January 20, 2010
Lexent Metro Connect Joins Switch and Data's GeoReach Program Providing a Low-Latency, Dark Fiber Network in New Jersey
TAMPA, Fla. - January 20, 2010 - Switch and Data (NASDAQ: SDXC), a leading provider of network-neutral data center and Internet exchange services, announced today that Lexent Metro Connect, the leading provider of dark fiber networks in the New York metropolitan area has become part of Switch and Data's GeoReach program. Lexent Metro Connect has also completed its construction of a low-latency dark fiber network route to Switch and Data's North Bergen site located at 5851 Westside Avenue in New Jersey.
Lexent provides dark fiber interconnectivity between Switch and Data's North Bergen and 111 Eighth Avenue, New York, colocation sites and other leading New York Metro data centers and financial exchanges. This critical, low-latency interconnectivity provides high performance access for Switch and Data's clients in both facilities. “Providing reliable connectivity services and affordable network solutions are common goals Lexent shares with Switch and Data,” stated Ray La Chance, President and CEO of Lexent Metro Connect. “With our ultra low-latency dark fiber routes, Switch and Data clients can benefit from secure, high-bandwidth connectivity, cost effectively compared to traditional carrier options such as Ethernet private-line connectivity.”
Switch and Data's GeoReach program is a select group of providers who have engineered their networks to meet the needs of the high-frequency trading community. GeoReach participants have engineered optimum paths from Switch and Data's Financial EcoCentersSM to each of the regional liquidity providers to satisfy the requirements of the most latency-sensitive infrastructure. Firms can focus on their core operations and add each new ATS or Exchange using a low cost, minimal footprint, while still maintaining ultra low-latency communication across the financial markets. “As a partner in our GeoReach program, Lexent's network provides our customers with high-quality and resilient dark fiber network connectivity to a wide variety of customers in the financial services space,” said John Panzica, Vice President of Switch and Data's Financial Services Practice. “Delivering multiple, robust connectivity options is key for our clients.”
GeoReach participants are a critical element of Switch and Data's Financial EcoCenters, which provide mission-critical infrastructure to meet the security, volume and low-latency requirements of the electronic trading community. Switch and Data's EcoCenters aggregate an ecosystem of the pre- and post-trade service provider, buy-side and sell-side communities into Switch and Data sites located in the geographic center of the major liquidity providers in New York and Toronto.
About Lexent Metro Connect
Lexent Metro Connect, LLC provides enterprise customers and service providers in New York City and the surrounding region with state-of-the-art, custom-built, dark fiber optic networks. As a leading provider of dark fiber networks in the New York metropolitan area, Lexent is the only fiber provider that owns, operates, builds and maintains its own dark fiber network in-house. Lexent provides its customers with the option to leverage an existing dark fiber network as an extension of their own, or to build a new, dedicated, private fiber network. Lexent also provides direct connectivity to carrier-neutral colocation facilities, enabling “freedom of choice” in pursuing wholesale buying of network services. Lexent's ever-growing network provides diverse connectivity between regional carrier hotels, central offices and enterprise buildings. For more information on Lexent Metro Connect, please email email@example.com or call 212.981.0700.
About Switch and Data
Switch and Data is a premier provider of network-neutral data centers that house, power and interconnect the Internet. Leading content companies, enterprises and communications service providers rely on Switch and Data to connect to customers and exchange Internet traffic. Switch and Data has built a reputation for world-class service, delivered across the broadest colocation footprint and richest network of interconnections in North America. Switch and Data operates 34 sites in the U.S. and Canada, provides one of the highest customer satisfaction scores for technical and engineering support in the industry, and is home to PAIX® — the world's first commercial Internet exchange. Important information about Switch and Data is routinely posted to the investor relations section of the company's website www.switchanddata.com.
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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.
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