October 5, 2009
Equinix Continues Expansion of Swiss Operations with Second Data Center Planned for Geneva
Announcement of New 4,500 Square Meter (48,400 Square Foot) Center Comes Just Weeks After the Company Detailed Plans to Build Its Fourth Center in Zurich; Part of $1.4 Billion Expansion Program Since 2007
Geneva, Switzerland and Foster City, CA - October 5, 2009 - Equinix, Inc. (Nasdaq: EQIX), a provider of global data center services, today announced plans to build a new 4,500 square meter (48,400 square foot) data center in Geneva, Switzerland. The new GV2 International Business Exchange™ (IBX®) data center is part of Equinix's continuing expansion strategy to meet growing global demand for data center services and will be the company's second data center located in Geneva. The new project more than doubles the company's data center footprint in the region and is part of Equinix's $1.4 billion 2007-2010 expansion program for 15 out of the 18 markets in which it currently operates.
The data center will be built out in phases, with the first phase, scheduled to open in December 2009, adding 380 cabinets to Equinix's capacity in the Swiss market. It will have a total capacity for 760 cabinets at full build out. Further phases will open during 2010 and will be timed to reflect market demand. The GV2 center adds to an already impressive footprint in the country and follows on from Equinix's recently announced planned expansion in Zurich, with the addition of its ZH4 data center.
The GV2 center, which will be located west of the city center, will build upon the range of services hosted at Equinix's existing Geneva data center (GV1), which is a strategic location for telecom operators and internet access providers supplying Geneva-based corporations and banking organizations. In addition to providing a centralized aggregation point for these networks to operate, the GV2 center will offer colocation services and a variety of interconnection and peering services, including direct cross-connects between more than 30 networks. The GV2 center will also directly connect to Equinix's other Zurich and Geneva sites, making Equinix's entire range of services available to all customers operating in the region.
Equinix's GV1 center is located 4.5 kilometers away from GV2, and comprises 3,600 square meters (38,600 square feet) of gross data center space, providing excellent carrier connectivity from the many network service providers located in this key market. This existing data center offers a full range of colocation, interconnection, support, and monitoring services and is certified ISO9001.2000.
“As our recent growth plans in Zurich have shown, Equinix is committed to increasing its operations in the Swiss market in order to meet growing local demand,” said Eric Schwartz, president of Equinix in Europe. “Expanding in Geneva, a key financial market,is the next logical step for the company. With the addition of GV2 to its expanding data center footprint, Equinix continues to demonstrate its leadership within this market.”
Equinix, Inc. (Nasdaq: EQIX) provides global data centre services that ensure the vitality of the information-driven world. Global enterprises, content and financial companies, and network service providers rely upon Equinix's insight and expertise to protect and connect their most valued information assets. Equinix operates 45 International Business Exchange™ (IBX®) data centers across 18 markets in North America, Europe and Asia-Pacific.
Important information about Equinix is routinely posted on the investor relations page of its website located at www.equinix.com/investors. We encourage you to check Equinix's website regularly for the most up-to-date information.
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.