Greater GTT Presence Gives CoreSite's Vertical Ecosystem Communities Expanded Interconnection OpportunitiesDENVER, Nov. 05, 2012 /PRNewswire via COMTEX/ --CoreSite Realty Corporation (NYSE: COR), a national provider of powerful, network-rich data centers, today announced that Global Telecom & Technology (GTT) has agreed to extend its backbone network into ten CoreSite data centers. GTT provides one of the world's most extensive networks across North America, Europe, and Asia and this significant upgrade will provide CoreSite customers new opportunities to access diverse business ecosystems through increased interconnection resources.
GTT utilizes its own network assets, including private, optical long-haul networks and highly scalable IP networks, extended through network partners, to provide customers worldwide with innovative connectivity solutions through its Network as a Service proposition. These solutions include Ethernet transport, nLayer IP Transit, cloud connectivity, collaborative networking, and global peering. This expanded relationship with CoreSite gives GTT customers access to CoreSite's extensive mesh of interconnection for the networking and cloud communities and it provides CoreSite's customers access to GTT's increased network footprint resulting in improved solutions for redundancy and resiliency.
As a result of the network upgrade into the new data centers, GTT will peer on Any2, the nation's second largest peering exchange, operated by CoreSite. GTT will also provide seamless access to CoreSite's Open Internet Exchange, including connections to AMS-IX, DE-CIX, and NYIIX through CoreSite locations.
"Providing our customers with diverse, extended interconnection opportunities is critical," said Brian Warren, Vice President of Product Management at CoreSite. "We are building relationships across CoreSite's network-centric computing platform with top network providers such as GTT to bring our customers best-in-class networking solutions."
"We believe that CoreSite provides the optimal, resource to help us extend our network footprint and connect to our customers," said Richard Calder, Jr., GTT President and CEO. "We are pleased to significantly upgrade our presence, reaching CoreSite's growing customer base and robust ecosystems. CoreSite's network-centric computing platform provides the diversity and resiliency that we need to effectively grow our business."
CoreSite Realty Corporation (NYSE: COR) is a national provider of data center products and interconnection services. More than 750 customers such as Global 1000 enterprises, communications providers, cloud and content companies, financial firms, media and entertainment, healthcare, and government agencies choose CoreSite for the confidence that comes with customer-focused data center products, service and support systems, and scalability. CoreSite's network-centric computing platform is a business catalyst, featuring the Any2 Internet exchange and network ecosystems, which include access to 225+ carriers and service providers and a growing mesh of more than 15,000 interconnections. The company features a diverse colocation offering from individual cabinets to custom cages and private suites, with 14 data center locations in nine major U.S. markets. For more information, visit www.CoreSite.com.
About Global Telecom & Technology
GTT is a global network operator delivering managed data services to large enterprise, government and carrier customers in over 80 countries worldwide. GTT provides customers with innovative connectivity solutions by utilizing our own network assets - linking over 100 Points of Presence across North America, Europe and Asia - and extending them through our 800 partners worldwide. Our Network as a Service proposition delivers flexible, reliable and scalable network infrastructure, capable of both public and secure private networking. We simplify network deployment by removing the complexity of multi-vendor solutions while offering the cost efficiencies of a single partner. For over 14 years GTT has provided world class project management, rapid service implementation and global 24/7 end-to-end solution monitoring and support. GTT is headquartered in the Washington, DC metro region with offices in London, Dusseldorf and Denver. For more information visit the GTT website at www.gt-t.net.
Forward Looking Statements
This earnings release and accompanying supplemental information 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 our 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.