Equinix Opens $80 Million Expansion in NJ

Building on the momentum of its acquisition of Switch & Data, Equinix this week announced the opening of the third phase of its NY4 International Business Exchange data center in Secaucus, New Jersey. The $80 million expansion phase adds capacity for another 1,250 customer cabinets in a high-demand market.

“The demand for our data center services in this metropolitan area, particularly in the financial sector, has increased significantly over the last few quarters,” said Pete Ferris, president, Equinix North America. “New York is not only the hub of the North American financial market, but is an important component of the world’s financial ecosystem.

"Our IBX data centers are built for this demanding set of high availability transaction engines, offering the ability to satisfy local demand while scaling data services to bridge to a global audience,” said Ferris.

The NY4 center is Equinix’s fourth New York area data center. The $95 million first phase of the center was opened in November 2007. At full build-out, the NY4 center will be Equinix’s largest in the U.S. to at 340,000 square feet – the size of five football fields. It is directly linked to the company’s three other New York area data centers through redundant dark fiber links managed by Equinix.

The NY4 center, located 11 miles from downtown Manhattan, is a key component of Equinix’s financial ecosystem, a carrier-neutral meeting place for the trading venues, buy and sell side firms, market data providers, technology providers and financial networks.

New Space Will Boost Revenue
In the company's earnings call in April, Equinix chief financial officer Keith Taylor said that in recent months the company has booked sales that won’t convert into billing revenue until the company opens the third phase of NY4.

Equinix capacity in New York will also be boosted by the recently-completed acquisition of Switch and Data, which has a large data center in North Bergen with expansion space available. 

The NY4 center is Equinix’s fourth New York area data center. The $95 million first phase of the center was opened in November 2007. At full build-out, the NY4 center will be Equinix’s largest in the U.S. to at 340,000 square feet – the size of five football fields. It is directly linked to the company’s three other New York area data centers through redundant dark fiber links managed by Equinix.