In addition, CoreSite was once again validated as SOC 1 Type 2 and PCI DSS compliant and is actively engaged in pursuing ISO certification
DENVER--(BUSINESS WIRE)--Oct. 13, 2015-- CoreSite Realty Corporation (NYSE: COR), a premier provider of secure, reliable, high-performance data center solutions across the U.S., today announced the company has completed the following annual examinations for its 16 multi-tenant data centers:
CoreSite has completed SOC 1 Type 2 and PCI DSS examinations for several years, but this is the first year CoreSite has participated in the SOC 2 Type 2 validation process. SOC 2 Type 2 and PCI DSS are measured using a standardized set of controls, and SOC 1 Type 2 is measured against company-defined controls. All three examinations were conducted by BrightLine, a licensed CPA firm and QSA. CoreSite is committed to completing all three of these examinations in future years, and is also in the process of completing ISO certification throughout its portfolio of multi-tenant facilities.
SOC 1 and SOC 2 are attestation standards issued by the American Institute of Certified Public Accountants (AICPA). They provide CoreSite customers with the assurance of corporate controls, including security, environmental compliance, and operational excellence. Companies that are compliance-sensitive and may require SOC 1 or SOC 2 examination reports include publicly traded enterprises, financial firms, and healthcare organizations.
The PCI Data Security Standard is a comprehensive set of standards that requires any merchant or service provider that stores, processes or transmits customer payment card data to adhere to strict information security controls and processes. As a provider of colocation services to merchants, CoreSite has proactively met this requirement for its business in support of the PCI compliance needs of its customers.
CoreSite data center controls enable customers to meet a wide variety of United States regulatory requirements, such as HIPAA and FIMSA. Working with its current certifications and specific customer needs, CoreSite has enabled its customers to achieve a high level of certification within its data centers in all of these areas.
CoreSite Realty Corporation (NYSE:COR) delivers secure, reliable, high-performance data center solutions across eight key North American markets. More than 800 of the world’s leading enterprises, network operators, cloud providers, and supporting service providers choose CoreSite to connect, protect and optimize their performance-sensitive data, applications and computing workloads. Our scalable, flexible solutions and 350+ dedicated employees consistently deliver unmatched data center options — all of which leads to a best-in-class customer experience and lasting relationships. For more information, visit www.CoreSite.com.
Forward Looking Statements
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.