Colocation and interconnection specialist Equinix will build a 10th International Business Exchange (IBX) data center at its campus in Ashburn, Virginia, the company said today. The company said its DC10 will provide 77,000 square feet of customer floor space, built out in multiple phases.
The new data center will be built by Digital Realty Trust (DLR), the real estate investment trust that owns several of Equinix's existing facilities. The facility is scheduled to open in early 2012, with the first phase is expected to cost $34 million in expansion capital, which is already reflected in the company’s guidance.
Equinix said DC10 will focus on offer Business Suites, a service targeting Equinix customers that may require larger data center footprints but still need the connectivity and cross-connects from an IBX peering center. Equinix has previously offered Business Suites in some markets in Europe.
'Strategic Importance' of Ashburn
"As the most interconnected site on the East Coast, the Ashburn campus has long been a location of strategic importance to us," said Charles Meyers, president of the Americas for Equinix. "With strong demand for Platform Equinix in this market, we continue to invest in the D.C. metro area to support the requirements of our expanding customer base."
The Equinix Ashburn campus includes more than 620,000 square feet of data center space. The campus is one of the Internet’s busiest intersections, managing digital traffic flow between the nearly 200 networks that meet inside the buildings. The campus is a strategic focal point for Equinix, which has built a prosperous business helping companies avert Internet traffic jams.
Equinix also announced the availability of its Business Continuity Services in Milan, Italy, which is a leading European finance and technology hub. In addition to Milan, Equinix offers Business Continuity services in Frankfurt, Munich, Dusseldorf, Hong Kong, and New York.
Equinix also reported ts second quarter earnings after the market close Wednesday. Revenues were $394.9 million for the second quarter, a 9% increase over the previous quarter and a 33% increase over the same quarter last year. Recurring revenues, consisting primarily of colocation, interconnection and managed services were $376.5 million for the second quarter, a 9% increase over the previous quarter and a 33% increase over the same quarter last year. Non-recurring revenues were $18.4 million in the quarter.