Capital Research Management Group Leads $95 Million Round of Financing
Redwood City, CA. June 15, 2000 Equinix, Inc., creator and operator of neutral IBX (Internet Business Exchange)centers, today announced that it has raised more than $95 million of additional equity funding. The investors in this latest round of financing include Capital Research Management Company, American Express Financial Corporation (NYSE: AXP), Putnam Investments, Cisco Systems (NASDAQ: CSCO), Reuters (NASDAQ: RTRSY), Benchmark Capital and the French investor Artemis, bringing the total amount raised by Equinix to more than $400 million.
The $95 million funding round will be used for general operating expenses, including the construction and operation of Equinix IBX centers worldwide.
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. 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, 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, 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.