Thorough external evaluation confirms operational excellence in security and environmental controls provided to data center customers by CoreSite
Denver, CO – August 06, 2013 – CoreSite Realty Corporation (NYSE:COR, news, filings), a national provider of powerful, network-rich data centers, today announced the company has completed Statement on Standards for Attestation Engagements (SSAE) 16 Type 2 examinations covering all 14 operational data centers across the United States. SSAE 16 provides CoreSite data center customers with assurance of corporate controls, including security and environmental compliance, and validation of CoreSite's commitment to the most stringent standards of operational excellence. BrightLine, a licensed CPA firm, conducted the CoreSite SSAE 16 examinations over the twelve-month period that ended June 30, 2013. CoreSite is committed to performing the SSAE 16 examination in future years.
SSAE 16 is an attestation standard issued by the American Institute of Certified Public Accountants (AICPA) that reports on CoreSite controls supporting the services provided to customers. CoreSite management developed internal control objectives to support first-class data center management services that were used to complete the examination. Companies that are compliance-sensitive and may require an SSAE 16 include publicly-traded enterprises, financial firms, and healthcare organizations. The SSAE 16 examination report includes management's description of CoreSite's systems and the suitability of the design and operating effectiveness of the controls. Further, the report contains a written assertion from management regarding the systems and a service auditor's opinion letter.
CoreSite's data centers in Silicon Valley, Los Angeles, Chicago andNorthern Virginia will provide NTT Communications with access to the CoreSite Mesh, including more than 750 national and international carriers, cloud computing providers, networks, content and service providers, financial trading firms, CDNs and systems integrators.
"NTT Communications operates one of the world’s largest Tier-1 global networks," said Jarrett Appleby, COO, CoreSite. "Today’s announcement brings tremendous value to our ecosystem of customers. It delivers direct access to NTT Communications' network through four of our key data center campuses and increases the global connectivity options available to customers across the CoreSite Mesh."
CoreSite Realty Corporation (NYSE: COR) is the data center provider chosen by more than 750 of the world's leading carriers and mobile operators, content and cloud providers, media and entertainment companies, and global enterprises to run their performance-sensitive applications and to connect and do business. CoreSite propels customer growth and long-term competitive advantage through the CoreSite Mesh by connecting the Internet, private networking, mobility, and cloud communities within and across its 14 high-performance data center campuses in eight markets in North America. With direct access to 275+ carriers and ISPs, over 180 leading cloud and IT service providers, intersite connectivity, and the nation's first Open Cloud Exchange that provides access to thousands of lit buildings and multiple key cloud on-ramps, CoreSite provides easy, efficient and valuable gateways to global business opportunities. For more information, visit www.CoreSite.com.
CoreSite Media Contact
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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.