October 13, 2005
Equinix Founder and CTO Jay Adelson Becomes Strategic Advisor to the Company
Foster City, CA — October 13, 2005 — Equinix, Inc. (Nasdaq: EQIX), the leading provider of network-neutral data centers and Internet exchange services, today announced that Equinix Founder and Chief Technology Officer Jay Adelson has transitioned roles at Equinix from serving as a full- time employee to becoming a strategic advisor. In this capacity, he will continue to serve as a spokesman for the company as well as continuing his role in maintaining Equinix's close ties with the networking and Internet community. Having seen his vision for the company fulfilled, Adelson will continue in this advisory capacity while pursuing other entrepreneurial interests.
"Jay is a visionary who took an idea and laid the foundation for a successful company that has significantly impacted the way data moves across the Internet, from email to Web content to music downloads," said Peter Van Camp, CEO of Equinix. "He is also one of the few founders of a successful Silicon Valley technology company that can claim that his original business model remains unchanged. We look forward to his continuing advisory role at Equinix and the future contributions that he will make to our continued success."
"Equinix has fulfilled my greatest dreams for the vision that Al Avery and I had seven years ago when we founded the company," said Adelson. "I look forward to my new consultative role at the company, which will allow me the opportunity to continue contributing to Equinix while I pursue other full-time interests."
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.
Equinix and IBX are registered trademarks of Equinix, Inc. Internet Business Exchange is a trademark of Equinix, Inc.