May 17, 2005
IXEurope acquires GIC mbH
IXEurope plc is pleased to announce the acquisition of German business continuity provider Gesellschaft fÜr Informationstechnologie und Consulting mbH (GIC mbH) for an undisclosed cash sum. With offices and datacenters in FrankfurtamMain and Munich, GIC mbH provides business continuity services to financial and enterprise clients in the region. Clients include Merrill Lynch and AlpInvest, a �20 billion European private equity fund.
The integration of GIC's expertise and client base under the IXEurope brand will represent a significant increase in business continuity capabilty, a service which IXEurope already provides as a whitelabel service to major outsourcers and to a small number of direct clients. Combining IXEurope's bestinclass datacenter capabilities with GIC's highly professional business continuity systems and skills provides an unrivalled breadth and depth of services and expertise in the provision of datacenterbased services specifically tailored for the enterprise and banking sector.
Guy Willner, CEO of IXEurope comments
"We are particularly pleased to have been able to acquire a company of GIC's standing. In the past 5 years we have provided a number of business continuity solutions to our major outsourcing partners across Europe and have seen this as a natural adjunct to our core datacenter services strategy. We expect the GIC team to help us create a fuller BC offering across our four operating countries which we will continue to sell predominantly through our outsourcing partners".
J�rg Rosengart, Managing Director of GIC mbH says
"Joining IXEurope is excellent news for our staff, clients and partners. With increasing level of operational regulation such as Basel II and SarbanesOxley legislation clients are looking for more integrated solutions linking desktop recovery ever closer to core datacenter infrastructure recovery. We will now be able to deliver a broader and deeper offering than ever before, providing clients with bestinclass solutions across Germany, France, Switzerland and the United Kingdom".
Harro Beusker , Managing Director of IXEurope Germany added
"We are looking forward to having J�rg and his team join us as a part of IXEurope. Their skills and resources will help us achieve our objective of being both the brand leader and the thought leader in our marketplace".
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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