February 2, 2005
Germany Strategic Partnership between IXEurope and GIC offers Business Continuity Solutions at highest level
FrankfurtamMain , Germany: IXEurope and GIC, a major player in Business Recovery services in Germany, have announced a partnership aimed at marketing Business Recovery services to clients across Germany, focusing specifically on financial services organisations in located in Frankfurt, Munich and DÜsseldorf.
GIC, established in 1998, is a specialist in sphere of Business Continuity, IT services and consulting, with a focus on international customers of the financial world, especially with sales work places. IXEurope, a leading European provider of IT infrastructure, generates about 50% of its turnover in Germany from solutions in the area of Disaster Recovery / Business Continuity for financial services, major international financial and bank institutions. Both companies are highly active in this market and will now be able to promote these services from five datacenters, located in the major business centres of Frankfurt, Munich and DÜsseldorf.
The economic consequences of a catastrophe are often underestimated. IT failure endangers the successful daytoday operations of a company and at the worst can even threaten its longterm viability. Within the financial services sector this market is growing fast, driven by increased reliance on IT systems and processes and an increasing level of operational regulation such as Basel II and SarbanesOxley legislation. Joint solutions from the services portfolio of IXEurope Ltd. and the GIC are aimed at allowing clients to satisfy these requirements.
"Production risk management for financial services companies plays a vital role today, not only for economic but increasingly now for legal reasons ", underlined Harro Beusker, IXEurope Germany Managing Director. "In Germany, the enterprise is obliged under current legislation to secure the maintenance and access to data essential for the operation of the company. In case a company is not able to confirm the presence of an emergency system, the company's director, deputies and supervisory board may become liable for payment of damages. The demand for welldocumented and regularly tested Business Continuity/Disaster Recovery Solutions is clearly growing in Germany"
"The aim of Business Continuity/Disaster Recovery is, by appropriate measures, not only to eliminate any noticeable interruption in business process but, to put it more precisely, to enable the continuation of business activities in the shortest timeframe possible", said J�rg Rosengart , Director in Frankfurt am Main at GIC.
"In case of emergency our customers can continue their activities from a preconfigured workplace in the Business Continuity Center. Complete office IT and network infrastructure and services are at customers' disposal there. This provides professional working conditions for emergency situations with the highest possible security level."
GIC provides overall IT solutions and is specialized in the sphere of Business Continuity Services. With a team of experienced international ITspecialists the company offers IT consulting and ServiceCentres in Frankfurt and Munich. Clients include some of the World's largest banking institutions.
IXEurope provides outsourced datacenter services and hosted solutions management in four countries UK, Germany, France and Switzerland through its network of IXDatacenters.
IXEurope offers its customers access to flexible outsourced solutions while they maintain overall control of their projects. By continually focusing on quality, IXEurope gives clients cost effective access to expertise and exceptional service levels.
Working in partnership with its solution providers, IXEurope datacenters house IT and networking systems for global enterprises, financial institutions, government agencies and ecommerce companies. IXEurope's investors include Bank of America Equity Partners and European Acquisition Capital. For more information please visit the website at www.ixeurope.com
Forward Looking Statements
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.