April 7, 2009
AboveNet Joins Equinix Financial eXchange and Enhances Connectivity Options Between Equinixâs London Data Centres
New Service to Provide Direct Access Between Equinix Financial eXchange Community in Slough and Financial Firms in the City
LONDON, UK — April 7, 2009 — AboveNet, a leading provider of fibre optic and IP connectivity solutions for business and carriers, and Equinix, Inc. (Nasdaq: EQIX), a provider of global data centre services, today announced that AboveNet has joined the Equinix Financial eXchange community in Equinix's London-Slough (LD4) International Business Exchange (IBX®) data centre. AboveNet will provide direct fibre links between Equinix's LD4 and its London City (LD1) IBX centre, facilitating low latency access between the financial market participants operating in each of the centres, as well as other strategic partners and customers located in LD1. The installation builds upon existing AboveNet deployments servicing the Equinix Financial eXchange communities located within Equinix centres in the Chicago, New York and Frankfurt areas.
With speeds of 0.34ms, the new AboveNet service will enable investment firms based at Equinix's LD4 centre to benefit from near-instantaneous access to city-based trading partners, trading venues and data services. It will also provide participants located in the city with low-latency access to Equinix Financial eXchange customers and partners in LD4. The service will include AboveNet's dedicated fibre and managed wavelength offerings, which provide a level of visibility to allow firms to make near immediate adjustments to their electronic trading parameters in response to volatility in the market - thus ensuring they stay ahead of the trading curve.
"In order to minimise network latency resulting in missed trades and loss of profits, AboveNet has partnered with Equinix to provide high capacity, low latency connectivity for today's finance firms," commented Brett Johnson, AboveNet's vice president of business development. "By joining the Equinix Financial eXchange community in London, AboveNet is providing a complete network to enable finance companies to interconnect with trading venues, market data vendors and technology utilities. This network equips them with the responsiveness and agility needed to stay ahead in this highly competitive market," concluded Johnson.
Equinix Financial eXchange is a community of financial market participants that locate operations within Equinix data centres in order to benefit from a high-performance, low latency connectivity infrastructure within a neutral environment. At Equinix, these companies can directly exchange data within the same physical location with strategic partners, customers and vendors, thereby optimising their electronic trading operations. They also have access to a broad range of data centre services and high-performance network connectivity providers, such as AboveNet.
"We're delighted that AboveNet is joining Equinix Financial eXchange," added Eric Schwartz, president of Equinix Europe. "The addition of AboveNet's low latency services will help provide our growing network of financial community members the fastest possible connectivity to trading venues and a critical mass of other financial market participants."
About AboveNet, Inc.
AboveNet, Inc. provides fibre optic connectivity solutions for business and carriers. Its private optical network delivers key network and IP services in and between 15 top U.S. metro markets and London. AboveNet's network is widely used in demanding markets such as financial services, media, health care and retail.
UK Headquarters: Centurion House, 24 Monument Street, London, EC3R 8AJ
For more information, please visit: www.above.net
Equinix, Inc. (Nasdaq: EQIX) provides global data centre 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 42 International Business Exchange™ (IBX®) data centres 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. 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.