October 20, 2005
IXEurope recognised one of Europeâs high growth technology companies IXEurope makes the Deloitte Technology Fast 50 and Fast 500
IXEurope, Europe's leading datacenter services company, today announced that it is ranked on the 2005 Deloitte Technology Fast 500 EMEA, a ranking of the 500 fastest growing technology firms in Europe, Middle East and Africa.
The company has also made Deloitte's London and Southern Technology Fast 50, which is a ranking of the 50 fastest growing technology firms in this region.
Rankings are based on percentage revenue growth over five years, from 20002004. The news of the ranking follows the recent second half 2005 announcement of 47% growth year on year, the completion of a EUR 32million funding package with CIT Bank and the Group's existing shareholders EAC and Bank of America followed by the acquisition of one of Europe's largest and highest specified datacenters in Frankfurt, Germany.
IXEurope's CEO, Guy Willner, believes that this achievement is a testament to the fact that the company has been built on a sound business plan, an innovative yet considered strategy and the backing of a strong management team.
He said "Being recognised as one of the top 500 fastest growing technology companies across Europe and top 50 in our region is a magnificent achievement for the team. IXEurope continues to grow at a faster rate than all other significant competitors in the European market and we are now larger than the only remaining quoted datacenter services company in Europe."
"The team has shown tremendous commitment to providing high levels of service to our customers and we are delighted that our dedication has paid off. Securing a place on these high profile league tables clearly demonstrates how IXEurope has remained dynamic and thrived."
To celebrate the achievement, IXEurope will be attending the annual awards ceremonies where its specific ranking will be announced. The Fast 50 Award ceremony will be held on the 8th November and the EMEA Fast 500 ceremony on the 30th November.
Selection and Qualifications
The Fast 50 list is compiled from Deloitte's nominations submitted directly to the Fast 50, and public company database research. To qualify for the Fast 50, entrants must have had 2000 operating revenues of at least EUR 50,000. Deloitte researchers examined financial statements to validate operating revenues.
Entrants must also be public or private companies headquartered in a participating region of the UK and must be a "technology company," defined as a company that owns proprietary technology that contributes to a significant portion of the company's operating revenues or devotes a significant proportion of revenues to the research and development of technology.
The Technology Fast 500 list is compiled from Deloitte's EMEA Fast 50 programmes.
IXEurope provides outsourced datacenter services and hosted solutions management in four countries UK, Germany, France and Switzerland through its network of datacenters.
As a specialist in datacenter services, IXEurope offers its customers access to flexible outsourced solutions while they maintain overall control of their projects. By continually focusing on quality, IXEurope gives clients cost effective access to expertise and exceptional service levels.
IXEurope delivers its services to systems integrators and IT consultants; hosting and managed service providers; and network service providers. Working in partnership with our solution providers, IXEurope datacenters house IT and networking systems for global enterprises, financial institutions, government agencies and ecommerce and midsized companies. IXEurope's backers include Bank of America Equity Partners and European Acquisition Capital. For more information please visit the website at www.ixeurope.com
Deloitte & Touche LLP is the UK's fastest growing major professional services firm based in 21 UK locations, with over 10,000 staff nationwide and fee income of GBP 1,246 million in 2003/2004. It is a member firm of Deloitte Touche Tohmatsu, a leading professional services organisation, delivering world class audit, tax, consulting and corporate finance services, with around 120,000 people in over 140 countries. Deloitte Touche Tohmatsu is a Swiss Verein, and each of its national practices is a separate and independent legal entity. Deloitte & Touche LLP is authorised and regulated by the Financial Services Authority. For further information, visit our website at www.deloitte.co.uk.
Deloitte Technology, Media &: Telecommunications (TMT) Group
The TMT Group is composed of service professionals who have a wealth of experience serving technology, media and telecommunications companies throughout the world in areas including cable, communications providers, computers and peripherals, entertainment, media and publishing, networking, semiconductors, software, wireless, and related industries. These specialists understand the challenges that these companies face throughout all stages of their business growth cycle and are committed to helping them succeed. Deloitte is a leader in providing strategic, financial and operational assistance to its technology, media and telecommunications clients.
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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