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Storagenetworks To Provide Storage Services In Equinix Internet Business Exchange™ (IBX™) Centers

Contacts:
Dave Fonkalsrud
Stirling & Karbo, Inc.
(650) 340-2867
DLFonk@aol.com

Julie Karbo
Stirling & Karbo
(650) 340-2869
jkarbo@skco.com

Agreement Brings “Storage on Demand” to Equinix IBX™ Participants Nationwide

San Jose, Calif. – April 11, 2000 — Equinix, Inc., creator and operator of the only neutral IBX™ (Internet Business Exchange™)centers, today announced an agreement with StorageNetworks, Inc., the leading storage services provider (SSP) for the e-Economy. Under terms of the agreement, StorageNetworks will provide managed data storage and professional services to customers in Equinix IBX™ centers nationwide.

“StorageNetworks storage services will provide real-time access to enterprise class storage infrastructure allowing Equinix IBX™ participants to focus on their core businesses,” said Al Avery, president and CEO, Equinix. “This agreement reflects Equinix’s commitment to providing our customers with best in breed partners for their business.”

“To survive and grow, organizations need sophisticated strategies to ensure primary data storage, backup and restoration, and high availability,” said Steve Duplessie, senior analyst with the Enterprise Storage Group. “The StorageNetworks/Equinix relationship will make storage as automatic, reliable and available as purchasing an everyday utility service, such as electricity, for every Equinix IBX™ participant.”

Under the terms of the agreement, StorageNetworks Global Data Storage Network, as well as the company’s best-of-breed storage expertise, will be available to Equinix IBX™ participants. IBX™ participants will have easy access to the GDSN by plugging into the StorageNetworks StoragePort Access Channel. Once plugged in, Equinix IBX™ participants have access to data storage capacity and capabilities via the StorageNetworks private high-speed fiber network connecting them to StorageNetworks Storage Point-of-Presence (StoragePOP or S-POP) data centers, located in Equinix IBX™ centers, featuring industry leading storage hardware, software and networking technologies. Equinix IBX™ participants can also easily monitor and manage their storage resources residing in any of the StoragePOP data centers via the StorageNetworks Virtual Storage Portal (VSP) web-based software application.

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 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™ centers provide improved levels of operational efficiency and reliability. Equinix customers locate their mission-critical hardware in these financial-grade fortresses 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 operational uptime.

About StorageNetworks, Inc.
StorageNetworks, Inc. is a leading Storage Service Provider (SSP) for the e-Economy and an innovator that is making managed data storage services as accessible as phone or electric utility services. StorageNetworks enables emerging Internet companies, e-commerce companies and established enterprises to store, protect and access critical information more easily, reliably and efficiently. Based in Waltham, Massachusetts, StorageNetworks operates in major business and government centers nationwide. For further information, please visit the company’s Web site at http://www.StorageNetworks.com, email info@StorageNetworks.com, or call 1-800-463-7105.

About Equinix
Equinix is the creator and operator of the only neutral IBX™ centers (Internet Business Exchange™ centers) which provide e-commerce companies, content providers and ASPs with power to choose from the widest 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 e-commerce companies and content providers with unsurpassed service delivery, unparalleled availability of bandwidth from multiple networks, highly scalable interconnection, complete neutrality and unsurpassed financial-grade 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 Akamai, Cable & Wireless, Concentric, Enron, Excite@Home, InterNAP, Level3, MCI Worldcom, NaviNet, NorthPoint Communications, StorageNetworks and Teleglobe. For more information, please visit the company’s Web site at www.equinix.com.

StorageNetworks, Global Data Storage (GDSN), Storage Point-of-Presnece, Storage POP, S-POP, Virtual Storage Portal, VSP, StoragePort and Storage Services for the e-Economy, are servicemarks of StorageNetworks, Inc. All other brand and product names contained in this release may be trademarks or registered trademarks of their respective holders.

“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 Equinix’s future growth opportunities.