Telx Expands Footprint at 111 8th Avenue New York, NY Colocation Facility to Meet Rising Demand for Financial and Cloud Provider Data Center Services

New York - 24 March 2010

50 Percent Increase In Data Center Space Provides Close Proximity to Major New York Exchanges, Delivering Ultra Low Latency Connectivity and Direct Market Access

Key Highlights:
• Telx expands its data center capacity by 21,500 square feet at its 111 8th Avenue facility, considered the premier Financial Services location in the NY Metro area.
• This data center expansion is driven by Telx’s commitment to meeting the requirements of the financial services industry in need of proximity-based colocation services, as well as cloud infrastructure as a service (IAAS) or software as a service (SAAS) providers seeking collocation services to support high performing production applications.

Telx, a leading interconnection and colocation provider in strategic North American markets, today announced that it has expanded of its data center at the 111 8th Avenue facility in New York City. The 50 percent increase in space and new state-of-the-art data center facilities adds 21,500 additional square feet of data center capacity for financial institutions and cloud infrastructure and software providers, offering a direct connection into one of the main fiber optic arteries in New York City— the Hudson Street Ninth Avenue fiber highway.

“Our decision to add more data center capacity to our 111 8th Avenue facility is in response to a sharp increase in demand from our financial services customers and cloud application service providers,” explained Eric Shepcaro, CEO of Telx. “With the expanded footprint, we can immediately meet the latency, proximity, security and services requirements of the most demanding financial services and cloud computing environments.”

With a larger facility, financial firms in need of NY Metro area colocation services can easily leverage secure, direct connections to dozens of markets, exchanges, communities and vendors in a matter of hours, as opposed to weeks. In addition, financial firms can quickly and cost-effectively reach an expanding base of exchanges, broker dealers, capital markets vendors, market data providers, order management vendors, buy-side and sell-side firms in Telx’s expanded NYC data center suites.

“The Telx 111 8th Avenue facility has become one of our primary Points of Presence (PoP) growth locations in the New York metro area thanks to its low-latency connectivity and resiliency,” said Jeffrey Britell, director of Network Planning, IPC Systems. “Telx has built a high-value ecosystem for the financial services industry, and their expansion of the 8th Avenue facility will enable them to provide even more connectivity choice to their customers.”

111 8th Avenue is one of the most important high-tech addresses in the world due to its strategic location atop one of the main fiber optic arteries in New York City, the Hudson Street Ninth Avenue fiber highway. Telx’s data center suites in this location are in high demand by telecommunications, enterprise and financial Services companies in need of low-cost options, speed to market and latency critical proximity. In addition, with its robust ecosystem of service providers and enterprises, the 111 8th Avenue data center suites are optimal for secure enterprise cloud infrastructure as a service (IaaS) and Software as a Service (SaaS) environments.

The additional space at 111 8th Avenue will include Telx’s industry-leading security, high-density power and cooling systems, including fully integrated HVAC, to ensure optimal reliability and up-time for customers.

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