Data center services provider Equinix said Thursday it has launched an $80 million expansion NY4 International Business Exchange (IBX) data center.

“The demand for our data center services in this metropolitan area, particularly in the financial sector, has increased significantly over the last few quarters,” said Pete Ferris, president of Equinix North America. “New York is not only the hub of the North American financial market, but is an important component of the world’s financial ecosystem. Our IBX data centers are built for this demanding set of high availability transaction engines, offering the ability to satisfy local demand while scaling data services to bridge to a global audience.”

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