Telx Expands Again

Telx’s growth spurs second New York City expansion within a month

June 6, 2008

2 Min Read

NEW YORK -- Telx, the Interconnection Company, today announced at the company’s Customer Business Exchange (the CBX), it has acquired additional space in New York, N.Y. This announcement is in addition to the recent acquisition of an additional 5,300 square feet of space at 60 Hudson Street. The facility at 111 8th Avenue in New York City is considered one of the primary communications buildings in the market. This expansion highlights the continuing demand from companies in both the financial sector and the traditional service providers market, for reliable and secure colocation and interconnection services.

The acquisition of more than 5,000 square feet of space or 330 cabinet equivalents at 111 8th Avenue, together with the recent announcement of additional space at 60 Hudson Street, provides Telx with nearly 50,000 square feet of colocation and interconnection space or 2,000 cabinet equivalents in the New York market. This solidifies Telx’s position as one of the market leaders in colocation and interconnection in New York City. In addition, with their recent announcement of the company’s Metro Cross-Connect service, customers colocated in meet me rooms at either 111 8th Avenue or 60 Hudson Street now have the ability to interconnect to one-another within the same metro market.

Telx’s business has experienced substantial growth in the first quarter of 2008 and is forecasting year-over-year revenue growth in excess of 40%. Key contributing factors are the growing number of existing customers expanding into multiple Telx facilities, as well as the addition of 27 new customers in the first quarter of 2008. The company also completed 1,300 cross connections during the same time period.

“Telx has long been a leader in interconnection and colocation in New York,” stated Eric Shepcaro, CEO and Chairman of Telx. “I am proud to say that Telx now has a larger footprint in the two most prominent carrier hotels in New York. Telx also has additional plans to expand in the New York/New Jersey metro markets; there is no doubt that our interconnection value proposition has increased substantially providing a greater benefit to Telx customers across all of our facilities.”

Telx Group Inc.

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