November 4, 2009
Lexent Metro Connect Completes Low Latency Dark Fiber Route Between Equinix New Jersey Data Centers and NYC Carrier Hotels
New York, NY and Foster City, CA - November 4, 2009 - Lexent Metro Connect, the leading provider of dark fiber networks in the New York Metropolitan area, and Equinix, Inc. (Nasdaq: EQIX), a provider of global data center services, today announced that Lexent has completed its ultra low latency dark fiber connection between two Equinix International Business Exchange (IBX®) data centers in Secaucus, NJ and strategic carrier hotels located in Manhattan, including 60 Hudson Street, 32 Avenue of the America, 75 Broad Street and 111 Eighth Avenue.
The new dark fiber route follows the shortest distance across the Hudson River, offering the lowest latency fiber path between Manhattan and Equinix's NY4 and NY2 centers in Secaucus. With a route latency of less than 100 microseconds, this new link will enable global banks, financial exchanges and other enterprises, located in the 100 Lexent on-net buildings or along the Lexent fiber optic backbone, to link with the Equinix Financial eXchange community of execution venues, buy and sell side firms, market data providers and technology utilities operating within the NY4 and NY2 centers. These companies operate at Equinix's high performance data centers to access the widest choice of low-latency networks and to directly exchange data with strategic partners and customers in close proximity.
“By utilizing Lexent Metro Connect, the financial community operating within our NY4 and NY2 centers in Secaucus can tap into fast, high-quality dark fiber routes to securely access New York's carrier hotels,” said John Knuff, director of business development for Equinix. “This provides them with optimized, low-latency links to New York City's financial exchanges and other key investment buildings."
In June, Reuters published a paper called “Addressing the low-latency challenge, Low-latency architecture as a competitive advantage,” in which David Lester, the chief information officer at the London Stock Exchange commented that “the firms that have been happy with a latency of 400 or 500 milliseconds will find that it is just not good enough going forward.” Lexent's short fiber path specifically addresses these concerns. The network was designed to meet the requirements of the growing proximity trading community by offering an ultra-low latency route with high reliability, as the probability of physical fiber faults are decreased due to reduced exposure to potential third-party damage. These low latency connections, measured in milliseconds, translate to tens of thousands of dollars per transaction for traders.
“Latency is arguably one of the most important factors driving financial firms' metro network decisions today,” said Ray La Chance, President and CEO of Lexent Metro Connect. “We have seen a surge in financial firms requesting private dark fiber solutions utilizing shorter optical routes, and with no mid-span equipment. In response, Lexent has built upon its core regional dark fiber footprint, removing the �fiber variable' and allowing its clients to deploy latency optimized applications unparalleled by comparable carrier solutions”.
Lexent's low latency New York/New Jersey fiber route is now available. For more information, please firstname.lastname@example.org.
About Lexent Metro Connect
Lexent Metro Connect, LLC provides enterprise customers and service providers in New York City and its surrounding boroughs with state of the art, custom built, dark fiber optic networks. As a leading provider of dark fiber networks in the New York Metropolitan area, Lexent is the only fiber provider that owns, operates, builds and maintains its own dark fiber network in-house. Lexent provides its customers with the option to leverage an existing dark fiber network as an extension of their own, or to build a new, dedicated, private fiber network in the City. Lexent also provides direct connectivity to carrier-neutral colocation facilities, enabling Freedom of Choice in pursuing wholesale buying of Network Services. Lexent's ever-growing network provides diverse connectivity between regional Carrier Hotels, Central Offices, and Enterprise Buildings. For more information on Lexent Metro Connect, please email email@example.com or call 212.981.0700.
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 45 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.
About Equinix Financial eXchange
Equinix Financial eXchange is a neutral marketplace consisting of financial markets participants including execution 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.
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.