29 April, 2009
Equinix Opens New Global IT Development Center in Singapore
FOSTER CITY, CA - 30 April, 2009 - Equinix, Inc. (Nasdaq: EQIX), a provider of global data center services, announced the opening of a new global IT development center in Singapore on 29 April 2009. To support Equinix's growing global business, which now spans 18 markets in North America, Europe and Asia-Pacific, the center will provide dedicated global application development support, database management and technical support services to all Equinix business units globally.
“As an industry leader dedicated to ensuring the vitality of the information-driven world, Equinix's investment in this center represents our commitment to further strengthening our global IT capabilities that support the mission-critical data center and interconnection infrastructure Equinix provides for the world's leading businesses,” said Brian Lillie, Chief Information Officer of Equinix.
Rear-Admiral (NS) Ronnie Tay, Chief Executive of the Infocomm Development Authority of Singapore welcomed Equinix's new expansion in Singapore. "Today, Singapore is recognized world-wide as a trusted hub for businesses looking to offshore their operations. The set up of Equinix's global development center will add to the vibrancy of our infocomm eco-system, increasing business opportunities and knowledge exchange between global and local enterprises. Local infocomm enterprises will now have the opportunity to partner and support Equinix's global operations via the center."
Manohar Khiatani, Deputy Managing Director, Singapore Economic Development Board, congratulated Equinix for the new center's establishment. “We are delighted that Equinix has set up its global development center in Singapore. With this, Equinix joins the growing number of companies managing their global functions here. Equinix's investment also underlines Singapore's position as a global IT hub, and is strong testimony to the quality of our IT talent and infrastructure.” said Khiatani.
“We selected Singapore for the location of this center based on its multi-lingual talent pool, its commitment to developing human capital and its leadership as an information technology hub,” said Lillie. “Singapore also has the largest customer base for Equinix in the Asia-Pacific region. We look forward to continued investment and growth in this important market.”
Equinix is hiring staff for the global IT development center locally, doubling the company's IT headcount in Asia-Pacific. This investment will be in addition to the new US$45M SG2 International Business Exchange™ (IBX®) data center phase 1 expansion in Singapore, which is expected to open in Q3 2009, and the recently completed expansion of the company's original SG1 center in Singapore. Elsewhere in the Asia-Pacific region, Equinix has recently opened a new SY2 center in Sydney, and it is building a fourth phase expansion of the existing HK1 center in Hong Kong, which is expected to open for customers in Q4 2009.
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 42 International Business Exchange™ (IBX®) data centers across 18 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. 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. Internet Business Exchange is a trademark of Equinix, Inc.