Lexent Metro Connect Completes Low Latency Dark Fiber Route Between Equinix New Jersey Data Centers and NYC Carrier Hotels

Wed Nov 4, 2009 8:00am EST
 
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NEW YORK & FOSTER CITY, Calif.--(Business Wire)--
Lexent Metro Connect, the leading provider of dark fiber networks in the New
York Metropolitan area, and Equinix, Inc. (Nasdaq:EQIX), a provider of global
data center services, today announced that Lexent has completed its ultra low
latency dark fiber connection between two Equinix International Business
Exchange (IBX®) data centers in Secaucus, NJ and strategic carrier hotels
located in Manhattan, including 60 Hudson Street, 32 Avenue of the America, 75
Broad Street and 111 Eighth Avenue. 

The new dark fiber route follows the shortest distance across the Hudson River,
offering the lowest latency fiber path between Manhattan and Equinix`s NY4 and
NY2 centers in Secaucus. With a route latency of less than 100 microseconds,
this new link will enable global banks, financial exchanges and other
enterprises, located in the 100+ Lexent on-net buildings or along the Lexent
fiber optic backbone, to link with the Equinix Financial eXchange community of
execution venues, buy and sell side firms, market data providers and technology
utilities operating within the NY4 and NY2 centers. These companies operate at
Equinix`s high performance data centers to access the widest choice of
low-latency networks and to directly exchange data with strategic partners and
customers in close proximity. 

"By utilizing Lexent Metro Connect, the financial community operating within our
NY4 and NY2 centers in Secaucus can tap into fast, high-quality dark fiber
routes to securely access New York`s carrier hotels," said John Knuff, director
of business development for Equinix. "This provides them with optimized,
low-latency links to New York City`s financial exchanges and other key
investment buildings." 

In June, Reuters published a paper called "Addressing the low-latency challenge,
Low-latency architecture as a competitive advantage," in which David Lester, the
chief information officer at the London Stock Exchange commented that "the firms
that have been happy with a latency of 400 or 500 milliseconds will find that it
is just not good enough going forward." Lexent`s short fiber path specifically
addresses these concerns. The network was designed to meet the requirements of
the growing proximity trading community by offering an ultra-low latency route
with high reliability, as the probability of physical fiber faults are decreased
due to reduced exposure to potential third-party damage. These low latency
connections, measured in milliseconds, translate to tens of thousands of dollars
per transaction for traders. 

"Latency is arguably one of the most important factors driving financial firms`
metro network decisions today," said Ray La Chance, President and CEO of Lexent
Metro Connect. "We have seen a surge in financial firms requesting private dark
fiber solutions utilizing shorter optical routes, and with no mid-span
equipment. In response, Lexent has built upon its core regional dark fiber
footprint, removing the `fiber variable` and allowing its clients to deploy
latency optimized applications unparalleled by comparable carrier solutions." 

Lexent`s low latency New York/New Jersey fiber route is now available. For more
information, please email info@lexent.net. 

About Lexent Metro Connect

Lexent Metro Connect, LLC provides enterprise customers and service providers in
New York City and its surrounding boroughs with state of the art, custom built,
dark fiber optic networks. As a leading provider of dark fiber networks in the
New York Metropolitan area, Lexent is the only fiber provider that owns,
operates, builds and maintains its own dark fiber network in-house. Lexent
provides its customers with the option to leverage an existing dark fiber
network as an extension of their own, or to build a new, dedicated, private
fiber network in the City. Lexent also provides direct connectivity to
carrier-neutral colocation facilities, enabling Freedom of Choice in pursuing
wholesale buying of Network Services. Lexent`s ever-growing network provides
diverse connectivity between regional Carrier Hotels, Central Offices, and
Enterprise Buildings. For more information on Lexent Metro Connect, please email
info@lexent.net or call 212.981.0700. 

About Equinix

Equinix, Inc. (Nasdaq:EQIX) provides global data center services that ensure the
vitality of the information-driven world. Global enterprises, content and
financial companies, and network service providers rely upon Equinix`s insight
and expertise to protect and connect their most valued information assets.
Equinix operates 45 International Business Exchange (IBX) data centers across 18
markets in North America, Europe and Asia-Pacific. 

Important information about Equinix is routinely posted on the investor
relations page of its website located at www.equinix.com/investors. We encourage
you to check Equinix`s website regularly for the most up-to-date information. 

About Equinix Financial eXchange

Equinix Financial eXchange is a neutral marketplace consisting of financial
markets participants including execution 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

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.

Equinix and IBX are registered trademarks of Equinix, Inc. International
Business Exchange is a trademark of Equinix, Inc.

Jaymie Scotto & Associates for Lexent Metro Connect
866-695-3629
pr@jaymiescotto.com
or
Equinix, Inc.
Joan Powell, 650-513-7098
joanpowell@equinix.com

Copyright Business Wire 2009

 

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