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Technology Stocks : Exodus Communications, Inc. (EXDS)

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To: D.B. Cooper who wrote (2080)5/10/2000 9:49:00 AM
From: D.B. Cooper  Read Replies (1) of 3664
 
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Wednesday May 10, 8:32 am Eastern Time
Company Press Release
Exodus Opens New Internet Data Center in Toronto, Canada
Company Expands North American Presence
SANTA CLARA, Calif.--(BUSINESS WIRE)--May 10, 2000--Exodus Communications(TM), Inc. (NASDAQ: EXDS - news), a leader in complex Internet hosting and managed services, today announced it has opened an Internet Data Center (IDC) in Toronto, Canada. The Toronto IDC is part of the continued expansion of Exodus'© network of world-class IDC facilities in major metropolitan areas to support complex Internet hosting worldwide. Exodus is currently expanding its operations and by the end of this year plans to have 36 sites in North America, Europe and Asia Pacific, representing a total of more than 3.9 million gross square feet of Internet Data Center space.

``With each new IDC, Exodus continues to enhance its position as a leader in the Web hosting market,'' said Ellen M. Hancock, president and CEO of Exodus. ``The aggressive expansion of our IDC network, combined with our growing roster of managed and professional services, positions Exodus to meet continued worldwide customer demand for premier hosting services.''

In the first quarter of 2000, Exodus added 545 new IDC customers, bringing its total to more than 2,800 companies worldwide. According to a recent report from International Data Corporation, the Web hosting market is expected to grow from $1.8 billion in 1999 to $17.6 billion by 2003. International Data Corporation also reported in an April 2000 bulletin that Exodus is the top U.S.-based hosting service provider, leading the industry in Web hosting market share. With the largest global network of Internet Data Centers and its aggressive plans for growth in the coming year, Exodus is positioned to extend its leadership in the Web hosting market.

Toronto Internet Data Center

This 160,000 gross square-foot facility is Exodus' first Canadian IDC. Exodus provides a variety of services to help ensure that its customers' mission-critical Internet operations are always available and secure. The company has certified system administrators and network professionals to manage Internet systems for peak performance, 24 hours a day, seven days a week. Exodus also provides customers with access to Internet systems management expertise, critical for providing reliable Internet services and quickly expanding Internet capabilities. Exodus IDCs provide complex Internet hosting services and enterprise-class systems management for companies deploying mission-critical Internet operations, offering a range of benefits including:

High Performance: Exodus customers benefit from unsurpassed availability, reliability and redundancy through a high-speed network design, 24x7 system monitoring, diagnosis and problem resolution, and content distribution technology.

Scalability: Exodus is positioned to meet customer needs for increased hosting space, bandwidth and managed and professional services.

Security: End-to-end electronic and physical security measures are in place to protect customers' data, applications and systems.

biz.yahoo.com

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