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Equinix Plans For Two New Data Centers

Submitted by on 16 April, 2022 – 4:32 pm
Equinix, Inc. (Nasdaq: EQIX), a global provider of data center, today announced plans to build a new 152,000 square foot International Business Exchange (IBX ®) data center in the Washington DC and new 170,000 square feet IBX data center in Silicon Valley. The two new projects further increase data center footprint of the company in both regions by 33 percent, and are part of 1.4 billion U.S. dollars Equinix 2007-2010 expansion program for 15 of the 18 markets where it operates currently. The expansions are scheduled to open in Equinix expects to reach capacity in the Washington, DC and Silicon Valley markets, where the company has operated for nearly 10 years, and continue to serve as strategic areas for interconnecting the global network .

The new Washington DC-6 (DC6) IBX center cabinets have the capacity to 1750 when it opens in summer 2010. It will be located within the Equinix Ashburn, VA campus where Equinix data center currently operates five data centers in the market, Washington DC. Capital expenditures for the project are expected to be approximately $ 100 million, with approximately $ 30 million spent in 2009.

The new Silicon Valley-5 (SV5) IBX Center will be built on land owned by Equinix that is adjacent to the flagship company of Silicon Valley-1 (SV1) IBX center in San Jose, CA. You will have a total capacity for 2,600 net sellable cabinets in full build. Equinix intends to build the center in two phases with total capital expenditure expected to be approximately $ 145 million, with approximately $ 100 million for the initial phase and an estimated $ 30 million was spent in 2009. The first phase will have a capacity of approximately 1,000 cabinet when opened late in the third quarter of 2010 and the second phase, to be built over time as demand warrants, include the addition of approximately 1,600 cabinets.

“While the past year has seen the U.S. and the global economy experienced an unprecedented recession, demand for data center space and quality services continues to grow, especially in the Washington, DC and Silicon Valley markets are two of the densest networks in the country regions, “said Dan Golding, vice president and research director at Tier 1 Research. “This demand is driven by short-term evolution of a power imbalance between the demand for space in the data center and the long-term trend of the growing need for security and networking Stand data networks information our economy. ”

The DC6 IBX will provide additional supply to the Washington, DC, where Equinix has experienced strong market demand for expansions of existing telecommunications customers and government customers and government contractors. Equinix Washington, DC area campus is located in the Dulles Corridor is also home to many technology companies in the region. Equinix existing five data centers in the market for Washington, DC currently feature over 470,000 square feet of data center space and access to more than 131 networks, making the campus of the richest points of IP networking U.S.

The SV5 IBX offers a much-needed capacity to the limited market of Silicon Valley, where companies in the Internet content and media, software as a service (SaaS) and e-commerce sectors have driven a strong demand for data centers and interconnection services. The new center will also enable Equinix to meet the long-term expansion needs of existing clients of Silicon Valley. Over 74 networks operating through approximately 500,000 square feet of existing data center Equinix in four centers in Silicon Valley.

Both centers offer a new physical infrastructures consistent with Equinix’s industry leading standards of security, environmental control and power availability.

“Equinix IBX centers have served as important drivers of business in the Washington, DC and Silicon Valley markets for almost 10 years, and these regions are still our two strategic global markets,” said Steve Smith, president and CEO Equinix. “The investments we made years ago to purchase land adjacent to our existing centers in these markets has given us significant flexibility in our expansion strategy. As expected reach within our existing capacity of Washington, DC and Silicon centers Valley sometime in 2010, these newly announced projects will allow us to accommodate customer growth and increasing to further expand our leadership position in the marketplace. ”

Currently, Equinix houses more than 300 network providers around the world in 45 IBX data centers in 18 markets and 10 countries.

As a result of these developments in the Washington, DC and Silicon Valley areas, capital expenditures for 2009 are expected to be approximately $ 435.0 million, comprising approximately 60.0 million dollars in capital expenditure course and $ 375.0 million of expansion capital expenditures. The remaining financial advice provided by Equinix July 22, 2009 remains unchanged.

About Equinix
Equinix, Inc. (Nasdaq: EQIX) provides global data center to ensure the vitality of the information-driven world. Global enterprises, content companies and financial and network services providers rely on Equinix knowledge and experience to protect and connect their most valuable information assets. Equinix operates 45 International Business Exchange ™ (IBX ®) data centers across 18 markets in North America, Europe and Asia Pacific.

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