Equinix Opens Seventh and Largest IBX Center; Second in the New York Metro Area; AT&T, WorldCom and Verizon Among First Network Service Providers.

Business Editors/High-Tech Writers

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Jan. 29, 2002

Equinix, Inc. (Nasdaq:EQIX), the leading provider of core Internet exchange services, today announced the opening of its seventh and largest Internet Business Exchange(TM) (IBX(R)) center, located in the New York metropolitan area. AT&T, WorldCom and Verizon are among the first networks available to customers of the new IBX center.

The opening of the center, located in Secaucus, N.J., comes at a time when Equinix's center in Newark, N.J. is near capacity. "Since opening our Newark IBX center in 2000, Equinix has experienced solid demand for strategic Internet exchange services as companies seek to leverage the reliability, scalability and cost benefits of Equinix services," said Peter Van Camp, chairman and CEO of Equinix.

"Today, across our seven centers, more than 65 of the world's top networks and five of the top seven Web sites have built Equinix services into their Internet operations in order to enhance the performance of their core services," said Van Camp. "Equinix is the only company in the New York area that will provide such a wide choice of networks and infrastructure providers to meet the critical performance, security and flexibility demands of New York's financial, media and other top enterprise firms. As such, we expect the Secaucus IBX center to become a core hub for Internet operations."

In addition to its size and strategic location in Northern New Jersey, the Secaucus IBX center allows customers, for the first time, to fully customize their presence in an IBX center. Equinix will work closely with customers to design the cabinet, power, network connectivity and other configurable requirements and will build out a customized infrastructure to satisfy the specific business needs and configuration requests of each customer.

The new 200,000 square-foot center brings Equinix's total footprint to over 800,000 square feet nationwide, and completes the company's fully-funded IBX build-out plan. In addition to its two IBX centers in the greater New York area, Equinix operates IBX centers in the Washington, D.C., Silicon Valley, Chicago, Los Angeles and Dallas areas.

Equinix IBX centers are built with the most stringent security and quality standards in the industry. Security features include 24x7 guards, biometric hand-geometry scanners on all doors and cages, and tightly controlled and monitored customer access.

About Equinix

Equinix is the leading provider of core Internet exchange services that allow networks, Internet infrastructure companies, enterprises and content providers to grow, manage and control their network and Internet operations for unparalleled performance. Through the company's seven Internet Business Exchange (IBX) centers, customers can directly interconnect with the providers that serve over 85% of the world's Internet networks and users for their critical peering, transit and traffic exchange requirements. These interconnection points facilitate the highest performance and growth of the Internet by serving as neutral and open marketplaces for Internet infrastructure services, allowing customers to expand their businesses while reducing costs. For more information, visit the company's Web site at www.equinix.com.

Network and service provider customers include AT&T, Akamai, Cable& Wireless, EDS, EYT, Genuity, IBM, Level3, Loudcloud, QWEST, UUNET/WorldCom and others. Enterprise and content provider customers include Associated Press, Charles Schwab, Google, MSN, Washingtonpost.Newsweek Interactive, and Yahoo! For more information, visit the company's Web site at www.equinix.com.

This press release contains forward-looking statements, including statements related to Equinix's business outlook and bookings. Actual results may differ from expectations due to a number of factors, including: the challenges of building and operating IBX centers and developing, deploying and delivering Equinix services; competition from existing and new competitors; the risk that customers who have placed orders may not install or may delay installations; and the ability to open new IBX centers and deliver services when requested by our customers. The matters discussed in this press release also involve risk and uncertainties described from time to time in Equinix's filings with the SEC. In particular, see Equinix's quarterly and annual reports filed with the SEC. Equinix does not assume any obligation to update the forward-looking information contained in this press release.

Note to Editors: Equinix and IBX are registered trademarks of Equinix, Inc. Internet Business Exchange is a trademark of Equinix, Inc.