REDWOOD CITY, Calif., Aug. 22 /PRNewswire/ -- Equinix, Inc. (Nasdaq: EQIX), creator and operator of neutral IBX(TM) (Internet Business Exchange(TM)) centers, today announced that it has expanded its flagship Silicon Valley IBX(TM) center by more than 150 percent, bringing the facility to 133,000 square-feet. The company also announced that it is moving its corporate headquarters from Redwood City, California to Mountain View, California.
The IBX(TM) expansion project was accelerated by several months due to customer demand for Equinix's uniquely neutral marketplace for Internet commerce. Customers have already reserved 70 percent of the Silicon Valley center, which opened its first phase in April.
"The Equinix model of creating a neutral environment for Internet companies to interconnect with each other has struck a chord with leading technology companies such as Cable & Wireless, InterNAP and Loudcloud," said Peter Van Camp, CEO of Equinix. "These companies see the value in gaining access to a diverse choice of business partners all under the same roof."
At the same time as the expansion of the Silicon Valley IBX(TM) center, Equinix announced that it is moving the company's corporate headquarters from Redwood City, California to Mountain View, California. The move will allow the company to continue to expand with more than 350 percent additional office space. The company has grown from 90 employees to 260 since January of this year.
Equinix IBX(TM) centers provide a secure home for the Internet where content providers, ASPs and e-commerce companies have the ability to interconnect with a choice of best-in-class carriers, ISPs, and site and performance management companies. Content providers and e-commerce companies can deliver content faster, access multiple networks, eliminate local loop charges, increase transaction-based revenues and increase customer satisfaction via a higher quality customer web experience. Carriers, ISPs, and site and performance management companies can service a larger customer base, save on training and staffing operations, and increase revenue.
Equinix's IBX(TM) centers provide improved levels of operational efficiency and reliability. Equinix customers locate their mission-critical hardware in these centers because they have access to a unique combination of global partners and customers, services and security designed to reduce Internet operations costs and increase revenues. Security features include 24x7 guards, biometric hand-geometry scanners on all doors and cages, disaster protection and tightly controlled customer access. In addition, Equinix's trained Internet/telco-savvy staff is available on-site 24-hours a day, seven days a week to optimize customer uptime.
Equinix designs, builds and operates neutral IBX(TM) centers (Internet Business Exchange(TM) centers) which provide e-commerce companies, content providers and ASPs with the power to choose from a wide variety of Internet partners. Equinix IBX(TM) centers are designed from the ground up to provide content providers, ASPs and e-commerce companies with service delivery, availability of bandwidth from multiple networks, scalable interconnection, neutrality and multi-level physical security. ISPs, carriers and site performance management companies have access to the services and customers they require to build and expand their businesses. Equinix customers include Cable & Wireless, Concentric, InterNAP, Loudcloud, NorthPoint Communications, StorageNetworks, Teleglobe, and WorldCom. For more information, please visit the company's Web site at www.equinix.com.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This release may contain forward-looking statements that involve risks and uncertainties relating to Equinix. These statements may differ materially from actual future events or results. Readers are referred to the documents filed by Equinix with the SEC, specifically the recent filing on Form S-1, which identifies important risk factors that could cause actual results to differ from those contained in the forward-looking statements, including among other things, risks relating to Equinix's future growth opportunities. SOURCE Equinix, Inc.
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