The phase I opening of the $30 million (� 21 million) FR4 center, which is located in the southwestern region of Frankfurt, comprises 1,700 cabinet equivalents and 6,000 gross square meters (65,000 gross square feet) of data center space. The data center is being built out in multiple phases and, when complete, will total 12,000 square meters (130,000 square feet), with capacity for approximately 3,300 cabinet equivalents. Elsewhere, in the north of the city, the planned $18 million expansion of the FR2 IBX will add 2,500 square meters (27,000 square feet) of data center space, with capacity for approximately 660 cabinets. The FR2 IBX expansion will be completed in phases, between April and September 2010.
These expansions form part of Equinix's wider strategy to increase data center capacity in Frankfurt, a major global trading hub where the company has seen significant growth in demand to participate in Equinix Financial eXchange. The Equinix Financial eXchange is a community of execution venues, buy and sell side firms and technology utilities that locate within Equinix data centers to optimize trading operations. Equinix now operates four data centers in Frankfurt, all of which are directly linked by redundant dark fiber, enabling all Frankfurt-based customers to interconnect as if they were in the same physical location.
“Equinix is seeing strong demand for colocation and interconnection services in Frankfurt, with significant growth coming from the city's financial services industry,” said Eric Schwartz, president of Equinix in Europe. “Equinix's Frankfurt IBX data centers are already a key destination for financial services firms wishing to improve their trading operations by directly connecting with their trading partners and utilizing low-latency links to other financial markets around the world. The new FR4 center, together with the planned expansion of FR2, will provide the capacity to grow this community even further.”
Equinix has also opened its new Dusseldorf-2 (DU2) IBX data center, adding 560 cabinets and 2,700 square meters (29,000 square feet) of gross data center space in Dusseldorf. Located southeast of the city, the new center will be tethered to Equinix's original Dusseldorf IBX data center (DU1) through dark fiber links, enabling existing DU1 customers to seamlessly grow their data center operations.
This growth in German operations is part of Equinix's $1.4 billion (�1.0billion) 2007-2010 global expansion plan.
“Demand for premier data center services continues to outpace supply across all major European metro regions,” continued Schwartz. “Equinix is focused on closing this gap between demand and supply and is committed to expanding its capacity, by both building new data centers and systematically upgrading existing ones.”
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 49 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
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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.