Equinix Expands Global Platform
April 27 2011 - 4:05PM
Business Wire
Equinix, Inc. (Nasdaq: EQIX), a provider of global data center
services, today announced plans to open its eighth International
Business Exchange™ (IBX®) data center in the New York metropolitan
area and plans to expand Equinix IBX data centers in Chicago, Ill.,
and Frankfurt, Germany. The company’s decision to expand Platform
Equinix is driven by strong demand for data center services and
interconnection in these markets.
Equinix is investing approximately $140 million in its newest
New York metro area IBX data center. The new facility is scheduled
to open in the second quarter of 2012 and will primarily support
the growth of Equinix’s extensive financial ecosystem. The first
phase will add approximately 156,000 gross square feet of space and
2,200 cabinet equivalents to Platform Equinix in the New York area,
with room for additional expansions that would bring the total
capacity to approximately 380,000 gross square feet of space and
7,100 cabinet equivalents.
The company is also investing approximately $30 million to
expand its Chicago-3 IBX (CH3) and approximately $70 million to
further expand its Frankfurt-2 IBX (FR2). The CH3 expansion will
add approximately 19,000 square feet of colocation space and 600
cabinet equivalents, and is scheduled to open in the fourth quarter
of 2011. The FR2 expansion, which is the third phase of expansions
in this data center, will add approximately 102,000 gross square
feet of space and 1,900 cabinet equivalents when completed in 2012.
The initial build-out of this expansion, which will add
approximately 480 cabinets, is scheduled for completion in the
fourth quarter of 2011.
“These three business, financial and communications centers are
critical markets for many of our customers, particularly financial
and media companies, enterprises and network providers who rely on
Platform Equinix to connect to partner and customer ecosystems and
improve application performance,” said Steve Smith, Equinix’s
president and chief executive officer. “We continue to experience
strong demand for colocation and interconnection services in these
markets. The planned expansions are in response to this demand and
will enable our customers to grow their businesses in these markets
and globally.”
About Equinix
Equinix, Inc. (Nasdaq: EQIX) connects businesses with partners
and customers around the world through a global platform of high
performance data centers, containing dynamic ecosystems
and the broadest choice of networks. More
than 3,350 enterprises, cloud, digital content and
financial companies connect to more than 650 network
service providers and rely on Platform Equinix to grow their
business, improve application performance and protect their vital
digital assets. Equinix operates in 37 strategic markets across the
Americas, EMEA and Asia-Pacific and continually invests in
expanding its platform to power customer growth.
http://www.equinix.com
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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