October 25, 2007
Equinix short-listed for two British Computing Society (BCS) Awards
Equinix Inc. (Nasdaq:EQIX), the leading provider of network-neutral datacentres and Internet exchange services, has been recognized by the British Computing Society (BCS) for its success in building a financial community exchange for customers in Europe.
The BCS Awards recognise achievement and innovation in Information Technology in the United Kingdom and Europe, and Equinix has been short-listed as a finalist in the “supplier organisation of the year” and the “financial sector organisation of the year” categories. It joins the likes of Barclaycard Business, Citigroup, RBS Group and System Associates, competing for a place on the winning podium.
Equinix has been selected based on its IXFX financial exchange community solution, in particular for its work in Germany with Deutsche Boerse Systems (DBS). Together they have launched the first proximity services for an exchange in Europe - creating an eco-system of different exchange members within a single location close to the exchange. These exchange members depend on execution speed, and milliseconds can make the difference between success and failure.
Over 40 companies have relocated their systems close to the exchange's technical infrastructure in the Frankfurt-based Equinix datacentre and traders benefit from immediate benefits of reduced latency and costs - helping to shave milliseconds from the time to process orders through the exchange.
"By moving our core Eurex trading system from Chicago to Equinix in Germany and using their proximity service, we are seeing a net reduction in latency from around 130 milliseconds to less than 20 milliseconds,” says Ricardo Naon, chief information officer, Nico Trading. “Our automated trading systems benefit from, among other things, low message latency so this upgrade is making the difference between a successful and an unsuccessful trade, especially in high-volume commodities markets."
The BCS Award winners will be announced on the 6 December at the award ceremony in London.
Equinix is the leading global provider of network-neutral data center and interconnection services, offering premium colocation, traffic exchange and outsourced IT infrastructure solutions. Global enterprises, content companies, systems integrators and network service providers look to Equinix datacenters for world-class reliability and network diversity. Equinix datacenters serve as critical, core hubs for IP networks and Internet operations worldwide. With 35 datacentres located in 17 strategic markets across North America, Europe and Asia-Pacific, Equinix enables customers to reliably operate their mission-critical infrastructures on a global basis.
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.
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