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Equinix To Acquire New Data Center

Mon, 18th June 2007, 17:38

Equinix, Inc., an Internet exchange services and data center provider, yesterday announced the planned acquisition of a new data center property in the Los Angeles area and the expansion of an existing center in the Silicon Valley.

According to the company, the property will be acquired for $49 million and Equinix is scheduled to close on the purchase of the property by the end of June. The center is expected to be open for customers in the fourth quarter of 2008 and will accommodate approx. 1,700 cabinets in its initial phase. The site features a total capacity of approx. 3,000 cabinets, and it will be directly linked to the three other Los Angeles area IBX centers through redundant dark fiber links managed by Equinix.

"Video and multimedia applications continue to be a catalyst for accelerated demand from our content and digital media customers in our West Coast markets," said Steve Smith, CEO of Equinix. "Today's expansions in the Los Angeles and Silicon Valley markets represent Equinix's commitment to maintaining our leadership position in the growing data center and network exchange services market."