April 27, 2010
Paladyne Systems Leverages Equinix to Extend Global Reach of Its Application Service Provider Solution
FOSTER CITY, CA, NEW YORK, NY and LONDON, UK— April 27, 2010 — Equinix, Inc. (Nasdaq: EQIX), a provider of global data center services, and Paladyne Systems, Inc., a leading solutions provider to the global hedge fund industry, today announced the deployment of Paladyne's technology platform into Equinix's LD4 International Business Exchange™ (IBX® data center, London, United Kingdom. Building on its solid footprint in the U.S. with Equinix, Paladyne is extending its Paladyne ASP™ (Application Service Provider) offering into the London metro region to better serve a growing European client base. The recent deployment represents Paladyne's expansion into a third key metro area leveraging Equinix data center services.
Paladyne provides a hosted ASP technology platform capable of supporting the front-, middle- and back-office requirements of the global hedge fund community. The Paladyne ASP solution offers a fully managed IT service, 24x7 technical and product support, hardware, product upgrades and quality assurance, mirrored (“hot site”) disaster recovery, all at a low total cost of ownership. Paladyne offers its hedge fund technology platform to the business ecosystem of financial companies operating at Equinix data centers throughout the world.
“Our clients rely on the Paladyne ASP offering to run their mission-critical business applications, making it imperative for us to select the right data center operator to support our global client base,” said Christian Robertson, COO of Paladyne Systems. “We are confident that we can continue to support our rapidly-growing business by leveraging Equinix's global services delivery platform that spans the globe.”
Paladyne also will have immediate access to the ecosystem of financial trading companies operating at Equinix, including execution venues, buy- and sell-side firms, market data providers, technology providers and financial networks, that locate operations within Equinix data centers in order to benefit from a high-performance, low latency connectivity infrastructure.
“We are delighted to work with one of the leading hedge fund solutions providers in the marketplace,” said John Knuff, General Manager of Equinix Financial Services. “We are pleased to enable Paladyne to be �across the aisle' from some of the top exchanges that reside within our Financial Services community, providing them the ability to optimize the performance of their ASP solution.”
About Equinix In The Global Financial Markets
Equinix provides a neutral meeting place for the world's leading financial market participants including trading venues, buy and sell side firms, market data providers, technology providers and financial networks; that locate servers and infrastructure within Equinix data centers in order to support highly reliable, low latency connectivity for a broad range of market participants. Learn more at: http://financial.equinix.com.
Equinix, Inc. (Nasdaq: EQIX) provides global data center services that ensure the vitality of the information-driven world. Global enterprises, content and financial companies, and network service providers rely upon Equinix's insight and expertise to protect and connect their most valued information assets. Equinix operates 51 International Business Exchange™ (IBX®) and partner data centers across 19 markets in North America, Europe and Asia-Pacific.
Important information about Equinix is routinely posted on the investor relations page of its website located at www.equinix.com/investors. We encourage you to check Equinix's website regularly for the most up-to-date information.
About Paladyne Systems
Paladyne Systems, Inc. (www.paladyne.com), a leading provider of technology and services to the global hedge fund community, develops and distributes products designed to streamline hedge fund operations while providing business efficiency and cost savings throughout the organization. Paladyne offers a fully-hosted technology platform known as the PALADYNE® suite which is capable of supporting the front- to back-office requirements of today's most comprehensive hedge funds and their service providers. The PALADYNE® suite is an integrated set of applications including: trading and order management, portfolio management, loan management, portfolio accounting, global security master, risk management, data warehousing and custom reporting, pricing and valuation, and automated reconciliation.
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 companies we have acquired or will acquire into Equinix; a failure to receive significant revenue from customers in recently built out or acquired 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; 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. International Business Exchange is a trademark of Equinix, Inc.