Telx Opens Exchanges in Dallas, NYC

Telx has launched new Telx Internet Exchange (TIE) peering platforms in the New York and Dallas markets, the company said today. The New York TIE service will be offered in Telx facilites at two major carrier hotels in Manhattan at 60 Hudson Street and 111 8th Avenue. More than 400 service provider and enterprise customers are connected with Telx in these buildings. In Dallas, a new exchange will allow customers to leverage peering within 2323 Bryan and the Telx facility at 8345 Stemmons Freeway.

“Telx is fully committed to providing superior Internet Exchange points within its facilities, and as a result have chosen to launch the next phases of our Internet Exchanges in the New York and Dallas markets,” said Michael Lucking, Director of IP Development and Engineering. Telx has existing TIE peering nodes in Atlanta and Phoenix.

Telx Raises $43 Million for Expansion

Interconnection specialist Telx has lined up $43.5 million in new financing from CIT and RBC Capital Markets, providing the company with capital to continue to grow its core markets, and consider expansion into new cities. The financing replaced an existing term loan for Telx, providing additional funding for new projects. Terms of the transaction were not disclosed.

CIT, which made the loan through its Communications, Media & Entertainment group, has been a financing partner for Telx since 2007, while RBC Capital Markets is a new lender. The lenders cited Telx’s sustained growth, strong business model and customer base, and the strength of the data center market as a whole. Telx reported 39 percent revenue growth in the first quarter of 2008, compared to the same period last year.

Telx said its business plan was fully funded under its former financing, and the new deal provides “significant opportunities to enhance capabilities and explore new technologies that will expand the services that Telx is able to offer its customers.”

Telx Keeps Growing at 111 8th Avenue

Interconnection and colo specialist Telx continues to expand its data center footprint. Today the company announced that it has taken an additional 14,000 square feet of space at 111 8th Avenue, the huge carrier hotel in lower Manhattan where Telx already operates several facilities.

The new space will house the Telx Financial Xchange, which offers financial customers access to low latency connections to other networks. With more space in 111 8th Avenue, Telx can accommodate growing demand for financial “cross-connects” as well as basic colocation.

Telx also said it is partnering with ACTIV Financial to offer low-latency market data and colo services to the financial industry. The availability of data feeds is a key step in attracting trading operations and building a financial ecosystem within a data center. Customers can now place their corporate trading platforms right next to ACTIV’s ticker plant, accessing low-latency global market data from a single connection.

Telx Expands with NJ Data Center

Interconnection specialist Telx has acquired 24,000 square feet of colocation space in Clifton, New Jersey. The new facility expands the company’s data center footprint in the New York area, where most of its space is focused in Manhattan’s premier carrier hotels at 60 Hudson Street and 111 Eighth Avenue.

The acquisition is the fifth data center expansion by Telx in the last six months, in which the company has added 70,000 square feet of new space.The Clifton data center, which will begin accepting colocation clients in the first quarter of 2009, allows Telx to support customers seeking larger footprints and higher power densities.

“We’ve had phenomenal growth in our New York City facilities,” said Telx chief business officer Tesh Durvasula, who said some tenants have requested up to 1,000 square feet of colocation space. ”This gives us the opportunity to provide that square footage for a company that wants a little more space.”  

Telx Expands at 200 Paul in San Francisco

Interconnection specialist Telx continues to expand its data center footprint, and has acquired an additional 6,000 square feet of colocation space at 200 Paul Avenue in San Francisco, the carrier hotel operated by Digital Realty Trust (DLR). The expansion provides Telx with space for an additional 200 cabinet equivalents, and is connected to the Telx “meet me room” in the building and ready for immediate occupancy.  

The San Francisco acquisition the fourth expansion in just six months for Telx, which has added more than 46,000 square feet of new space at 60 Hudson Street and 111 Eighth Avenue in New York and at 350 East Cermak Street in Chicago. Telx also acquired the Atlanta Internet Exchange in June and opened a peering exchange in Phoenix.

“Our West Coast customers need high-quality, secure, network-rich and cost-effective space for their growing data, IP and content businesses,” says Chris Downie, President and Chief Financial Officer of Telx. “Telx has just completed a strong second quarter keeping us in line to achieve an increase in revenue of more than 40 percent in 2008. Our expansions this year are a testament to this strong growth curve.”

Telx Leases Dallas Space to iLand

Interconnection specialist Telx has leased a custom data center suite to iland Internet Solutions at its data center facility at 8435 Stemmons Freeway in Dallas. iland is a leading provider of VMware VI Enterprise solutions and managed colocation, with 600 customers including Reuters, Music Nation, and Careerbuilder.com. iland also leases space from Telx at 60 Hudson Street in New York.

“Telx is the ideal solution provider for iland in Dallas,” said Scott Sparvero, CEO of iland Internet. “Telx provided us with a flexible, easy to use solution with a quick turn-up time. Now, Telx customers can easily connect to iland’s tier 1 IP providers. This is exactly what we were looking for. ”

Telx Expands in Chicago at 350 East Cermak

Telx is expanding its data center space in Chicago, acquiring an additional 5,000 square feet of colocation space at 350 East Cermak, the huge Chicago carrier hotel operated by Digital Realty Trust (DLR). The new space can accommodate 200 cabinets, and will seamlessly connect to the existing Meet Me Room that Telx manages at the building. The growth in Chicago follows similar expansions for Telx in the two largest carrier hotels in New York, 60 Hudson Street and 111 8th Avenue.

Telx, which specializes in interconnections, said the expansion was driven by “continuing strong demand Telx across various vertical markets, including both the financial sector and the traditional service provider sectors.” The company has also seen growth in the volume of communications traffic between New York and Chicago.

“350 East Cermak in Chicago is where you meet most of the global networks,” said Shane Hampton, Vice President, and Market Development for Business Only Broadband. “Anyone that has their own network facilities has space in the building, either in the Meet Me Room or the building itself. Telx provides a fundamental service in the Chicago market offering infrastructure to facilitate cross-connections to an array of global networks and end users.”

Turnout of 1,000-Plus for Telx CBx

More than 1,000 executives from the data center and telecom industry turned out for the Telx CBx (Customer Business Exchange) in Brooklyn on June 5. This video provides an overview of the event, as well as excerpts from Telx CEO Eric Shepcaro and Chief Business Officer Tesh Durvasula as they discuss the company’s recent expansion, including a new lease at the 111 8th Avenue carrier hotel in Manhattan and the company’s entry into the IP peering business. This video runs about 4 minutes, 30 seconds.

For more about Telx, see our Telx Channel. For additional video, check out our DCK video archive and the Data Center Videos channel on YouTube.