With eight data centres in the UK, France, Germany and Switzerland, the company's unaudited trading performance for the six months to 30 June 2005 shows revenues have increased by 47% to 15.3 million (2004 H1: 10.4m). Over 80% of revenue derived from recurring service contracts. Significant new contracts have been secured including GLTrade, Global Equities and a major US bank. The company has also acquired the German business continuity company GIC.

Interoute, the voice and data network operator, has entered into an agreement with VIA NET.WORKS, a provider of business communication solutions to small and medium-sized enterprises, to acquire all of the company's operations in Europe. Under the terms of the agreement, Interoute will acquire all VIA NET.WORKS operations in Spain, France and Germany, in addition to all of its PSINet Europe operations in Germany, France, Belgium, Netherlands and Switzerland.

Ripplewood Holdings, LLC, a private equity firm, has made a significant investment in Last Mile Connections (LMC), a carrier-neutral colocation and bandwidth exchange provider. LMC, a privately- owned company servicing over 160 members, plans on investing the additional funding into operational support systems, and to test market and further deploy its two latest client offerings, the National Telecommunications Alliance(SM)(NTA), a programme focused on expanding the footprint of competitive local networks, and the LMC Exchange(SM), an online bandwidth exchange auction.

Equinix has announced an agreement to acquire its flagship Washington, D.C. area data center campus in Ashburn, Virginia for $53.0 million. The company also announced that it expects to close the sale-leaseback of its newly- acquired Los Angeles area data center within 30 days, ahead of its previously announced target of year-end. Equinix's flagship Internet Business Exchange (IBX) center in Ashburn is part of a 32.6 acre campus that totals 461,700 square feet located in the Dulles Corridor that is home to many of the region's technology companies.

Artful, a provider of managed hosting services in France, recently announced that it has joined the Claranet Group, Europe's private provider of IP services. With over 180 000 business customers and revenues in excess of 120 millions Euros across 7 countries, Claranet strengthens its position as a European leader in IP services and particularly in outsourced managed hosting. Founded in 1997 Artful, based in Rennes, has become a leader in managing business critical hosted applications covering databases, intranets, extranets, web sites and enterprise systems including Citrix and Oracle.

First quarter revenues, essentially all of which were comprised of Fibre Channel products, rose 43% from a year ago to $104.4 million. First quarter non-GAAP net income rose by 156% from the comparable year-ago results, to $24.3 million, or $0.27 per diluted share. First quarter GAAP net income increased by 15% from a year ago to $16.4 million, or $0.19 per diluted share. A reconciliation between GAAP and non-GAAP results is included in the accompanying financial data.