Equinix Opens Fourth N.Y. Area Data Center with Leading Global Investment Bank as Anchor

November 7, 2007; 07:36 AM
Secaucus, NJ -- Equinix, Inc. (Nasdaq: EQIX), the leading provider of network-neutral data centers and Internet exchange services, today announced the grand opening of its fourth Internet Business Exchange™ (IBX®) center in the New York area (NY4).  The announcement comes as the demand for premium data center colocation and network exchange services in the New York region continues to accelerate.

The first phase of the $95 million NY4 center, located in Secaucus, NJ, is 50 percent reserved by customers, primarily from within the rapidly growing financial services industry in the region. NY4 opens with a leading global investment bank as anchor customer and ICAP, a premier global interdealer broker, is among the financial services companies in the center as well. Based on the center’s success to date, Equinix has begun the design and planning stage of a potential Phase II expansion of NY4.

Located near Equinix’s existing NY2 center, the new center is Equinix’s largest in the U.S. to date at 340,000 square feet – the size of five football fields.  At full build out, the center will feature a total capacity of approximately 4,700 cabinets with an annual revenue capacity of between $95 million and $110 million. It is directly linked to the three other New York area IBX centers through redundant dark fiber links managed by Equinix. 

“Today’s grand opening of our NY4 center provides further proof of Equinix’s ability to execute on large-scale builds and fill them quickly with strong customer demand, especially from the financial services market,” said Steve Smith, president and CEO of Equinix.  “We look forward to continuing this brisk pace of growth as the global market demand for premium data center and colocation services continues to outpace supply.”

About Equinix

Equinix is the leading global provider of network-neutral data center and interconnection services, offering premium colocation, traffic exchange and outsourced IT infrastructure solutions.  Global enterprises, content companies, systems integrators and network service providers look to Equinix Internet Business Exchange (IBX®) centers for world-class reliability and network diversity.  Equinix IBX centers serve as critical, core hubs for IP networks and Internet operations worldwide.  With 37 IBX centers located in 17 strategic markets across North America, Europe and Asia-Pacific, Equinix enables customers to reliably operate their mission-critical infrastructure on a global basis.