July 10, 2006
IXEurope expands Swiss datacentre footprint
Zurich3 builds on leading market position and leverages TIX Internet Exchange
IX Europe plc, (“IXEurope”), (AIM: IXE) Europe's fastest growing specialist datacentre services group, has acquired an additional datacentre in Zurich to accommodate strong growth from the internet and enterprise markets and to provide expansion for its successful TIX internet exchange, Switzerland's largest hub for ISP traffic. Acquisition and capital expenditure costs are expected to be less than �0.3m and will be spent in 2006.
Located within two kilometres of the existing Zurich1 and Zurich2 IXDatacentres, Zurich3 will become IXEurope's fourth facility in Switzerland and thirteenth across Europe.
As this facility is fully operational , it is expected that customers will begin to be installed from August 2006, resulting in a breakeven EBITDA contribution to the Group for 2006. The facility already has multiple fibre optic connectivity from Swisscom, Sunrise, COLT, EWZ and Litecom and adds around 300m2 net capacity.
Guy Willner, Chief Executive Officer of IXEurope comments:
"We have a great position in the Swiss market both in Geneva and Zurich and are pleased to be building on this. Switzerland has the highest IT spend per capita in the world and was ranked fourth overall in terms of e-Readiness by the Economist in 2005. This latest growth step allows us to extend our successful TIX internet exchange which already connects over 60 ISPs into the Swiss market.”
For further details
Guy Willner, Chief Executive
Karen Bach, Chief Financial Officer
020 7689 1400
Adrian Duffield/Corinna Dorward
020 7457 2020
IXEurope is one of Europe's fastest growing providers of datacentre services. Its principal activities include primary datacentre services, connectivity services and business continuity solutions.
IXEurope works with enterprise and internet customers to provide resilient datacentre infrastructure to house their IT systems far more cost-effectively than through in-house provision. The benefits include optimised IT performance, improved systems availability and reduced corporate risk through improved regulatory compliance. By continually focusing on quality, IXEurope also gives clients exceptional service levels and on-site access to a high level of technical expertise.
With award winning datacentre facilities in key European cities, broad technology expertise and a proven track record, IXEurope provides solutions that give customers the confidence that their operations are protected. The Company has over 400 customers in the enterprise, internet and networking markets including Merrill Lynch, Google, Network Rail and France Telecom.
Founded in 1998, IXEurope was listed on the London Stock Exchange in April 2006.
For more information please visit the website at www.ixeurope.com
TIX Internet Exchange
IXEurope owns and operates the largest Internet exchange in Switzerland, the TIX (www.tix.ch), with some 50 members connected. Owned by IXEurope since April 2001, Zurich based TIX is the most important public internet exchange in Switzerland and is dual-hosted within two IXDatacenters in the Zurich Technopark. With over 60 ISPs, TIX works as a central hub for all Swiss internet traffic, meaning that traffic from one national ISP to another does not have to be routed via other cities and countries in Europe. IXEurope recently announced significant upgrades to the TIX Internet Exchange in Zurich. The upgrade incorporates a second physical location, TIX2, which provides increased capacity, space for expansion and the ability to create redundant peering to increase resilience.
IXEurope also co-manages the CERN Internet Exchange Point, CIXP, which is a historical European Internet landmark, through which the first pan-European Internet backbone and the first T1 connection to NFSnet were established in 1989 and 1990. CIXP (http://cixp.web.cern.ch/cixp/), is the second major Swiss exchange and is linked to the global research network and housed at the Geneva IXDatacenter and at CERN's campus datacenter. IXEurope has upgraded the infrastructure between these two locations with CWDM to provide 10Gb services for the Geneva area.
IXEurope has deployed new infrastructure incorporating Ethernet connectivity between these two premier internet exchange points (TIX and CIXP) and an upgrade between the two CIXP locations. The two internet exchanges handle nearly 90% of the inner-Swiss internet traffic and ISPs are now able to interconnect and exchange IP traffic (peer) directly with members of both, as the bulk of national ISPs (as well as many other major international ISPs) are members of these internet exchanges.
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 IXEurope into Equinix; a failure to receive significant revenue from customers in recently built out 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; the results of any litigation relating to past stock option grants and practices; 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.
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