Strong Market Demand Fuels Phase 3 Expansion of Equinix’s SG2 International Business Exchange Data Center
July 28 2010 - 4:00PM
Business Wire
Equinix, Inc. (Nasdaq:EQIX), a provider of global data center
services, today announced that it will expand its second
International Business Exchange™ (IBX®) data center in Singapore,
SG2, as a result of an increasing demand for premium colocation and
interconnection services in Singapore and South Asia. This third
expansion phase within the SG2 IBX data center will add 850 new
cabinet equivalents when completed in mid-2011.
This announcement follows the SG2 IBX data center Phase 2
expansion of 1,000 cabinet equivalents, which is expected to be
completed in September this year. Phase 1 was launched in July 2009
with 700 cabinet equivalents.
Singapore’s robust info-communications infrastructure and
pro-business environment have made it the hub for multinational
companies looking to establish a presence in the region. Companies
including cloud and IT services providers, content providers,
networks and financial services firms are seeking to deploy
critical infrastructure with a well-connected, carrier-neutral data
center operator with a global presence. In Singapore, Equinix has
already engaged with more than 70 networks and telecommunication
service providers, making it the most network-dense data center in
the country. Equinix’s Singapore IBX data center campus has become
one of the largest cloud and IT services hubs for the Asia-Pacific
region. In addition, Singapore expects to launch two new submarine
cable systems in 2012, located adjacent to the Equinix IBX data
centers, adding between 23 and 31 Tbps of potential capacity.
“We continue to expand the facilities based on anticipated
market demand,” said Clement Goh, managing director, Equinix
Singapore. “Phase 1 of the SG2 IBX data center is currently at 75
percent capacity and there is a stronger than expected fill rate
for Phase 2. The Phase 3 expansion reassures our customers that
Equinix data center services provide the architectural flexibility
and performance optimization needed to grow their business in the
region.”
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 more than
595 network service providers rely upon Equinix’s insight and
expertise to protect and connect their most valued information
assets. Equinix operates 89 data centers across 35 metro areas in
North America, Europe and Asia-Pacific.
Important information about Equinix is routinely posted on the
investor relations page of its Web site located at http://www.equinix.com/investors. We
encourage you to check Equinix’s website regularly for the most
up-to-date information.
Forward Looking Statements
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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