Divests assets in non-core markets to 365 Main
REDWOOD CITY, Calif.--(BUSINESS WIRE)--Nov. 1, 2012--
Inc. (Nasdaq: EQIX),
the global interconnection and data center company, today announced it
has completed the sale of 16 International Business Exchange™
data centers located throughout the United States to an investment group
consisting of 365 Main, Crosslink Capital, Housatonic Partners and
With the close of the transaction, Equinix exits nine markets, including
Buffalo, Cleveland, Detroit, Indianapolis, Nashville, Phoenix,
Pittsburg, St. Louis and Tampa. Equinix will retain a presence in the
remaining seven markets – Chicago, Dallas, New York, Philadelphia,
Reston, Seattle and Silicon Valley – where it currently has sufficient
capacity to meet customer demand. In addition, the Equinix customers
deployed in the 16 data centers have been transferred to 365 Main, and
key employees who have experience with these sites have joined 365 Main
to facilitate a seamless transition and ongoing support for customers.
“By divesting these data centers in non-core markets, we can focus our
capital and management attention on our most productive data centers
while ensuring that customers at these sites are supported by an
experienced data center operator that will continue to invest in these
locations,” said Charles Meyers, president of the Americas for Equinix.
Equinix, Inc. (Nasdaq:EQIX), connects more than 4,000 companies directly
to their customers and partners inside the world’s most networked data
centers. Today, businesses leverage the Equinix interconnection platform
in 30 strategic markets across the Americas, EMEA and Asia-Pacific. www.equinix.com.
Forward Looking Statements
This press release contains forward-looking statements that involve
risks and uncertainties. Actual results may differ materially from
expectations discussed in such forward-looking statements. Factors that
might cause such differences include, but are not limited to, the
challenges of acquiring, operating and constructing IBX centers and
developing, deploying and delivering Equinix services; unanticipated
costs or difficulties relating to the integration of companies we have
acquired or will acquire into Equinix; a failure to receive significant
revenue from customers in recently built out or acquired data centers;
failure to complete any financing arrangements contemplated from time to
time; competition from existing and new competitors; the ability to
generate sufficient cash flow or otherwise obtain funds to repay new or
outstanding indebtedness; the loss or decline in business from our key
customers; and other risks described from time to time in Equinix’s
filings with the Securities and Exchange Commission. In particular, see
Equinix’s recent quarterly and annual reports filed with the Securities
and Exchange Commission, copies of which are available upon request from
Equinix. Equinix does not assume any obligation to update the
forward-looking information contained in this press release.
Equinix and IBX are registered trademarks of Equinix, Inc.
International Business Exchange is a trademark of Equinix, Inc.
Source: Equinix, Inc.
Equinix Media Contacts
for Equinix, Inc.
Liam Rose, +1-415-318-4380
Katrina Rymill, +1-650-598-6583