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Jay Adelson and Al Avery founded Equinix, Inc. on June 22, 1998. Their idea was to provide physical interconnection between networks on the internet through a neutral party which they called Neutral Internet Exchange (NIX). The founders guiding principles were equality, neutrality and eliminating the middle man with a vision to unite major networks and interconnect content companies. The first IBX Data Center was opened in Ashburn Virginia on July 27, 1999.<ref>[http://www.equinix.com/company/history/ Equinix History]</ref>
Jay Adelson and Al Avery founded Equinix, Inc. on June 22, 1998. Their idea was to provide physical interconnection between networks on the internet through a neutral party which they called Neutral Internet Exchange (NIX). The founders guiding principles were equality, neutrality and eliminating the middle man with a vision to unite major networks and interconnect content companies. The first IBX Data Center was opened in Ashburn Virginia on July 27, 1999.<ref>[http://www.equinix.com/company/history/ Equinix History]</ref>
==Company Growth & Expansion==
In order to attract networks, Equinix management used "match making" with content companies. AT & T and UUNet were the first two major networks interconnected using IBX Data Center, seven major companies followed and established a Point of Presence (PoP) in the company's data centers between 1999-2000. By August 2000, Equinix Initial Public Offering (IPO) raised over $270 million.<ref>[http://www.equinix.com/company/history/ Equinix History]</ref>
On December On Dec. 31, Equinix acquired i-STT, a subsidiary of Singapore Technologies Telemedia which provides internet infrastructure services and Pihana Pacific, a data hosting and Web connection centers operator in Honolulu. <ref>
[http://www.bizjournals.com/pacific/stories/2002/12/30/daily59.html Pacific Business News]</ref>
==References==
==References==
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