Denver, CO – June 7, 2011 – CoreSite (NYSE:COR, news, filings), a U.S. provider of powerful, network-rich data centers, today announced a transatlantic, cloud computing-focused data center alliance with INTERXION HOLDING NV (NYSE: INXN), a leading European operator of carrier-neutral colocation data centers. The alliance addresses dual-continent demand from cloud companies looking for data center space in the U.S. and Europe as well as cloud customers of both companies looking to expand internationally. The transatlantic cloud data center alliance reduces the risks and challenges involved with international data center sourcing between the U.S. and Europe with CoreSite and Interxion providing a seamless sourcing process and similar cloud-optimized peering/network access and colocation environments.
A leading information communication technology analysts firm, The 451 Group, expects the cloud computing industry (including SaaS) to grow at a compound annual growth rate (CAGR) of 24%, reaching $16.7B in the year 2013. CoreSite and Interxion address this demand with 1.8 million square feet in key cloud computing markets such as Silicon Valley, Los Angeles, New York, Northern Virginia, Amsterdam, London, Paris, Frankfurt, Dublin and Zurich in addition to other North American and European locations. The companies offer similar cloud-optimized data center design, including carrier-neutral, network-dense colocation environments, abundant power, greater than 99.999% uptime, and advances in energy-efficiency and security. Additional synergies include the companies’ cloud outreach programs, CoreSite’s CloudCommunity and Interxion’s cloud hub program. The cloud outreach programs bring together infrastructure (IaaS), platform (PaaS) and software as a service (SaaS) providers, as well as system integrators and network providers. Both companies also offer cloud test-lab and demo environments in select data centers for cloud providers in pre-launch and enterprises with private clouds in beta.
This alliance will also allow the companies to address transatlantic demand from the digital media and content sectors, which have similar requirements for high availability and well-connected data center environments to facilitate the effective aggregation, management and distribution of real-time, online content. CoreSite and Interxion are both carrier-neutral data center providers, offering direct access to hundreds of connectivity partners, including Tier 1 and Tier 2 network service providers, Internet service providers, Europe’s public Internet exchanges and leading content distribution networks.
“As the market for cloud services continues to grow, companies like Interxion and CoreSite represent an ideal way to reach the highest concentrations of consumers on both sides of the Atlantic. U.S. based customers can now move seamlessly into Europe, extending connectivity and presence across the region,” said David Ruberg, Chief Executive Officer, Interxion. “CoreSite remains focused on cloud computing, facilitating its international development, and capitalizing on the revenue opportunities it presents,” commented Thomas M. Ray, CoreSite President and CEO. “The alliance with Interxion ensures a strong international extension for CoreSite and Interxion cloud customers via an efficient and, seamless international data center expansion process.”
About CoreSite
CoreSite Realty Corporation (NYSE: COR) delivers powerful, network-rich data centers that optimize, secure and interconnect the mission-critical IT assets of the world’s top organizations. 600+ customers, including Global 1000 enterprises, cloud providers, financial firms, and Government agencies, choose CoreSite for reliability, service and expertise in delivering customized, flexible data center solutions. CoreSite offers private data centers and suites, cage-to-cabinet colocation, and interconnection services, such as Any2, CoreSite’s Internet exchange. The company’s portfolio comprises more than two million square feet, including space held for redevelopment and development, and provides access to over 200+ network service providers via 11 data centers in seven key U.S. economic centers. For more information please visit www.coresite.com.
CoreSite Investor Relations Contact
Investor Relations
+1 303.222.7276
InvestorRelations@CoreSite.com
CoreSite Media Contact
Mark Jobson, Marketing Director
+1 303.405.1004
Mark.Jobson@CoreSite.com
About Interxion
Interxion (NYSE: INXN) is a leading provider of carrier-neutral colocation data centre services in Europe, serving over 1,200 customers through 28 data centres in 11 European countries. Interxion’s uniformly designed, energy-efficient data centres offer customers extensive security and uptime for their mission-critical applications. With connectivity provided by 350 carriers and ISPs and 20 European Internet exchanges across its footprint, Interxion has created content and connectivity hubs that foster growing customer communities of interest. For more information please visit www.interxion.com.
Interxion Investor Relations Contact
Jim Huseby
Investor Relations
+1 813.644.9399
Interxion Media Contact
Ali Moinuddin, Marketing Director
+44 207.375.7038
alim@interxion.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 the Company’s control, that may cause actual results to differ significantly from those expressed in any forward-looking statement. These risks include, without limitation: the timely completion of planed construction, geographic concentration of the Company’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; the Company’s failure to obtain necessary outside financing; the Company’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 the Company’s good faith beliefs, assumptions and expectations, but they are not guarantees of future performance. Furthermore, the Company 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 the Company’s future results to differ materially from any forward-looking statements, see the section entitled “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2011 and other risks described in documents subsequently filed by the Company from time to time with the Securities and Exchange Commission.
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