Equinix Unveils Plan to Increase Size of Dallas IBX Data Center Footprint
April 21 2010 - 4:01PM
Business Wire
Equinix, Inc. (Nasdaq:EQIX), a provider of global data center
services, today announced plans to increase the size of its
presence in the Dallas metro with the addition of a new Dallas 2
(DA2) International Business Exchange™ (IBX)® data center. Residing
in the same location as the company’s DA1 IBX data center, the new
facility will initially add approximately 40,000 gross square feet
of data center space and 420 cabinet equivalents. The new
development will significantly increase Equinix’s presence in the
fourth largest metro area in the United States, a market that
includes 25 of the Fortune 500 companies and is home to companies
across many industries such as defense, telecommunications,
mobility and cloud/IT technology services.
The DA2 IBX data center will be built out in two phases. The
first phase represents an expected investment of approximately $25
million and is targeted for completion during the first quarter of
2011. The second phase, subject to demand, will add an additional
30,000 gross square feet and approximately 420 additional cabinet
equivalents when completed.
“This expansion demonstrates the strong customer demand for
Equinix services in the Dallas market,” said Peter Ferris,
president, Equinix US. “The Dallas-Fort Worth market is one of the
largest concentrations of companies headquartered in the United
States, including several data-centric industries such as
telecommunications and IT services that rely on Equinix data center
services.”
About Equinix
Equinix, Inc. (Nasdaq: EQIX) provides global data center
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 51 International Business Exchange™ (IBX®) and partner
data centers across 19 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.
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