|By Business Wire||
|August 27, 2014 06:00 AM EDT||
CoreSite Realty Corporation (NYSE:COR), a provider of secure, reliable, high-performance data center solutions, today announced that SummitIG, a custom network solutions and bandwidth infrastructure provider in northern Virginia, will offer dark-fiber network connectivity to CoreSite’s campus in Reston, VA.
SummitIG develops unique dark-fiber routes throughout northern Virginia using underground rights of way that have not been previously developed by other carriers. SummitIG owns, operates and maintains its network, which enables flexible, secure and scalable customized connectivity solutions for its customers.
“Over the past several months we have been approached by several enterprise customers about our ability to connect to CoreSite’s Reston data center campus,” said Bill Cook, CEO, SummitIG. “We see differentiated value for our business in serving CoreSite’s Reston campus driven by the first-class reliability and security of the facilities, robust collection of enterprise, cloud and network customers, and CoreSite’s commitment to delivering an excellent customer experience. We are pleased to be able to offer service into CoreSite’s campus and to continue to scale our business.”
CoreSite has been serving customers in northern Virginia since 2007 at its 262,700-square-foot “VA1” facility, which now hosts more than 126 enterprise, cloud and network customers. CoreSite is adding 198,000 square feet of data center space to its Reston campus with the “VA2” facility, set to open in late 2014, bringing CoreSite’s footprint at the location to over 460,000 square feet. VA2 will support CoreSite’s continued growth in the market, serving customer requirements from a single cabinet to custom, dedicated suites.
“CoreSite strives to create an ecosystem within each of our data centers that enables easy interconnection between networks, cloud providers and enterprises,” said Brian Warren, SVP Marketing and Product, CoreSite. “We are looking forward to SummitIG’s deployment in our Reston campus because it will broaden our customers’ ability to establish these connections due to its expansive dark-fiber network and presence in key facilities throughout northern Virginia.”
For more information on CoreSite’s northern Virginia market, visit: http://www.coresite.com/locations/northern-virginia-washington-dc.
CoreSite Realty Corporation (NYSE:COR) delivers secure and reliable data center solutions across eight key North American markets. More than 800 of the world’s leading enterprises, carriers and mobile operators, content and cloud providers and media and entertainment companies choose CoreSite to connect, protect and optimize their performance sensitive data, applications and computing workloads. Our flexible, high-performance products and 350+ dedicated employees consistently deliver unmatched, scalable data center options -- all of which leads to a best-in-class customer experience. For more information, visit www.CoreSite.com.
Dulles, Virginia-based SummitIG provides custom network solutions and bandwidth infrastructure services using its dense and unique fiber-optic network located throughout key markets in Virginia. The company specializes in dark-fiber connectivity for data center, carrier, and enterprise customers, giving them strategic alternatives, unique routes, and greater flexibility to control their own networks. For more information about SummitIG, please visit www.summitig.com.
This press release may contain forward-looking statements within the meaning of the federal securities laws. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. In some cases, you can identify forward-looking statements by the use of forward-looking terminology such as "believes," "expects," "may," "will," "should," "seeks," "approximately," "intends," "plans," "pro forma," "estimates" or "anticipates" or the negative of these words and phrases or similar words or phrases that are predictions of or indicate future events or trends and that do not relate solely to historical matters. Forward-looking statements involve known and unknown risks, uncertainties, assumptions and contingencies, many of which are beyond CoreSite's control, that may cause actual results to differ significantly from those expressed in any forward-looking statement. These risks include, without limitation: the geographic concentration of CoreSite's data centers in certain markets and any adverse developments in local economic conditions or the demand for data center space in these markets; fluctuations in interest rates and increased operating costs; difficulties in identifying properties to acquire and completing acquisitions; significant industry competition; CoreSite's failure to obtain necessary outside financing; CoreSite's failure to qualify or maintain its status as a REIT; financial market fluctuations; changes in real estate and zoning laws and increases in real property tax rates; and other factors affecting the real estate industry generally. All forward-looking statements reflect CoreSite's good faith beliefs, assumptions and expectations, but they are not guarantees of future performance. Furthermore, CoreSite disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, of new information, data or methods, future events or other changes. For a further discussion of these and other factors that could cause CoreSite's future results to differ materially from any forward-looking statements, see the section entitled "Risk Factors" in CoreSite's most recent annual report on Form 10-K, and other risks described in documents subsequently filed by CoreSite from time to time with the Securities and Exchange Commission.
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