July 12, 2010
Transaction Network Services Leverages Equinix in North America and Europe; Expands Managed Connectivity Services to Asia-Pacific
Equinix's clients provided a new, low latency direct access for the financial community to exchanges and execution venues
FOSTER CITY, CA, LONDON, UNITED KINGDOM, SINGAPORE, July 12, 2010 - Equinix, Inc. (Nasdaq:EQIX), a provider of global data center services, and Transaction Network Services (NYSE:TNS), a leading provider of business-critical, cost-effective data communications services, today announced that TNS' Secure Trading Extranet is now offering low-latency connectivity through Equinix's International Business Exchange™ (IBX®) data centers in Australia and Singapore.
This announcement follows TNS deployments in Chicago, New York, London and Frankfurt, enhancing TNS' position as a key connectivity provider for the global Equinix trading community.
The Asia-Pacific market presents significant growth potential to the electronic trading community as Asian exchange volumes continue to grow and as demand for interconnecting multiple venues, participants and geographies accelerates. TNS's network at Equinix data centers helps to connect a global financial community of interest, including buy and sell-side firms, hedge funds, execution venues and suppliers of market data and trading technologies.
The participants of Equinix's financial community will benefit from TNS' global network infrastructure, which provides services to over 40 countries around the world and 1,600 end-points on its Extranet. Both companies' financial sector expertise and the presence of an extensive trading community at IBX facilities will support TNS' objective of rapidly enabling new entrants with an easier access into the Asia markets, as well as connectivity to other markets worldwide.
“Supported by TNS' connectivity, our facilities in Australia, Hong Kong and Singapore become an even stronger platform for both new and current financial participants to build in and use for accessing Asia-Pacific markets,” said John Knuff, general manager, Equinix Financial Services. Our IBX clients can benefit from this new high-performance, low latency infrastructure in addition to Equinix's broad range of offerings, other financial participants and technologies.”
Alan Schwartz, President for TNS' Financial Services Division, said: “The presence of a robust electronic trading ecosystem within Equinix will allow us to increase our connectivity and build on our growing client base. We believe our joint clients will greatly benefit from this new low latency network connectivity, enabling them to capitalize on the improved speed and reliability that is key to today's electronic trading.”
About Transaction Network Services
Transaction Network Services (TNS) is a leading global provider of data communications and interoperability solutions.
TNS offers a broad range of networks and innovative value-added services which enable transactions and the exchange of information in diverse industries such as retail, banking, payment processing, telecommunications and the financial markets.
Founded in 1990 in the United States, TNS has grown steadily and now provides services in over 40 countries across the Americas, Europe and the Asia Pacific region, with our reach extending to many more. TNS has designed and implemented multiple data networks which support a variety of widely accepted communications protocols and are designed to be scalable and accessible by multiple methods.
For further information about TNS, visit http://www.tnsi.com. �One Connection, A World of Opportunities'
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About Equinix in the Global Financial Markets Equinix provides a neutral meeting place for the world's leading financial market participants including trading venues, buy and sell side firms, market data providers, technology providers and financial networks; that locate servers and infrastructure within Equinix data centers in order to support highly reliable, low latency connectivity for a broad range of market participants. Learn more at:http://financial.equinix.com.
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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.
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