Equinix Opens Newest State-of-the-Art Data Center in Silicon Valley
New facility addresses growing need for interconnection and enables companies to advance their digital transformation
REDWOOD CITY, Calif., Sept. 14, 2017 /PRNewswire/ -- Equinix, Inc. (Nasdaq: EQIX), the global interconnection and data center company, today announced the opening of its newest International Business Exchange™ (IBX®) data center in Silicon Valley, located at its Great Oaks campus in San Jose. The $122M facility, named SV10, opens today and supports the increasing demand for interconnection capacity to accelerate business performance and drive digital transformation.
Equinix data centers in the Silicon Valley region are the business hub for more than 625 customers and represent the second-largest internet exchange point in North America. With the addition of SV10, Equinix has invested a total of nearly $400 million in the local economy with its Great Oaks campus, and has additional land in the area for future expansion, as demand arises. These facilities house rich ecosystems that allow network and content providers, cloud and IT service providers, and enterprise customers to quickly and efficiently exchange critical business data with their customers and partners through interconnection.
Interconnection is paramount for companies in the Silicon Valley campus. In fact, according to the Global Interconnection Index, a market study published recently by Equinix, the United States is the largest and most advanced region for Interconnection Bandwidth growth, with 82 percent of enterprises' bandwidth expected to be dedicated to interconnection to networks and cloud by 2020. And Silicon Valley represents one of the top four fastest-growing regions within the U.S., with a forecasted 39 percent Interconnection Bandwidth growth through 2020.
Equinix will unveil the SV10 IBX data center at a launch event today, September 14, beginning at 2 p.m. PDT. For more information and to register for the event, please click here.
Equinix now operates thirteen Silicon Valley data center sites, and the addition of SV10—located adjacent to SV1 and SV5—provides additional capacity to meet the growing need for interconnection, multicloud deployments, and connectivity to network and content services. Equinix Silicon Valley sites provide customers with the ability to choose from a broad range of network services from more than125 providers, and cloud services such as AWS, Microsoft Azure, Google Cloud Platform, Oracle Cloud and others through the Equinix Cloud Exchange™ and direct connect services. By utilizing Equinix Metro Connect™, customers in SV10 can also easily and directly connect with customers in the seven other Equinix IBX data centers in Silicon Valley via low-latency dark fiber links between the sites.
The initial phase of SV10 will add 37,000+ square feet (3,400+ square meters) of colocation space, and provides campus cross-connectivity into SV1 and SV5, making it an ideal home for customers looking to interconnect to key network and cloud service providers. It will include space for 930 cabinets, and two additional expansion phases are planned. At full build, the facility will provide capacity for 2,820 cabinets.
Equinix has a long-term goal of using 100 percent clean and renewable energy for its global platform, and continues to make advancements in the way it designs, builds and operates its data centers with high energy-efficiency standards. SV10 sets the green standard for future Equinix IBX builds. It is a LEED Silver Certified building that meets the strict water reduction standards and will feature indirect evaporative cooling (IDEC) technology which dramatically reduces water use; hot aisle containment; accessibility to and from public transportation; and rooftop solar and fuel cells for sustainable energy production.
Eric Hanselman, Chief Analyst, 451 Research "At 451 Research, we believe that connectivity is critical for the development of modern hybrid cloud and mobile environments. The Equinix Silicon Valley data centers are examples of what new levels of interconnection can be achieved. The Great Oaks campus, in particular, embodies the kind of facility where enterprises have the opportunity to interconnect with an extensive ecosystem of network and cloud providers for strategic advantage. This growing interconnection campus could enable companies to accelerate their cloud strategies and overall digital transformation."
Karl Strohmeyer, President, Americas, Equinix: "Our Great Oaks campus features one of the highest densities of network and cloud providers within our global platform of IBX data centers. The interconnection opportunities for enterprise customers at this campus are vast, enabling customers within the region to expand their digital transformation. We are thrilled to be bringing our third facility at the Great Oaks campus online in this increasingly important and growing market."
About Equinix Equinix, Inc. (Nasdaq: EQIX) connects the world's leading businesses to their customers, employees and partners inside the most interconnected data centers. In 44 markets across five continents, Equinix is where companies come together to realize new opportunities and accelerate their business, IT and cloud strategies. 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 data 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.