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Equinix Acquires Dutch Virtu
FOSTER CITY, Calif. -- Equinix, Inc. (Nasdaq: EQIX), the leading provider of network-neutral data centers and Internet exchange services, today announced that it has expanded the companys global data center operations with the acquisition of Virtu Secure Webservices B.V., a provider of network-neutral data center services in the Netherlands. The agreement will immediately provide Equinix with data center operations in the cities of Enschede and Zwolle, and by mid-2008, in Amsterdam.
The acquisition comes as Equinix continues its expansion program in ten markets in the U.S., Europe and Asia-Pacific in 2008. It also follows the 2007 acquisition of European colocation provider IXEurope, which solidified Equinixs market leading position and strengthened the companys comprehensive global offering for customers.
Founded in 1999, Virtu is a provider of network-neutral data center services in the Netherlands. The companys more than 400 enterprise, systems integrator and government customers include IBM, TUI/Thomson, Netherlands Department of Finance and Ten Cate. Virtu operates data centers in Enschede (1,200 net sq. m.) and Zwolle (500 net sq. m.), and it is currently building out a 3,000 net sq. m. center in Amsterdam that is expected to be open for customers in mid-2008. The Enschede center is approximately 40% utilized. The Zwolle center recently opened and will be at 80% occupancy once all signed contracts are fully installed. The company offers a range of colocation, interconnection and managed services that complement Equinix Europes existing portfolio of products, as well as a seasoned team of professionals.
The Amsterdam site, which is currently under construction and was acquired by Virtu through a lease agreement, formerly served as a data center for ING Bank. Virtu is currently building out the center to create an infrastructure that is compatible with the increased power and cooling requirements of current data center equipment, such as high power density (HPD) deployments. Equinix will immediately be involved in the design and modernization of this site, bringing its world class expertise in next generation data center design.
With our successful expansion into Europe last year, Equinix broadened its ability to provide customers with a comprehensive global data center and interconnection services platform across North America, Europe and Asia-Pacific, said Steve Smith, president and CEO of Equinix. Amsterdam is an important location for our primary customer segments, including network service providers, digital content providers, financial services companies and enterprises, and we see significant demand from them as we extend our network-neutral operations to this market.
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