2 February 2009
Equinix Recognized By Forbes as One of the Fastest Growing Technology Companies in America
FOSTER CITY, CA — February 2, 2009 — Equinix, Inc. (Nasdaq: EQIX), a provider of global data center services, today announced that it was named to this year's Forbes 25 Fastest-Growing Technology Companies in America list, placing 16th overall.
In developing the list, Forbes editors judge technology companies primarily on sales growth—companies considered must have at least 10 percent annualized sales gains over the past five years. In addition, candidates must be profitable over the past 12 months and have Thomson IBES consensus earnings forecasts of at least 10 percent annualized earnings growth over the next three to five years. Finally, candidates must have at least $25 million in sales over the past four quarters.
“For the past ten years, Equinix has focused on building the high-performance data center hubs and services that provide the mission critical infrastructure for the exchange of data between a critical mass of businesses around the world, including leading enterprises, content companies, network service providers and financial services companies,” said Steve Smith, president and CEO of Equinix. “Our core fundamentals of operational excellence, a unique network-neutral business model, leading insight and development of a comprehensive global service offering have enabled Equinix to attract a diversified customer base of more than 2,000 companies that continue to expand with Equinix while expressing extremely high levels of customer satisfaction.”
Equinix's International Business Exchange™ (IBX®) data centers are the secure and reliable home to more than 2,000 enterprises, content companies, financial services companies and network service providers. Offering access to more than 300 carriers and broadband networks within its centers, Equinix provides a network-rich physical environment for today's increasingly connected world. The company also offers proximity ecosystems for communities of common interest, such as Equinix Financial eXchange, a community consisting of capital market participants that locate operations within Equinix data centers in order to implement a high-performance, low latency connectivity infrastructure within a neutral environment.
For coverage of the recently announced list, please refer to: http://www.forbes.com/2009/01/28/fast-tech-companies-tech-fasttech09_0129_newcomers.html.
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 41 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. International Business Exchange is a trademark of Equinix, Inc.