November 7, 2007
Equinix Opens Fourth N.Y. Area Data Center with Leading Global Investment Bank as Anchor
Secaucus, NJ — November 7, 2007 — Equinix, Inc. (Nasdaq: EQIX), the leading provider of network-neutral data centers and Internet exchange services, today announced the grand opening of its fourth Internet Business Exchange™ (IBX®) center in the New York area (NY4). The announcement comes as the demand for premium data center colocation and network exchange services in the New York region continues to accelerate.
The first phase of the $95 million NY4 center, located in Secaucus, NJ, is 50 percent reserved by customers, primarily from within the rapidly growing financial services industry in the region. NY4 opens with a leading global investment bank as anchor customer and ICAP, a premier global interdealer broker, is among the financial services companies in the center as well. Based on the center's success to date, Equinix has begun the design and planning stage of a potential Phase II expansion of NY4.
Located near Equinix's existing NY2 center, the new center is Equinix's largest in the U.S. to date at 340,000 square feet - the size of five football fields. At full build out, the center will feature a total capacity of approximately 4,700 cabinets with an annual revenue capacity of between $95 million and $110 million. It is directly linked to the three other New York area IBX centers through redundant dark fiber links managed by Equinix.
“Today's grand opening of our NY4 center provides further proof of Equinix's ability to execute on large-scale builds and fill them quickly with strong customer demand, especially from the financial services market,” said Steve Smith, president and CEO of Equinix. “We look forward to continuing this brisk pace of growth as the global market demand for premium data center and colocation services continues to outpace supply.”
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 IXEurope into Equinix; a failure to receive significant revenue from customers in recently built out 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; the results of any litigation relating to past stock option grants and practices; 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. Internet Business Exchange is a trademark of Equinix, Inc.