Expands Platform Equinix and establishes Seattle campus to support strong demand for interconnection and data center services
REDWOOD CITY, Calif., Oct 19, 2011 (BUSINESS WIRE) -- Equinix, Inc. (Nasdaq:EQIX), a provider of global data center services, today announced plans to construct a third International Business Exchange(TM) (IBX(R)) data center in the Seattle metropolitan area. The new data center will further extend Platform Equinix(TM) to meet strong demand for premium interconnection and data center services in Seattle and the Pacific Northwest region from network and cloud service providers, and content and digital media companies.
The new Seattle IBX will be adjacent to Equinix's existing SE2 data center and to the Westin Building, a premier telecommunication hub and carrier hotel located in downtown Seattle. The proximity and direct fiber connectivity to both locations will facilitate customer interconnections and provide access to a wide range of networks and carriers. Adding approximately 51,000 square feet of data center space and capacity for more than 1,000 cabinet equivalents, the new IBX will significantly expand Equinix's presence in the Seattle market to better meet customer demand. Equinix will invest approximately $60 million to build the new IBX data center, which is estimated to open in Q1 2013.
"As a major communications hub for the Northwest United States and a distribution point for IP traffic to Asia, the Seattle market is important for customers who rely on Platform Equinix to improve application performance and connect to key members of their digital ecosystem," said Charles Meyers, president of the Americas for Equinix. "Equinix has long catered to the many cloud, network, and digital content companies in the Seattle area and we are continuing to invest in the metro region to meet customer demand for our data center and interconnection services."
Equinix, Inc. (Nasdaq: EQIX) connects businesses with partners and customers around the world through a global platform of high performance data centers, containing dynamic ecosystems and the broadest choice of networks. Platform Equinix connects more than 4,000 enterprises, cloud, digital content and financial companies including more than 675 network service providers to help them grow their businesses, improve application performance and protect their vital digital assets. Equinix operates in 38 strategic markets across the Americas, EMEA and Asia-Pacific and continually invests in expanding its platform to power customer growth. http://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.
Jason Starr, +1-650-598-6020 (Investor Relations)
Melissa Neumann, +1-650-598-6098 (Media)