Stirling & Karbo, Inc.
Julie A. Karbo
Stirling & Karbo, Inc.
Internet Veterans Bring Proven Track Records and Expertise in Building Premier Internet Businesses
Redwood City, CAAugust 24, 1999Equinix, creator and operator of the only global, neutral Internet Business Exchange (IBX), today announced the appointments of Philip Koen as chief financial officer (CFO), and Peter Ferris as vice president of worldwide sales. Mr. Koen, the former CEO of PointCast, Inc., brings his strategic vision and proven operations and financial expertise to Equinix. Mr. Ferris, former senior vice president of sales at Frontier GlobalCenter, brings extensive experience in sales management and strategy, customer support and the development of successful global sales organizations. Mr. Koen and Mr. Ferris will both report to Al Avery, CEO.
"Phils and Peters extensive Internet experience and proven track records bring substantial complementary strengths to our executive management team," said Al Avery, CEO, Equinix. "Phils knowledge of the high-profile content provider market, and Peters knowledge of the Internet infrastructure players is critical to achieving Equinixs mission to build and operate the communications Nexus of the Internet."
At PointCast, Mr. Koen established a new strategic vision and successfully repositioned the company. As a result, PointCast executed a profitable merger and reduced operating expenses by 40 percent. Prior to being named CEO at PointCast, Mr. Koen held the positions of executive vice president, COO and CFO. During his tenure, he raised $19.0 million in equity and negotiated a $5.0 million revolving credit facility, while restructuring core operational and financial functions to meet the company goals. Mr. Koen has more than 20 years experience and has held a number of senior executive, financial and operations management positions with major enterprises in a variety of industries including Etec Systems, Inc. and Baker Hughes, Inc. At Equinix, he will be responsible for financial management, corporate development, legal, human resources and administrative support functions.
Mr. Koen serves on the board of directors at Centura Software Corporation, Zitel Corporation and Launchpad Technologies. He is also a member of the American Institute of CPAs and the Financial Executive Institute. Mr. Koen holds a Bachelor of Arts degree in Economics from Claremont McKenna College and a M.B.A. from University of Virginia.
Mr. Ferris joins Equinix from Frontier GlobalCenter, where he was senior vice president of sales. Under his leadership, sales of Frontier GlobalCenters Internet and data products and services tripled within two years. Mr. Ferris led a team of 150 sales representatives resulting in $50 million in sales revenue for the first half of 1999. He previously served as the vice-president of sales at Genuity, Inc., a national and international hosting and colocation services provider. Prior to Genuity, Mr. Ferris held senior sales management positions at MFS Internet Services and Sprint. At Equinix, he will be responsible for building the companys worldwide sales organization in support of the national and global roll-out of 35 Equinix IBX.
Mr. Ferris holds a Bachelor of Arts in Economics from Ohio Wesleyan University.
Equinix, funded by Cisco, Microsoft, and Benchmark Capital, is building the first global, neutral Internet Business Exchange (IBX). The IBX will serve as the core of a scalable Internet and IP network for the 21st century. Equinix IBX are designed from the ground up to offer ISPs, content providers, carriers, component service providers (CSPs), and application service providers (ASPs) access to the services and customers they require to build and expand their own businesses including financial-grade security, unsurpassed quality of service, and virtually limitless interconnection scalability. These IBX will ensure Equinix customers of maximum network, content and Internet commerce transaction availability today and tomorrow, while optimizing revenues and reducing operating costs. For more information, please visit the companys Web site at http://www.equinix.com/