June 22, 2010
Over 450 Financial Market Participants Leverage the Equinix Global Services Delivery Platform
FOSTER CITY, CA — June 22, 2010— Equinix, Inc. (Nasdaq: EQIX), a provider of global data center services, today revealed that its Financial Services business unit has added more than 100 customers over the last calendar year and now has more than 450 in total, with nearly 900 deployments*. This achievement highlights a year that has seen Equinix close its acquisition of Switch and Data, continue to expand its International Business Exchange™ (IBX®) data center footprint that currently spans 35 strategic metropolitan areas around the world, and greatly broaden its ecosystem of trading venues, buy and sell side firms, market data providers, technology providers and financial networks. These milestones have strengthened Equinix's leadership in the financial sector while providing its customers a neutral meeting place to conduct business.
The growing interrelationship of the global financial markets has led to seismic shifts in trading methods and technologies employed. While the shifts have created competitive opportunities, they have also placed a tremendous burden on IT infrastructure and require well-connected data centers to meet the needs of today's financial services industry. To compete in this complex, real-time transaction environment, financial firms need a secure environment, rich network choices and the ability to connect to multiple partners simultaneously. This challenge is further amplified when a firm operates multi-nationally and needs to service several regions simultaneously while minimizing latency and operational costs.
The Equinix global services delivery platform was built for these requirements and its adoption is reflective of the company's ability to help many of the world's largest financial companies architect solutions to overcome their challenges. Available in the top 15 global financial markets, Equinix provides the secure colocation, rich network density and low-latency connectivity services that financial firms need to create business ecosystems where data is exchanged directly with strategic partners and customers located within Equinix IBX data centers. Eliminating the need to connect to multiple partners over significant geographic distances dramatically improves reliability and scalability, reduces overall cost and enables participants to seamlessly expand operations into new markets.
“Our reputation for excellence across our global footprint is the primary reason for our success in the financial market,” said Equinix President and CEO Stephen M. Smith. “By continuing to invest in new strategically-located facilities, and strengthening the breadth of our services and ecosystem, Equinix is committed to servicing the present and future needs of the financial community. The tremendous growth we've seen reflects the value we provide and the role our IBX data centers play in the global economy.”
*These metrics do not include the integration of the financial services customers from the Switch and Data acquisition.
About Equinix in the Global Financial Markets
Equinix provides a neutral meeting place for the world's leading financial market participants including trading venues, buy and sell side firms, market data providers, technology providers and financial networks; that locate servers and infrastructure within Equinix data centers in order to support highly reliable, low latency connectivity for a broad range of market participants. Learn more at: http://financial.equinix.com.
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 more than 575 network service providers rely upon Equinix's insight and expertise to protect and connect their most valued information assets. Equinix operates 87 International Business Exchange™ (IBX®) and partner data centers across 35 metro areas in North America, Europe and Asia-Pacific.
Important information about Equinix is routinely posted on the investor relations page of its Web site located at http://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.