April 23, 2008
Equinix Appoints Chief Development Officer Eric Schwartz as President of Equinix Europe
Foster City, CA — April 23, 2008 — Equinix, Inc. (Nasdaq: EQIX), the leading provider of network-neutral data centers and Internet exchange services, today announced the appointment of Eric Schwartz to the post of president of Equinix Europe effective June 1, 2008. In this role, Schwartz will oversee the management, strategy and growth for Equinix in Europe, which currently includes 17 Internet Business Exchange (IBX®) data centers in the United Kingdom, France, Germany, Switzerland and the Netherlands, and approximately 500 customers.
Schwartz, 41, currently serves as chief development officer of Equinix, where he leads the company's strategy, business development and network technology development. He spearheaded Equinix's expansion to Europe - including the 2007 acquisition of IXEurope - and the ongoing integration of Equinix's European operations into its global business.
“As chief development officer, Eric managed last year's successful acquisition of IXEurope, which has provided Equinix with a strong presence on the European continent and the ability to offer a single-source global solution for our customers,” said Steve Smith, president and CEO of Equinix. “As we work to leverage the benefits of Equinix's global presence and to grow our operations in Europe, Eric's experience and existing relationships with our team in Europe position him well to help drive further success for Equinix in Europe.”
Prior to joining Equinix, Schwartz served as vice president - IP Communications for BellSouth, where he led the development and implementation of advanced technologies, including the definition of VoIP services, architectures, and implementations for the carrier. Prior to joining BellSouth, he was executive vice president of Harold A. Dawson Company, an Atlanta-based real estate development company. He is also a former member of McKinsey & Co. where he consulted with telecommunications and financial services companies in the U.S. and Asia on strategic issues. Schwartz holds a BS in Electrical Engineering and BA in Economics from Stanford University and an MBA from Harvard University.
Schwartz fills the position previously held by Guy Willner, the co-founder of IXEurope. Willner and IXEurope co-founder Christophe du Buchet, who is also leaving his executive role with the company, will both continue to serve on the board of Equinix Europe.
“Guy and Christophe are pioneers in the data center colocation industry in Europe and have demonstrated strong leadership over the past nine years,” said Smith. “They have built a first-rate team and provided Equinix with a leading platform for growth in Europe for years to come. I look forward to continuing working with both of them on the Equinix Europe Board as we grow our operations in Europe.”
“Eric has been an important leader in the acquisition of IXEurope and in ensuring the smooth integration of the two companies, and I am delighted that he has assumed this new role,” said Guy Willner. “As president of Equinix Europe, Eric's leadership, knowledge and skill will serve Equinix well during this important phase of the company's growth. I look forward to continuing working with him in my role on the board of Equinix Europe.”
“We have worked on this strategic succession plan and the timing is now ideal as our European business is well positioned within Equinix's global operating framework,” said Christophe de Buchet. “I have worked closely with Eric and I feel that Equinix Europe could not be in better hands.”
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.
Equinix and IBX are registered trademarks of Equinix, Inc. Internet Business Exchange is a trademark of Equinix, Inc.