and capacity for 1,400 cabinet equivalents in the London metropolitan area.
Russell Poole, managing director, Equinix UK, said, “London is one of the largest and fastest growing data center markets in the world and the opening of LD5’s second phase underlines our commitment to support our customers’ growth. We have been focusing our efforts on providing a global platform to meet the demand for colocation and network exchange services from the whole market. At the moment, this growth in demand is particularly strong from financial services firms and cloud service providers.”
The LD5 facility was first opened in April 2010 and is built on the same campus as Equinix’s existing LD4 IBX data center. The two facilities are connected by more than 1,000 diverse dark fiber links, enabling customers from across the campus to easily grow their operations and directly exchange business information.
The LD4/LD5 campus gives customers access to more than 40 carriers providing network services and low latency diverse fiber routes into Central London. This location is also attractive because of its connectivity to direct transatlantic cables that offer London clients the lowest possible latency to North America, saving precious milliseconds in data exchange.
The campus is home to Equinix’s Financial Services offering, an active community of execution venues and other financial market participants, such as Chi-X, State Street Bank and Fixnetix, who locate in close proximity to each other to directly exchange data, speed up execution times and increase trading volumes. This new phase reflects Equinix’s ongoing commitment to meeting the growing demands of the trading community, as the adoption of high frequency trading strategies across multiple-asset classes in Europe continues to increase. Through high performance standards, consistency of service and the ability to attract key participants, Equinix continues to cement its position as the destination of choice for the financial services sector.
The LD5 IBX data center has been created to provide customers with highly resilient yet energy efficient data center services, including a number of design features to maximize efficiency and reduce the overall power consumption of the facility.
Tom Murphy, senior manager of data center’s infrastructure for T-Systems, Deutsche Telekom’s outsourcing division, said, “The launch of the second phase of LD5 has enabled us to strengthen our relationship with Equinix and allows us to expand our footprint with them within the LD4/LD5 campus. We have worked with Equinix for a number of years now, with installations in several of Equinix’s IBX data centers throughout Europe. The global reach and consistently high level of service fits well with our corporate strategy.”
The Equinix LD5 IBX data center is being built out in phases, timed to meet market demand. On completion of all four phases, the data center will spread over a total 27,800 square meters of gross space, and have capacity for a total of 5,600 cabinet equivalents.
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 3,350 enterprises, cloud, digital content and financial companies connect to more than 650 network service providers and rely on Platform Equinix to grow their business, improve application performance and protect their vital digital assets. Equinix operates in 37 strategic markets across the Americas, EMEA and Asia-Pacific and continually invests in expanding its platform to power customer growth. http://www.equinix.com
Equinix and IBX are registered trademarks of Equinix, Inc. International Business Exchange is a trademark of Equinix, Inc.
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.