August 27, 2009
Equinix Opens New $95 Million L.A. Area Data Center
El Segundo, CA - August 27, 2009 - Equinix, Inc. (Nasdaq: EQIX), a provider of global data center services, today announced the opening of its fourth International Business Exchange™ (IBX®) data center in the Los Angeles area. The new center will accommodate the demand for premium data center colocation and network exchange services in the Los Angeles region from companies in the entertainment and digital media sectors.
Located near Equinix's existing LA3 center in El Segundo, CA, the new 177,000 square foot LA4 center will feature a total capacity of approximately 3,000 cabinets at full build out. The $95 million first phase of the center, which opens today, will support 800 cabinets and more than 10,000 square feet of IBXflex Space, Equinix's offering for customers seeking office space within the same data center as their equipment deployment.
For many of Equinix's entertainment and digital media customers in the Los Angeles area, a quality end-user experience is critical to their business offerings. These companies utilize the network-rich environment of Equinix's centers to implement a robust, high-performance network connectivity infrastructure that provides direct access with a wide variety of high-performance network service providers and carriers. This enhanced infrastructure ensures fast and reliable delivery of content to end-users worldwide.
The new LA4 center is directly linked to Equinix's three other Los Angeles area IBX centers, including Equinix's two downtown Los Angeles centers, through the Equinix IBXLink service. IBXLink provides redundant fiber links that enable customers to connect to each other across the four centers as if they were located in the same building, providing customers in the new LA4 center with direct access to the more than 60 carriers and network services providers operating in Equinix's existing L.A. area centers.
The new LA4 center is part of Equinix's 2009 expansion program that includes increasing the company's data center footprint in 10 out of 18 markets in which it currently operates. By the end of 2009, the Company will have invested over $1 billion in expansions since the start of 2007.
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.
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. Internet Business Exchange is a trademark of Equinix, Inc.