December 1, 2005
Deloitte Technology Fast 500 reveals that IXEurope is one of Europeâs top 100 fastest growing technology companies
IXEurope, Europe's leading datacenter services company, today announced that it ranked in the top 100 of the 2005 Deloitte Technology Fast 500 EMEA, a ranking of the 500 fastest growing technology companies in Europe, Middle East and Africa.
At last night's glittering awards ceremony in London's Vinopolis, Deloitte announced IXEurope's position as a result of 842.3% revenue growth over five years, from 2000-2004. In addition to ranking on the Deloitte Technology Fast 500 EMEA, IXEurope is 9th on the London and Southern Region Technology Fast 50.
"Attracting enough customers to maintain triple digit growth over five years makes a strong statement about the quality of a company's product and its leadership," said Karel Bakkes, partner in charge of Deloitte's Technology Fast 500 EMEA programme. "IXEurope has shown it has the right stuff for growth."
IXEurope's CEO, Guy Willner, believes that the company's growth over the past five years is a testament to the fact that the company has been built on a sound business plan, an innovative yet considered strategy and the backing of a strong management team.
He said "Being recognised as the 95th fastest growing technology company in Europe is a magnificent achievement for the team. IXEurope continues to grow at a faster rate than all other significant competitors in the European market and we are now larger than the only remaining quoted datacenter services company in Europe."
"The team has shown tremendous commitment to providing high levels of service to our customers and we are delighted that our dedication has paid off. Securing a place on these high profile league tables clearly demonstrates how IXEurope has remained dynamic and thrived."
Technology Fast 500 Selection and Qualifications
The Technology Fast 500 list is compiled from Deloitte's EMEA Fast 50 programmes, nominations submitted directly to the Fast 500, and public company database research. To qualify for the Fast 500, entrants must have had 1999 operating revenues of at least EUR 50,000.
Entrants must also be public or private companies headquartered in EMEA and must be a "technology company," defined as a company that owns proprietary technology that contributes to a significant portion of the company's operating revenues; or devotes a significant proportion of revenues to the research and development of technology. Using other companies' technology in a unique way does not qualify.
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 IXEurope into Equinix; a failure to receive significant revenue from customers in recently built out 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; the results of any litigation relating to past stock option grants and practices; 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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