March 23, 2010
Equinix Extends Operations into China Through Partnership With Shanghai Data Solution (SDS)
Foster City, CA - March 23, 2010 - Equinix, Inc. (Nasdaq: EQIX), a provider of global data center services, today announced a strategic partnership agreement with Shanghai Data Solution Co., Ltd. (SDS), a leading systems integrator for network and communications services in Shanghai, P.R. China. The partnership allows Equinix customers to enjoy a similar level of availability and reliability of colocation services in China through the SDS data center, as they do within the 49 International Business Exchange™ (IBX®) data centers operated by Equinix worldwide. The partnership provides Equinix with a strategic entry-way into one of the world's most sought-after and fastest-growing markets: China.
The newest SDS data center is located in the Pudong area of Shanghai. Equinix performed multiple engineering audits and established that the center meets the company's stringent availability requirements and facility standards to deliver colocation services. To ensure a premier customer experience and service quality, Equinix will provide ongoing operations support to the SDS team. In addition, Equinix plans to open a coordination and support function office in Shanghai in Q2 2010.
Shanghai is one of the China's largest commerce and financial centers. With a population of more than 20 million people, the city is renowned for its sophisticated infrastructure and a large pool of English-speaking professionals. The city's foreign direct investment reached a record level in 2009— a total of US$10.5 billion in investments from overseas, up 4.5 percent on a year-on-year basis, according to the Shanghai Municipal Commission of Commerce.
"Shanghai, home to a vast base of multinational corporations, is identified by Equinix customers as a top location for buying premium quality colocation services in China,” said Samuel Lee, president of Equinix in Asia Pacific. “A large percentage of the SDS existing customer base consists of foreign telecom operators, financial institutions and multinational corporations. SDS's proven track record in supporting foreign customers and bilingual capabilities in both sales and operations functions make the company a natural choice as our data center partner in Shanghai."
"Our Pudong data center is one of the newest facilities in the Shanghai metro area. With our operating experience in China for more than 10 years, we are confident to provide unmatched services to Equinix customers for their colocation needs in China," said Dr. Jianfeng Zhang, general manager, Shanghai Data Solution.
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 50 International Business Exchange™ (IBX®) and partner data centers across 19 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.
About Shanghai Data Solution
Shanghai Data Solution Co., Ltd. (SDS) is a Hi-Tech Information Technology Company co-invested by Shanghai Zhangjiang Hi-Tech Park Development Corp., Shanghai Telecom Industry, DaZhong Transportation and ZiJiang (Group). All investors are public listed companies in China Stock Market. Positioning itself initially in the telecom operation business, SDS is mainly involved in data communication, network access, information value added services and software development. For more information about SDS, please visit SDS's website: www.shuxun.net.
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.