23 June 2009
Equinix to Build the Companyâs Fourth Data Center in Zurich to Accommodate Customer Growth Requirements
Addition of New 1,200 Square Meter (12,920 Square Foot) Center Doubles Equinix's Footprint in Zurich, Representing Commitment to Continued Leadership in this Strategic Market
Zurich, Switzerland - June 23, 2009 - Equinix, Inc. (Nasdaq: EQIX), a provider of global data center services, today announced plans to build a new data center in Zurich, Switzerland, adding 1,200 square meters (12,920 square feet) of sellable data center space. The new center, part of Equinix's continuing program of measured global expansion to meet demand, will add to the company's three other International Business Exchange™ (IBX®) data centers in Zurich, doubling the company's data center footprint in one of the largest markets for Equinix's interconnection business in Europe. The announcement comes at a time when demand for colocation and data center services in the market continues to outpace supply.
The ZH4 center, located in central Zurich, will build upon the rich network density of Equinix's ZH1 and ZH2 centers in Zurich, a market with strong demand for the interconnection of leading service provider networks, including carriers, ISPs, international PTT's and other broadband networks. In addition to providing a centralized aggregation point for these networks to operate, the ZH4 center will offer a variety of interconnection and peering services including direct cross-connects between networks, as well as the Equinix Exchange central switching fabric. In total, the facility will comprise 2,983 square meters (32,108 square foot) of gross space.
Equinix's three other Zurich centers are also located in central Zurich, comprising 1,146 square meters (12,335 square feet) of sellable data center space and providing excellent carrier connectivity from the many network service providers located in this strategic telecommunications crossroad for Europe. All three existing centers, which combined total 2,461 square meters (26,490 square foot) of gross space, are connected via redundant networks for resilient dual-site solutions, and all are certified ISO9001.2000.
“With its position as a strategic hub for network service providers and the financial services and media sectors, Zurich is an ideal market for Equinix's data center colocation and interconnection services,” said Eric Schwartz, president of Equinix in Europe. “By investing in the construction of this new center in a market that has seen few recent data center builds, and at a time when demand continues to outpace supply, Equinix is signaling its strong commitment to this market and to building upon its leadership in the region.”
The ZH4 center, expected to open in Q2 2010, will accommodate approximately 500 cabinet equivalents.
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/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.