1. August 2006
Equinix Opens Fourth Data Center in the Silicon Valley
Foster City, CA — August 1, 2006 — Equinix, Inc. (Nasdaq: EQIX), the leading provider of network-neutral data centers and Internet exchange services, today announced the opening of its fourth Internet Business Exchange™ (IBX®) center in the Silicon Valley. The center will provide Equinix with additional data center space to respond to strong customer demand in one of the fastest growing markets for data center colocation and Internet exchange services. The new 120,000 square foot center is located in Sunnyvale and will add approximately 1,800 cabinets and increase Equinix's Silicon Valley footprint to more than 500,000 square feet. The center was originally built-out in 2001 at an estimated cost of $80 million and was acquired by Equinix through a long-term lease announced 14 months ago. Equinix is investing $15.0 million in upgrades to bring the new center up to Equinix industry-leading standards.
The center is interconnected to Equinix's three other Silicon Valley centers through redundant dark fiber links managed by Equinix, enabling new customers in each center to have direct access to the more than 50 networks already operating in Equinix's Silicon Valley centers, as if they were in the same location. It also features a physical infrastructure that is consistent with Equinix's industry-leading standards for high-performance, security, environmental control and power availability.
With more than 200 network service providers, nine of the top ten Web properties (according to Nielsen NetRatings) and hundreds of other companies operating within its IBX centers, Equinix's neutral, network-rich IBX centers are widely recognized as the leading hubs for the exchange of core Internet traffic.
“The Silicon Valley continues to be a critical and a fast-growing junction point for enterprises, content providers and network service providers seeking to interconnect their networks and exchange data traffic with each other,” said Peter Van Camp, CEO of Equinix. “This new center provides a smooth growth path for our current customers in Silicon Valley and with this new addition to its IBX centers, Equinix continues to solidify its market leading position in the region.”
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.