October 6, 2008
Equinix Expands Operations in the Paris Market with Addition of New Data Center
Acquisition of 116,800 Sq. Ft. Facility Gives Equinix Additional Capacity for Growth in High-Demand Market
Paris, FRANCE — October 6, 2008 — Equinix, Inc. (Nasdaq: EQIX), the leading global provider of network-neutral data centers and Internet exchange services, today announced that it has signed a long-term lease for a 116,800 square foot property in Paris adjacent to one of the company's existing Internet Business Exchange™ (IBX®) data centers in the Saint-Denis region.
The new property, which will become Equinix's third data center in the Paris market, will have capacity for two phases, the first of which is expected to open in Q2 2009 with a total capital investment of approximately $30 - $35 million.
“We continue to see strong demand for our high quality data center services in the Paris market, which is a strategic interconnection point for Internet traffic in Europe,” said Eric Schwartz, president of Equinix Europe. “This new center is important for the continued growth of our customers in this market as we expect our recently expanded Paris 2 center to be almost fully occupied by the time our Paris 3 center is available for customer installations in the second quarter.”
As previously announced, Equinix will provide an update of its outlook for 2008 and 2009 on its Third Quarter 2008 results call scheduled for October 22, 2008.
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 Internet Business Exchange (IBX®) centers for world-class reliability and network diversity. Equinix IBX centers serve as critical, core hubs for IP networks and Internet operations worldwide. With 41 IBX centers located in 18 strategic markets across North America, Europe and Asia-Pacific, Equinix enables customers to reliably operate their mission-critical infrastructure 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 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; 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.