Whitham joins Digital Realty from Terremark Federal Group where he was Vice President, National Security, a position responsible for sales to federal agencies focused on law enforcement and intelligence. Whitham has also worked for Sprint Government Systems in its Department of Defense and intelligence group. He is a graduate of Wake Forest University.
"Damian is highly respected in the federal data center market. His two decades of experience working with government agencies makes him a great addition to our team," said Brent Behrman, Senior Vice President of Sales at Digital Realty. "With Damian's help, we plan to expand our market share with the federal government, offering its agencies the same value proposition that has been so compelling for our corporate enterprise users."
"The recent federal mandate for agencies to consolidate their data centers is opening up opportunities for Digital Realty to have productive dialogues with them about their IT strategy," said Andrew Schaap, Vice President of Sales at Digital Realty. "This mandate is prompting civilian and defense agencies to closely review their data center strategies and take a fresh approach to their IT infrastructure. Our data center solutions solve significant technical and financial challenges for them and are a highly attractive option for agencies seeking flexible facilities and an operating expense financial structure that is compatible with tightening budgets."
"Digital Realty is one of the best-known brand names in the commercial data center market. My goal is to help build that same level of awareness and success within the federal market," said Damian Whitham. "Digital Realty provides Tier III data center solutions that address significant pain points for federal agencies, including scarce capital for large builds and tighter IT budgets. Those pain points pose unattractive tradeoffs for federal agencies pursuing data center builds or consolidations, which is where Digital Realty can be so helpful with its opex leasing model. Digital Realty can offer federal agencies solutions to consolidate into economical and modern data centers, but without the huge capital outlays involved with capex projects."
About Digital Realty
Digital Realty Trust, Inc. focuses on delivering customer driven data center solutions by providing secure, reliable and cost effective facilities that meet each customer's unique data center needs. Digital Realty's customers include domestic and international companies across multiple industry verticals ranging from information technology and Internet enterprises, to manufacturing and financial services. Digital Realty's 102 properties, excluding three properties held as investments in unconsolidated joint ventures, comprise approximately 19.1 million square feet as ofFebruary 27, 2012, including 2.4 million square feet of space held for redevelopment. Digital Realty's portfolio is located in 31 markets throughout Europe, North America, Singapore and Australia. Additional information about Digital Realty is included in the Company Overview, which is available on the Investors page of Digital Realty's website at http://www.digitalrealty.com.
Safe Harbor Statement
This press release contains forward-looking statements which are based on current expectations, forecasts and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially, including statements related to our plans and strategy regarding the federal data center market. These risks and uncertainties include, among others, the following: the impact of the recent deterioration in global economic, credit and market conditions, including the downgrade of the U.S. government's credit rating; current local economic conditions in our geographic markets; decreases in information technology spending, including as a result of economic slowdowns or recession; adverse economic or real estate developments in our industry or the industry sectors that we sell to (including risks relating to decreasing real estate valuations and impairment charges); our dependence upon significant tenants; bankruptcy or insolvency of a major tenant or a significant number of smaller tenants; defaults on or non-renewal of leases by tenants; our failure to obtain necessary debt and equity financing; increased interest rates and operating costs; risks associated with using debt to fund our business activities, including re-financing and interest rate risks, our failure to repay debt when due, adverse changes in our credit ratings or our breach of covenants or other terms contained in our loan facilities and agreements; financial market fluctuations; changes in foreign currency exchange rates; our inability to manage our growth effectively; difficulty acquiring or operating properties in foreign jurisdictions; our failure to successfully integrate and operate acquired or redeveloped properties; risks related to joint venture investments, including as a result of our lack of control of such investments; delays or unexpected costs in development or redevelopment of properties; decreased rental rates or increased vacancy rates; increased competition or available supply of data center space; our inability to successfully develop and lease new properties and space held for redevelopment; difficulties in identifying properties to acquire and completing acquisitions; our inability to acquire off-market properties; our inability to comply with the rules and regulations applicable to reporting companies; our failure to maintain our status as a REIT; possible adverse changes to tax laws; restrictions on our ability to engage in certain business activities; environmental uncertainties and risks related to natural disasters; losses in excess of our insurance coverage; changes in foreign laws and regulations, including those related to taxation and real estate ownership and operation; and changes in local, state and federal regulatory requirements, including changes in real estate and zoning laws and increases in real property tax rates. For a further list and description of such risks and uncertainties, see the reports and other filings by the Company with the U.S. Securities and Exchange Commission, including the Company's Annual Report on Form 10-K for the year ended December 31, 2011. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
|For Additional Information:|
|A. William Stein||Pamela M. Garibaldi|
|Chief Financial Officer and||Vice President, Investor Relations and|
|Chief Investment Officer||Corporate Marketing|
|Digital Realty Trust, Inc.||Digital Realty Trust, Inc.|
|+1 (415) 738-6500||+1 (415) 738-6500|
SOURCE Digital Realty Trust, Inc.