Equinix Expands in Tokyo
$9 Million Investment to Meet Strong Demand From Cloud and IT Services, Content, and Financial Market Participants
FOSTER CITY, Calif. & TOKYO, Sep 03, 2010 (BUSINESS WIRE) --
Equinix, Inc. (Nasdaq:EQIX), a provider of global data center services, today announced the expansion of its second International Business Exchange(TM) (IBX(R)) data center, TY2, in Tokyo. The growth in this market is a result of strong demand for data center services from cloud and IT service providers, content companies and financial firms doing business in Japan. The $9 million, 140 cabinet equivalents expansion is scheduled for completion in Q4 2010 and will extend total capacity in Tokyo to 1,600 cabinet equivalents.
Equinix operates two IBX data centers in Tokyo, TY1 and TY2, that are directly connected to each other by fiber. The company's carrier-neutral, global platform includes more than 50 international and domestic carriers and networks in Tokyo. In addition, the top three Internet exchanges in Japan, including Equinix Exchange, are present within the Equinix Tokyo IBX data centers.
With its operational availability and secure infrastructure, Equinix was selected by Tokyo Financial Exchanges Inc. (TFX) and Tokyo Commodity Exchange (TOCOM) as the preferred data center colocation provider. In addition to network choice, Equinix offers the ability to connect directly to strategic business partners, creating value through increased performance and reducing cost.
"We have operated in Japan for almost 10 years, and both local and multinational corporations trust us to optimize their network performance and expand global reach," said Steve Smith, president and CEO of Equinix. "The TY2 IBX expansion demonstrates Equinix's commitment to this strategic market and our ability to quickly add customer-driven capacity to our global platform."
"In Japan, corporations trust Equinix to deliver operational excellence and optimize the performance of their business," said Kei Furuta, managing director, Equinix Japan K.K. "Our Tokyo expansion validates the growing demand for Equinix by companies that need to increase their presence in this important market."
Today's announcement is part of Equinix's expansion strategy in Asia-Pacific. Equinix recently announced the expansion of its SY3 data center in Sydney, the third phase expansion of its SG2 center in Singapore, and a second IBX in Hong Kong (HK2).
Equinix, Inc. (Nasdaq:EQIX) provides global data center services that ensure the vitality of the information-driven world. Global enterprises, cloud, content and financial companies, and more than 595 network service providers rely on Equinix. The company operates 90 International Business Exchange(TM) (IBX(R)) data centers across 35 markets in North America, Europe and Asia-Pacific. Learn more at http://www.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.
SOURCE: Equinix, Inc.
Equinix Contact (Global)
Joan Powell, +1 650-513-7098
Equinix Contact (Japan)
LEWIS Public Relations
Fred Tanaka, + 81 3 5738 1670
Equinix Contact (Asia-Pacific)
Angela Ko, + 852 2970 7731
Equinix Investor Relations Contact:
Jason Starr, +1 650-513-7402