Monday, July 31, 2006

Equinix Opens Fourth Data Center in the Silicon Valley

Equinix opened its fourth Internet Business Exchange (IBX) center in the Silicon Valley. The new 120,000 square foot center is located in Sunnyvale and will add approximately 1,800 cabinets and increase Equinix's Silicon Valley footprint to more than 500,000 square feet. The center was originally built-out in 2001 at an estimated cost of $80 million and was acquired by Equinix through a long-term lease announced 14 months ago. Equinix is investing $15.0 million in upgrades to the facility.