EQUINIX NAMES WORLDCOM UNIT PRESIDENT VAN CAMP TO CEO POST
Internet Veteran Joins Leading Provider of Internet Business Exchange Centers
Redwood City, Calif. May 12, 2000 Equinix, Inc., creator and operator of neutral Internet Business Exchange (IBX) centers, today announced that Peter Van Camp has been named chief executive officer (CEO) of the company. Al Avery, president and CEO since he founded the company in 1998, will remain on the senior management team as president and chief operating officer.
Van Camp, 44, comes to Equinix with more than 20 years of experience in the technology and Internet industries. He most recently served as president of the Americas region for UUNET, a WorldCom company, prior to which he served as president of Internet markets for UUNET. Van Camp has also served as president of MCI Worldcom Advanced Networks. Before joining MCI Worldcom, Van Camp was president of CompuServe Network Services. During his 16-year career with CompuServe, he also served in a variety of management positions, including vice president of sales and support, where he led CompuServes entry into the European market.
Peter shares the vision that Jay Adelson and I have had since we founded Equinix two years ago to develop and operate open marketplaces that serve as the home of a faster, more reliable Internet, said Al Avery, president and CEO of Equinix. I look forward to working with Peter as we build upon Equinixs successes.
Peter has a distinguished track record of accomplishments at leading Internet companies, said Andy Rachleff, general partner of Benchmark Capital and a member of the Equinix board of directors. During Peters tenure, UUNET revenue grew from $2.2 billion to $3.6 billion. While serving as president of CompuServe Network Services, he guided the company through a successful international expansion and increased revenue from $200 million to $800 million over three years. He was the unanimous choice to head the market leader in the neutral Internet Business Exchange space.
Equinix IBX 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 carriers, ISPs, and site and performance management companies. Content providers and e-commerce companies can deliver content faster over multiple networks, eliminating local loop charges, increasing transaction-based revenues and increasing 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.
Equinixs IBX centers provide improved levels of operational efficiency and reliability. Equinix customers locate their equipment in these IBX centers because they have access to a 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, Equinixs trained Internet/telco-savvy staff is available on-site 24-hours a day, seven days a week to optimize operational uptime.
Equinix designs, builds and operates neutral IBX centers (Internet Business Exchange centers) which provide e-commerce companies, content providers and ASPs with the power to choose from a wide variety of Internet partners. These centers facilitate the growth of the Internet and serve as the core of IP network interconnection for the 21st century. Equinix IBX centers are designed from the ground up to offer content providers, ASPs, and e-commerce companies with service delivery, availability of bandwidth from multiple networks, scalable interconnection, complete 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, MCI Worldcom, NorthPoint Communications, StorageNetworks and Teleglobe. For more information, please visit the companys 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-4, 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 Equinixs future growth opportunities.