Key Developments For Switch & Data Facilities Company, Inc.
Switch & Data Facilities Company, Inc. (SDXC.O) (Nasdaq)
CFN Services Joins Switch & Data Facilities Company, Inc.'s GeoReachSM Partnership To Provide Low-latency Exchange Interconnection Solutions in Metro New York And Toronto
Switch & Data Facilities Company, Inc. announced that CFN Services, has joined Switch and Data`s GeoReach partnership program. CFN will provide clients with turnkey or custom-designed, low-latency interconnections to multiple regional exchanges from Switch and Data`s New York and Toronto Financial EcoCentersSM. CFN FiberSource Advisor provides professional services to assist financial firms in their regional or global network design, planning, and strategy to enhance their individual electronic trading strategies.
Pragma Securities Chooses Switch & Data Facilities Company, Inc.'s New York Financial EcoCenterSM To Optimize Performance Of Its Quantitative Trading Solutions
Switch & Data Facilities Company, Inc. announced that Pragma Securities, an established provider of sophisticated and innovative quantitative trading solutions, has chosen Switch and Data`s New York Financial EcoCenter to house its growing and diverse solutions for automated trade execution and dark pool liquidity.
SoftCom Partners With Switch & Data Facilities Company, Inc. To Focus On Growing Its Web Hosting And Business Communication Services
Switch & Data Facilities Company, Inc. announced that SoftCom Inc., has relocated its data center operations to Switch and Data`s 151 Front Street facility in downtown Toronto. SoftCom has decided to move its operations from a carrier`s datacenter and expects to benefit from improved cooling capacity to scale its operations, a choice of providers for better redundancy, and improved performance and reliability which will allow it to focus IT resources on new product development and customer support.
Switch & Data Facilities Company, Inc. Issues FY 2009 Guidance Above Analysts' Estimates
Switch & Data Facilities Company, Inc. announced that for fiscal 2009, it expects total revenues to be $206 million and adjusted EBITDA to be $76 million. According to Reuters Estimates, analysts were expecting the Company to report revenue of $205 million and EBITDA of $74 million for fiscal 2009.
Levi & Korsinsky, LLP Investigates Possible Breach Of Fiduciary Duty By Board Of Switch & Data Facilities Company, Inc.
Levi & Korsinsky announced that it is investigating the Board of Directors of Switch & Data Facilities Co., Inc. for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to sell the Company to Equinix, Inc. Under the terms of the agreement, Switch & Data stockholders can elect to receive either 0.19409 shares of Equinix stock or $19.06 in cash for each share of Switch & Data stock they own with the overall consideration to be paid by Equinix being set at 80% in stock and 20% in cash. If holders of more than 80% of Switch & Data`s stock elect to receive Equinix stock or holders of more than 20% of Switch & Data`s stock elect to receive cash, the merger consideration will be pro-rated accordingly.
