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July 26, 2005

EQUINIX EXPANDS CHICAGO DATA CENTER FOOTPRINT WITH ACQUISITION OF ADDITIONAL SPACE


Company's Chicago Internet Data Center Has Become a Principal Hub for the Region's Growing Financial Trading Exchange Industry


Chicago, IL - July 18, 2005 - Equinix, Inc. (Nasdaq: EQIX), the leading provider of network-neutral data centers and Internet exchange services, today announced the acquisition of additional data center space in the Chicago market to accommodate strong growth from regional businesses, including leading companies in the financial trading exchange industry.


The new data center space is located in the Lakeside Technology Center, the same facility as the company's existing Chicago Internet Business Exchange(TM) (IBX(R)) center, and it will add approximately 107,000 square feet to the existing 140,000 square foot IBX. Acquired through the purchase of assets and a sub-lease from Verio, Inc., the built-out portion of the expansion adds space for 1,100 sellable cabinets. The new space will offer direct access to the more than 60 networks and 120 enterprises and content companies already operating within Equinix's Chicago IBX, a principal element of Equinix,s value proposition. Equinix intends to begin placing new customers in the expanded space at the Chicago IBX in the first half of 2006.


Chicago is one of Equinix's fastest growing markets, with 45 percent growth in revenues in fiscal year 2004. Driving much of this growth has been Equinix,s specialized data center and interconnection service for the financial trading industry, which has made Equinix's Chicago center an important hub in the IT infrastructure of electronic trading operations. The service, Equinix Financial eXchange, provides a convenient platform for banks, financial trading companies and financial exchanges to interconnect with each other and with multiple network service providers in order to execute financial transactions as they migrate from floor trading operations to electronic trading platforms. Some of the customers on the service include DBS, Inc. (Deutsche Boerse), First Traders, LIFFE, Merrill Lynch, Nuveen Investments, and Rosenthal Collins Group.


Combined with the recently announced acquisition of a new data center in the Silicon Valley, this expansion will increase Equinix's global data center footprint to more than 1.6 million square feet, solidifying Equinix's position as the leading provider of network-rich hubs for the exchange of core network traffic.


"A significant driver of today's expansion is the strong traction with Chicago,s financial trading exchange community, which has come to rely on Equinix to support the growing IT infrastructure and interconnection requirements of electronic exchanges," said Peter Van Camp, CEO of Equinix. "This expansion in Chicago, combined with our recent expansion in Silicon Valley, is an important contributor to solidifying our market leadership position with the potential to create a company that can generate annual revenues in excess of $500 million."


The new space will feature a physical infrastructure that is consistent with Equinix's industry-leading standards for security, environmental control and power availability, and it will be constructed to be accessible from the company,s current Chicago IBX center. Equinix intends to invest approximately $16.0 million to ,Equinize0/00 the center to bring it up to Equinix,s standards, of which $4.0 to $7.0 million will be incurred in 2005. The majority of the capital expenditures will be used to significantly upgrade the power plant in order accommodate customers, needs for high-power density installations, such as blade servers. As a result of the addition, expansion capital expenditures for 2005 have increased to $21.0 to $27.0 million from previous guidance of $17.0 to $20.0 million. All other Equinix financial guidance provided on June 15, 2005, remains unchanged.


About Equinix
Equinix is the leading global provider of network-neutral data centers and Internet exchange services for enterprises, content companies, systems integrators and network services providers. Through the company,s 15 Internet Business Exchange(TM) (IBX(R)) centers in five countries, customers can directly interconnect with every major global network and ISP for their critical peering, transit and traffic exchange requirements. These interconnection points facilitate the highest performance and growth of the Internet by serving as neutral and open marketplaces for Internet infrastructure services, allowing customers to expand their businesses while reducing costs.

Posted by mattdawson at 05:39 PM

July 14, 2005

STEADY REVENUE GROWTH, PROFIT HIGHLIGHT RES' FIRST 5 YEARS


SACRAMENTO, California (July 11, 2005) - RagingWire Enterprise Solutions, Inc. (RES), a leading IT outsourcing provider of software as a service and on-demand solutions, today announced the company has averaged 94 percent revenue growth and 256 percent average client growth year-over-year since its inception in 2000. RES also reported that its annual revenues for fiscal year 2005 rose by 32 percent, while its client base increased by 31 percent over the same period.


"It's been a tremendous five years for RES, which has steadily experienced strong revenue increases and client growth despite significantly challenging times in the IT sector," said George Macricostas, CEO of RES. "Providing quality customer service and consistently increasing sales with both new and existing clients has been instrumental in reaching some important corporate milestones that have positioned RES well in the IT outsourcing industry."


RES attained net income last year, as audited by PricewaterhouseCoopers LLP. The milestone was achieved in less than four years of business operations. To support client growth and an increasing demand for highly available and secure IT solutions, RES completed construction of more than 43,000 square feet to its state-of-the-art, Class "A+" Enterprise Data CenterSM. In April, RES surpassed four years of delivering 100 percent availability in power, cooling, and Internet connectivity to its clients, a mark that began in April 2001.


"RES' consistent track record of increasing revenues and exceeding clients' expectations has been the company's blueprint for achieving some remarkable corporate goals in a relatively short period of time," said Yatish Mishra, president and CTO. "RES' success is driven by its proven ability to fully understand its clients' business needs and deliver robust, value-added solutions that enable them to reduce costs and maintain a competitive edge in the global marketplace."


About RagingWire
RagingWire Enterprise Solutions provides highly custom and flexible managed services and world-class IT infrastructure solutions that accommodate the business needs of large, data-intensive enterprise companies. RES operates a reliable and secure Enterprise Data CenterSM facility that offers "five nines" (99.999%) availability and highly scalable power and cooling in conjunction with managed IT solutions that maintain Fortune 1000 companies' mission-critical, back-office IT systems and applications. RES enables its clients to reduce their operating costs, speed time to market, and focus on their core competencies. For more information about RES, access www.ragingwire.com

Posted by mattdawson at 02:12 AM

 
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