http://www.carrierhotels.com/news/2005/Apr/22/equinix_to_provide_outsourced_data_center_services_for_tower_group_inc_print.html
EQUINIX TO PROVIDE OUTSOURCED DATA CENTER SERVICES FOR TOWER GROUP, INC.
By Rich Miller
Carrier Hotels Editor
Posted Apr 22, 2005
Property and Casualty Insurance Company Selects Premium Equinix Data Center for Disaster Recovery
Foster City, CA April 20, 2005 Equinix, Inc. (Nasdaq: EQIX), the leading provider of network-neutral data centers and Internet exchange services, today announced that Tower Group, Inc. (Nasdaq: TWGP) has selected one of Equinix‚s New York area Internet Business Exchange (IBX®) centers to provide an offsite data center facility. Tower Group will use this deployment to Equinix‚s high-performance data center in conjunction with its own IT capabilities in New Jersey to create a more flexible and reliable network infrastructure.
Tower Group, Inc., headquartered in New York City, offers property and casualty insurance products and services through its insurance company and insurance service subsidiaries. Its insurance company subsidiary, Tower Insurance Company of New York, is rated "A-" (Excellent) by A.M. Best and offers commercial insurance products to small to medium size businesses and personal insurance products to individuals. Its insurance services subsidiary, Tower Risk Management, acts as a managing general agency, adjusts claims and negotiates reinsurance terms on behalf of other insurance companies. In March 2005, Tower Group, Inc. acquired North American Lumber Insurance Company, which was subsequently renamed, Tower National Insurance Company.
The move to Equinix‚s New York area IBX center is expected to provide Tower Group with a flexible platform for disaster recovery, as well as an opportunity to leverage the performance and cost benefits of directly interconnecting to an aggregation of network service providers and Internet companies at a single, centralized location. Equinix‚s concentration of networks can enable Tower Group to reduce the costs of reaching these partners in multiple, disparate locations and through traditional local loop arrangements.
In addition to the interconnection benefits, Equinix‚s premium data centers provide a redundant and secure physical infrastructure for the deployment of IT operations. The power operations of each center include a high-performance backup system that ensures uninterrupted power even in the event of utility power disruption. Equinix‚s HVAC systems provide industry-leading environmental control, including the ability to accommodate the latest in high power density equipment such as blade servers.
About Equinix
Equinix is the leading global provider of network-neutral data centers and Internet exchange services for enterprises, content companies, systemsintegrators and network services providers. Through the company‚s 15 Internet Business Exchange (IBX®) 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.
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