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Telx Group is a data center colocation and interconnection provider based in New York City. Founded in 2000, [1] the company's original operation model was based on the recognition that telecommunications carriers with Points of Presence (PoPs) at 60 Hudson Street in New York City required a network-neutral alternative to procuring local loops within the building for connectivity. The establishing of these interconnections, or cross-connections, between service providers, would later prove to be Telx's most valuable asset when transitioning to a data center colocation company.
Early Growth
editIn 2002 [2] the company expanded within 60 Hudson Street from the 23rd floor to the 9th floor, and by the middle of 2003, the company had over 100 service provider and telecommunications customers in their 60 Hudson Street, NY core interconnection facility. To date, the data center facility at 60 Hudson [3] remains Telx's flagship location, even as the company has expanded to include a total of 15 U.S. data center locations.
Surviving the changes in the telecommunications industry in the early 2000's, [4] Telx began to look outside the Metro New York area at other locations to build data center and interconnection suites. These sites were evaluated strategically, based on location of Internet pipelines within the area. Telx acquired the principal colocation center in Atlanta, GA located at 56 Marietta Street. Telx transformed the building into another Core Interconnection Facility by creating a "Meet Me Room" (or Carrier Hotel)[5] to facilitate customer interconnections. At the end of 2004, Telx spearheaded a relief effort [6] to help the victims of the tsunamis in Southeast Asia, enlisting other telecommunications companies to join them.
GI Partners Acquisition and Digital Realty Trust Partnership
editBy the time GI Partners acquired The Telx Group in November 2006 [7] the company had over 400 customers. In October 2006, Telx launched its enterprise peering service at the newly-expanded 60 Hudson St. location [8]. In 2006, Digital Realty Trust, owner and manager of technology-related real estate, and Telx entered into an agreement [9] whereby Telx would own and manage the interconnection facilities in ten Digital Realty Trust facilities in the United States. Telx acquired NYC Connect's interconnection suites at 111 8th Avenue, NYC in March of 2007[10].
Financial Business Exchange
editIn 2008, Telx continued to invest in expanding its core interconnection facilities into key markets by adding 70,000 square feet of new space in Dallas, and Clifton, New Jersey. In 2009, Telx was managing nearly 500, 000 square feet of space. Proving its solutions beneficial to the financial industry, Telx and ACTIV Financial partnered to offer highly secure, low-latency market data and colocation services, and ISE and Direct Edge announced the selection of Telx for Data Center services at 100 Delawanna Avenue, Clifton, NJ. Financial service providers found value in Telx's service provider ecosystem built into its two New York City locations, as well as locations in Chicago and New Jersey. In October 2009, Telx launched its Financial Business Exchange (FBX), a new exchange service devoted to providing proximity to the interconnected capital markets community, through its data centers at 111 8th Avenue in New York City, 100 Delawanna Avenue in Clifton, N.J., 350 East Cermak Road in downtown Chicago, and 200 Paul Street in San Francisco. This was Telx's first attempt at building out industry-specific services, and was later replicated for cloud computing customers using the same interconnection approach.
Telx Files S-1
editOn March 19, 2010, Telx Group officially filed an initial public offering (IPO), in which it planned to raise up to $100 million [11]. The company said it intended to use the money to accelerate the growth of its business through expanding and upgrading its data centers, and possibly acquisitions. At the time of this article, the company is still in the IPO process and has not yet begun trading.
Telx U.S. Locations:
editAtlanta, Georgia Charlotte, North Carolina Chicago, Illinois (2 locations) Clifton, New Jersey Dallas, Texas (2 locations) Los Angeles, California Miami, Florida New York, New York (2 locations) Phoenix, Arizona San Francisco, California Santa Clara, California Weehauken, New Jersey
References
edit- ^ "Renaissance Capital IPO Home," "[1]", 3/18/10
- ^ "TelX Tests TeraBurst," "[2]", 5/18/10
- ^ "Telx Expands at 60 Hudson Street in NYC," "[3]", 9/8/06
- ^ "TelX Net Income to Go Positive," "[4]", 9/23/03
- ^ "What is a Carrier Hotel?" "[5]", 11/20/06
- ^ "Telx Sets Up Tsunami Relief Fund," "[6]", 12/30/04
- ^ Rich Miller, "GI Partners Buys telx, 56 Marietta," "[7]", 11/22/06
- ^ "Telx Launches Enterprise Peering Facility in New York," "[8]", 10/9/2006
- ^ Rich Miller, "Telx To Manage Digital Realty Meet-Me-Rooms," "[9]", 11/27/06
- ^ Rich Miller, "Data Center Knowledge," "[10]", 3/23/2003
- ^ "The Telx Group files for IPO up to $100 million," "[11]", 3/18/10