REDWOOD CITY, Calif.--(BUSINESS WIRE)--Equinix, Inc. (Nasdaq: EQIX), the global interconnection and data center company, today announced it has completed the sale of 16 International Business Exchange™ (IBX®) data centers located throughout the United States to an investment group consisting of 365 Main, Crosslink Capital, Housatonic Partners and Brightwood Capital.
With the close of the transaction, Equinix exits nine markets, including Buffalo, Cleveland, Detroit, Indianapolis, Nashville, Phoenix, Pittsburg, St. Louis and Tampa. Equinix will retain a presence in the remaining seven markets – Chicago, Dallas, New York, Philadelphia, Reston, Seattle and Silicon Valley – where it currently has sufficient capacity to meet customer demand. In addition, the Equinix customers deployed in the 16 data centers have been transferred to 365 Main, and key employees who have experience with these sites have joined 365 Main to facilitate a seamless transition and ongoing support for customers.
“By divesting these data centers in non-core markets, we can focus our capital and management attention on our most productive data centers while ensuring that customers at these sites are supported by an experienced data center operator that will continue to invest in these locations,” said Charles Meyers, president of the Americas for Equinix.
About Equinix
Equinix, Inc. (Nasdaq:EQIX), connects more than 4,000 companies directly to their customers and partners inside the world’s most networked data centers. Today, businesses leverage the Equinix interconnection platform in 30 strategic markets across the Americas, EMEA and Asia-Pacific. 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.
Equinix and IBX are registered trademarks of Equinix, Inc.
International Business Exchange is a trademark of Equinix, Inc.