April 21, 2010
Equinix Continues Expansion of Dutch Operations with Opening of Second IBX Data Center In Amsterdam
Foster City, CA and Amsterdam, The Netherlands, April, 21 2010 - Equinix, Inc. (Nasdaq: EQIX), a provider of global data center services, today announced the expected May 1, 2010 opening of the first phase of its new Amsterdam (AM2) International Business Exchange™ (IBX®) data center, which has been under development since November 2009. The first phase represents an expected investment of approximately $40.0 million and provides 480 cabinets equivalents. The second phase is targeted for completion during the third quarter of 2010 and is expected to provide an additional 520 cabinets equivalents. A third phase, to be timed to meet market demand, will provide an additional 500 cabinet equivalents. Equinix's investment into the purpose-built AM2 IBX data center represents the company's fourth facility in The Netherlands, including two IBX data centers located in Enschede and Zwolle, and is part of the company's $2.0 billion investment to expand operations between 2007 and 2010.
The AM2 IBX data center build is in response to the rising demand from global and local network service providers, digital content providers, financial services firms, and enterprises operating in the Dutch capital to leverage all of the benefits of Equinix data center services. At full build out, the AM2 IBX data center will have capacity for 1,500 cabinet equivalents.
“Amsterdam is a key location, not just for Dutch businesses, but for many regional and global service providers and enterprises that are eager to increase business operations in this important market,” said Michiel Eielts, general manager, Equinix Netherlands. “Since opening our AM1 IBX data center in 2008, we have seen a steady increase in demand from both local and international organizations, and we are very excited to meet their on-going requirements for premium, well-connected, data center services.”
The AM2 IBX data center is located in the Amsterdam Zuidoost business district, adjacent to Equinix's AM1 IBX data center. By building its two Amsterdam IBX data centers on the same campus, Equinix is enabling customers located at both locations to easily grow their operations and directly exchange business information. The AM2 IBX data center will build upon the range of premium data center services provided at AM1, including colocation, interconnection and peering, direct cross-connects between more than 25 networks, and access to AMS-IX, the world's largest single metro area Internet exchange. In addition, the AM2 IBX data center will also offer the new Equinix Carrier Ethernet Exchange™ service later this year. The AM2 IBX data center is ISO27001 certified and designed to provide customers with highly resilient yet energy efficient and secured data center services, monitored on a 24x7 basis.
Equinix, Inc. (Nasdaq: EQIX) provides global data center services that ensure the vitality of the information-driven world. Global enterprises, content and financial companies, and network service providers rely upon Equinix's insight and expertise to protect and connect their most valued information assets. Equinix operates 51 International Business Exchange™ (IBX®) and partner data centers across 19 markets in North America, Europe and Asia-Pacific.
Important information about Equinix is routinely posted on the investor relations page of its website located at www.equinix.com/investors. We encourage you to check Equinix's website regularly for the most up-to-date information.
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.