DENVER - March 26, 2014 - CoreSite Realty Corporation (NYSE:COR, news, filings), a provider of secure, reliable, high-performance data center solutions, today announced that Pacnet, a provider of integrated network and technology solutions in the Asia-Pacific region, is delivering 100 Gigabits per second (Gbps) services to customers at CoreSite’s Los Angeles data center campus, including One Wilshire, to connect the U.S. to its Asia-Pacific network.
Pacnet has upgraded its trans-Pacific and Asia subsea cable network to 100Gbps to address the growing demand for bandwidth services throughout the U.S. and Asia-Pacific region. Through Pacnet, CoreSite’s customers have the ability to connect to diverse carriers and gain high-capacity subsea cable access without purchasing backhaul to a landing station.
“We are pleased to expand our relationship with Pacnet and present our customers with higher bandwidth solutions and flexible connectivity options across the Pacific,” said Tom Ray, CEO at CoreSite. “As Internet traffic between the U.S. and Asia continues to increase, CoreSite customers can connect to a direct route to Asia, leveraging CoreSite’s capabilities as the leading gateway connecting the US across the Pacific.”
Pacnet is the first carrier to provide 100Gbps services between the U.S. and Asia in an effort to support customers that require increasingly higher bandwidth solutions. This expansion is critical to the digital content companies, carriers, and large enterprises looking to direct connectivity to the Asia Pacific region.
“The 100Gbps bandwidth upgrade allowed us to roll out the Pacnet Enabled Network, a software-defined networking platform, at our interconnected data centers,” said John Garrett, President of Carrier Services, Pacnet. “CoreSite provides us with an access point to bring the innovative SDN platform to enterprise and carrier customers in the U.S., enabling them to self-provision scalable, private networks on demand and in minutes.”
CoreSite’s LA campus hosts the largest network community on the West Coast, with more than 375 customers, including domestic and international carriers, media and entertainment firms, cloud computing providers, social networking sites, gaming companies and enterprise customers.
CoreSite Realty Corporation (NYSE:COR) delivers secure and reliable data center solutions across eight key North American markets. CoreSite connects, protects and delivers an optimal performance environment and continued operation of mission-critical data and IT infrastructure for enterprises and Internet, private networking, mobility, and cloud service providers. CoreSite's scalable platform of over two and a half million square feet of efficient, network-dense, cloud-enabled data center capacity enables customers to accelerate business performance, reduce operating costs and increase flexibility across their IT and communications systems. CoreSite's 350 professionals deliver best-in-class service by placing customer needs first in supporting the planning, implementation and operating requirements foundational to delivering reliable, secure and efficient IT operating environments.
More than 750 of the world’s leading enterprises, carriers and mobile operators, content and cloud providers and media and entertainment companies choose CoreSite to connect, protect and optimize their performance-sensitive data, applications and computing workloads. CoreSite provides valuable gateways to global business opportunities with direct access to more than 275 carriers and ISPs, inter-site connectivity and CoreSite's Open Cloud Exchange, which supports rapid, efficient and scalable Ethernet access to multiple key public clouds, enabling simple, flexible, multiple-cloud capabilities.
For more information, visit www.CoreSite.com.
Pacnet is Asia-Pacific’s leading provider of managed data connectivity solutions to major telecommunications carriers, large multinational enterprises and government entities in the Asia-Pacific region. Ownership of the region’s most extensive high-capacity submarine cable systems with over 46,000 km of fiber and connectivity to interconnected data centers across 14 cities in the Asia-Pacific region gives Pacnet unparalleled reach to major business centers in key markets including China, India, Japan and the United States. Combined with a comprehensive set of managed network and value-added data center services, its assets and experience in the region have helped Pacnet service large businesses worldwide including Fortune 500 companies. Pacnet is headquartered in Hong Kong and Singapore, with offices in all key markets in the Asia-Pacific region and North America. For more information, please visit: www.pacnet.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 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 its 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.