February 22, 2010
Switch and Data's GeoReachSM Program Adds Hibernia Atlantic's Global Financial Network (GFN)
TAMPA, Fla., Feb 22, 2010 -- Switch and Data (NASDAQ: SDXC), a leading provider of network-neutral data center and Internet exchange services, announces today that Hibernia Atlantic's Global Financial Network (GFN), a next generation multi-gigabit, high-speed exchange connectivity platform, has become part of Switch and Data's GeoReach Program in North Bergen, New Jersey. Hibernia's GFN provides a fiber network which is dedicated to global capital markets across all asset classes in the U.S., Canada, Europe and the Pacific Rim.
Built to meet the demanding performance and reliability requirements of the financial community, Hibernia's GFN unites hundreds of financial exchanges and global banks with a single connection. GFN offers robust, diverse connectivity to its state-of-the-art, Trans-Atlantic network, including access to key exchanges, banks and counterparties. This network provides secure and redundant fiber connectivity to multiple facilities in strategic locations so that financial customers can access multiple providers with one single point of connectivity.
"As a part of Switch and Data's GeoReach Program, we will be able to provide further connectivity throughout North America and Europe from Switch and Data's New York EcoCenter in North Bergen," states Joe Hilt, Vice President of Sales, North America for Hibernia Atlantic GFN. "Our network will provide the companies colocated there with low-latency and secure global connectivity, all with one dedicated point-to-point service. Additionally, Hibernia offers industry-leading rapid installation, notably five days from signature to service, guaranteed. Our GFN platform combines operational excellence and innovative engineering to provide speed and accuracy to the financial community."
Switch and Data's GeoReach program is a select group of providers, such as Hibernia Atlantic, who have engineered their networks to meet the needs of the high-frequency trading community. GeoReach participants have engineered optimum paths from Switch and Data's Financial EcoCentersSM to each of the regional liquidity providers to satisfy the requirements of the most latency-sensitive infrastructures. Firms can focus on their core operations and add each new alternative trading system (ATS) or exchange using a cost-effective, minimal footprint, while still maintaining ultra low-latency communication across the financial markets.
"Hibernia's GFN is a great addition to our program as it provides our customers with access to global banks and the world's leading exchanges," continues John Panzica, Vice President of Switch and Data's Financial Services Practice. "Providing secure, large-bandwidth capacity is crucial for our EcoCenter clients."
GeoReach participants are a critical element of Switch and Data's Financial EcoCenters, which provide mission-critical infrastructure to meet the security, volume and low-latency requirements of the electronic trading community. Switch and Data's Financial EcoCenters aggregate an ecosystem of the pre- and post-trade service providers, buy-side and sell-side communities into the geographic centers of the major markets of New York and Toronto.
About Hibernia Atlantic's GFN
Hibernia Atlantic's Global Financial Network (GFN) is a financial exchange connectivity division of Hibernia Atlantic, the Trans-Atlantic, high-bandwidth, connectivity provider. Built on over 24,000 kilometers of network, GFN connects the world's largest exchanges' datacenters to its direct participants through secure and diverse dedicated, high bandwidth, ultra low-latency Ethernet and optical-level service from 1-GigE, 10-GigE, LanPhy wavelengths and traditional SONET/SDH services. Utilizing the Hibernia Atlantic diverse and secure backbone, GFN offers world-leading broker dealers, hedge funds, market data providers and other financial firms over 100 Points of Presence (PoPs) into key capital market cities in the US, Canada, UK, France, Germany, Ireland and mainland Europe. For more information, please visit http://www.hiberniagfn.com/.
About Switch and Data
Switch and Data is a premier provider of network-neutral data centers that house, power and interconnect the Internet. Leading content companies, enterprises and communications service providers rely on Switch and Data to connect to customers and exchange Internet traffic. Switch and Data has built a reputation for world-class service, delivered across the broadest colocation footprint and richest network of interconnections in North America. Switch and Data operates 34 sites in the U.S. and Canada, provides one of the highest customer satisfaction scores for technical and engineering support in the industry, and is home to PAIX® — the world's first commercial Internet exchange.
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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.
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