Equinix : Announces Further Expansion of its Footprint in Hong Kong

REDWOOD CITY, Calif. and HONG KONG, May 25, 2015 /PRNewswire/ -- Equinix, Inc. (Nasdaq: EQIX), the global interconnection and data center company, today announced its plans to further expand its footprint in Hong Kong. It will invest over $40 million to build the third phase of its second International Business Exchange (TM) (IBX(®)) data center (HK2). It will also build the ninth phase of its first data center (HK1). The new facilities will meet strong demand from cloud and content and digital media (CDM) companies for data center and interconnection services in Hong Kong.

Highlights/Key Facts

    --  Located in the western part of Hong Kong, the third phase of HK2 will
        provide space for an additional 900 cabinets, bringing the total
        capacity of the data center to 2,350 cabinets. It is slated to open in
        Q4, 2015, in conjunction with the additional phase of HK1-IX, which will
        add 275 cabinets.
    --  The expansion of HK1 and HK2 will enable businesses to better address
        the huge consumer appetite for online media and video content. In Hong
        Kong alone, 79 percent of the population is active on the internet, with
        66 percent active on social media and 64 percent mobile internet
        users(1). Given this high penetration, content and digital media
        companies are deploying in Equinix's Hong Kong data centers at a rapid
        rate to be in closer proximity to end users and lower network latency to
        provide an optimal end-user experience.
    --  Equinix Hong Kong's content and digital media customer base grew 16
        percent year-over-year in 2014. Content companies such as ChinaCache,
        Casale Media and MediaMath are deploying with Equinix Hong Kong to
        access its network-dense ecosystem of more than 1,000 networks,
        carriers, mobile providers and internet service providers (ISPs), such
        as China Unicom. Content companies are also deploying with Equinix to
        develop agile, hybrid cloud environments with access to multiple clouds
        including Microsoft Azure, AWS and Google Cloud Platform and networks
        via Equinix Cloud Exchange.
    --  Equinix's cloud and IT ecosystem also continues to gain momentum in Hong
        Kong, as local and international internet security and cloud service
        providers (CSPs) are increasingly choosing to deploy with Equinix Hong
        Kong as an entry point into Asia-Pacific. With IDC predicting the cloud
        market to grow 23 percent in 2015, driven by rising interests from
        enterprises(2), internet security, network and cloud service providers
        such as Macroview, Microware, Netswitch, Nexusguard and OneAsia are
        turning to Equinix Hong Kong to connect with an established ecosystem of
        over 6,300 potential customers and partners.
    --  The expansion of Equinix's footprint in Hong Kong is the latest in a
        series of expansions across Asia-Pacific to meet the rising demand for
        interconnection services. Most recently in March 2015, Equinix opened
        its third Singapore data center (SG3) and its first data center in
        Melbourne (ME1) in December 2014.

Quotes

    --  Jesse Shang, senior vice president, China Unicom Hong Kong: "With our
        deployment in Equinix's IBX data center in Hong Kong, we've been able to
        connect with thousands of companies and tap into new business
        opportunities across various industries, ranging from enterprises to
        service providers. It has also enabled us to quickly and efficiently
        scale our services, providing telecommunication services to customers
        throughout Asia-Pacific and the Middle East."

    --  PH Tang, chief technology officer, Macroview Telecom: "As one of Hong
        Kong's leading ICT Systems Integrators, we've seen uptake from customers
        wanting to deploy the latest network infrastructure and private cloud
        solutions. This made it natural for us to partner with Equinix thanks to
        its strong public cloud ecosystem and experience as a cloud enabler.
        Together we can help customers benefit from the latest hybrid cloud
        solutions and ensure they adopt the right cloud strategy for their
        businesses."
    --  Joseph Yang, director of Professional & Managed Services, Microware
        Limited: "Microware is committed to helping our clients simplify complex
        IT infrastructure through our state-of-the-art cloud solutions, enabling
        them to focus on their core business without worrying about managing IT
        operations. To achieve this, we choose to host our cloud services inside
        Equinix IBX data centers, with its global footprint, network-dense
        connectivity, wide range of cloud service providers and dedicated
        disaster recovery."

    --  Alex Tam, managing director, Equinix Hong Kong: "With the strong
        momentum of cloud and content companies deploying in Hong Kong, as well
        as data center services demand from worldwide customers including many
        in China, it was a clear strategic business decision to expand our
        presence in Hong Kong. The investment in HK1 and HK2 further positions
        Hong Kong as an important regional hub, not only for financial services
        firms but for cloud and content companies as well."

Additional Resources

    --  Equinix's Cloud Ecosystem Gains Momentum in Hong Kong
    --  Equinix Completes Expansion of Third Hong Kong Data Center

About Equinix
Equinix, Inc. (Nasdaq: EQIX) connects the world's leading businesses to their customers, employees and partners inside the most interconnected data centers. In 33 markets across five continents, Equinix is where companies come together to realize new opportunities and accelerate their business, IT and cloud strategies. www.equinix.com.

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.

(1) Digital, Social, and Mobile in APAC 2015 Report, Interactive Advertising Bureau (IAB) Singapore, March 2015
(2) Hybrid cloud adoption set for a big boost in 2015, Computerworld, December 2014

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SOURCE Equinix, Inc.