October 30, 2007
Equinix Expands Paris IBX and Announces ISO Certification for the Center
Paris, France — October 30, 2007 — Equinix, Inc. (Nasdaq: EQIX), the leading provider of network-neutral data centers and Internet exchange services, today announced plans to double the size of its Paris2 Internet Business Exchange™ (IBX®) center, and that the center has also received ISO 9001:2000 certification. The 2,500 square meter (26,910 sq. ft.) sellable data center expansion is being driven by significant growth from financial services companies, and other businesses in the Paris market. Equinix's previously announced 1,500 square meter (16,146 sq. ft.) expansion of its Paris2 IBX is currently under construction and already 90% booked. First opened in January of this year, Equinix's Paris2 IBX center is located in the Saint-Denis area of the city.
Customers in the new expansion will be able to have direct access to the more than 15 networks and 45 enterprises and content companies already operating within Equinix's Paris2 IBX, a principal element of Equinix's value proposition. Equinix intends to begin placing new customers in the expanded space by the second quarter of 2008.
“The demand for premium data center and network exchange services in the Paris market continues to outpace supply,” said Michel Brignano, Equinix General Manager, France. “A significant driver of today's expansion is the strong traction Equinix has seen in the Paris market from financial services customers, which rely on Equinix for financial grade security and high-performance services. In addition to accommodating new customers, this expansion will provide additional space for incremental expansion by our existing customers.”
Equinix intends to invest approximately �12.0 million or approximately $17.0 million to improve the center, of which �5.0 million to �7.0 million or approximately $7.0 million to $10.0 million will be incurred in 2007.
All of Equinix's IBX centers located in Europe are now ISO 9001:2000 certified in recognition of its standardized best practice approach to data center management. Formerly IXEurope, Equinix's European operations were the first to be certified with ISO 9001:2000 in September 2000 as the business leveraged its expertise and high standards in data center operation to provide superior quality to its customers across Europe.
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.