Denver, CO – October 16, 2023 – CoreSite, a leading hybrid IT solutions provider and subsidiary of American Tower Corporation (NYSE: AMT) (“American Tower”), announced it will launch valuable enhancements to its CoreSite Open Cloud Exchange® (OCX), the company’s leading software-defined networking platform, to deliver faster AWS Direct Connect Hosted Connections of up to 50 gigabits per second (Gbps). The new OCX capabilities will further enable businesses to support the next wave of high-bandwidth, low-latency hybrid applications such as artificial intelligence (AI), machine learning (ML) and digital media production.
AWS Direct Connect is a networking service that provides an alternative to using the internet to connect to Amazon Web Services (AWS). Using AWS Direct Connect, data that would have previously been transported over the internet is delivered through a private network connection between a customer’s facilities and AWS. Leveraging the 25G and 50G Hosted Connections, businesses will be able to ensure smooth and reliable data transfers at massive scale for real-time analysis, rapid data processing or broadcast media processing. Businesses deploying complex, data-intense workloads will also benefit from the simplified process offered through the OCX to rapidly scale network capacity between the enterprise edge and cloud providers. The OCX capabilities will allow clients to effortlessly scale their network to meet current and future business needs while reducing their operating expenses.
“As businesses look to AI and other data-intense applications to gain competitive edge, they need a platform capable of supporting high-density power, high-performance compute and low-latency cloud interconnection,” said Juan Font, President and CEO of CoreSite, SVP of U.S. Tower. “We are delighted to be working with AWS to deliver faster virtual connections to our customers to enable them to compete in today’s always-on digital economy.”
The new Open Cloud Exchange capabilities on AWS will be available in Q4 2023.
CoreSite, an American Tower company (NYSE: AMT), provides hybrid IT solutions that empower enterprises, cloud, network, and IT service providers to monetize and future-proof their digital business. Our highly interconnected data center campuses offer a native digital supply chain featuring direct cloud onramps to enable our customers to build customized hybrid IT infrastructure and accelerate digital transformation. For more than 20 years, CoreSite’s team of technical experts has partnered with customers to optimize operations, elevate customer experience, dynamically scale, and leverage data to gain competitive edge. For more information, visit CoreSite.com and follow us on LinkedIn and Twitter.
This press release contains statements about future events and expectations, or “forward-looking statements,” all of which are inherently uncertain. We have based those forward-looking statements on management’s current expectations and assumptions and not on historical facts. These forward-looking statements involve a number of risks and uncertainties. For important factors that may cause actual results to differ materially from those indicated in our forward-looking statements, we refer you to the information contained in Item 1A of American Tower’s Form 10-K for the year ended December 31, 2022, as updated in its Form 10-Q for the six months ended June 30, 2023, each under the caption “Risk Factors” and in other filings American Tower makes with the Securities and Exchange Commission. Neither we nor American Tower undertake any obligation to update the information contained in this press release to reflect subsequently occurring events or circumstances.
Vice President of Marketing and Sales Development