Equinix Expands Operations to the Netherlands with Acquisition of Network-Neutral Data Center Provider Virtu
Customer Demand Fuels Expansion of European Operations
Foster City, CA — February 6, 2008 — Equinix, Inc. (Nasdaq: EQIX), the leading provider of network-neutral data centers and Internet exchange services, today announced that it has expanded the company’s global data center operations with the acquisition of Virtu Secure Webservices B.V., a provider of network-neutral data center services in the Netherlands. The agreement will immediately provide Equinix with data center operations in the cities of Enschede and
The acquisition comes as Equinix continues its expansion program in ten markets in the
Founded in 1999, Virtu is a provider of network-neutral data center services in the
The
“With our successful expansion into Europe last year, Equinix broadened its ability to provide customers with a comprehensive global data center and interconnection services platform across North America,
“As an increasing number of multinational corporations are selecting the
“We know Equinix well as a fellow IX service provider and professional neutral colocation provider in the
Equinix intends to invest a total of $48 million for the acquisition of Virtu, the anticipated capital expenditures associated with the build-out of the
About Equinix
Equinix is the leading global provider of network-neutral data center and interconnection services, offering premium colocation, traffic exchange and outsourced IT infrastructure solutions. Global enterprises, content companies, systems integrators and network service providers look to Equinix Internet Business Exchange (IBX®) centers for world-class reliability and network diversity. Equinix IBX centers serve as critical, core hubs for IP networks and Internet operations worldwide. With 39 IBX centers located in 18 strategic markets across North America,
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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 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; the results of any litigation relating to past stock option grants and practices; 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.
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