DENVER--(BUSINESS WIRE)-- CoreSite Realty Corporation (COR), a provider of secure, reliable, high-performance data center solutions, today announced that XO Communications (XO) is advancing its strategy of enabling enterprises with dedicated connectivity to multiple cloud service providers through the CoreSite Open Cloud Exchange. Likewise, CoreSite is focused on bringing together a strong network and cloud community to support the needs of the enterprise and create a highly diverse customer ecosystem.
Enterprises leveraging the CoreSite Open Cloud Exchange along with secure, scalable and reliable XO Internet Protocol Virtual Private Network technology can accelerate their cloud strategies unencumbered by the challenges and risks associated with public Internet access. Through its arrangement with CoreSite, XO enables enterprises to benefit from access to a wide variety of cloud providers and services. XO is interconnected with the CoreSite Open Cloud Exchange on both the East and West Coast.
“Demand for cloud services is growing at a 36 percent compound annual growth rate through 2016,” said Nicola Jackson, Vice President, Product and Marketing of XO Communications. “XO is taking a leadership role in enabling dedicated network access to a wide range of public cloud resources through direct connections to cloud exchanges. We are very pleased to be working with CoreSite in delivering the solutions our customers need to maximize their business performance.”
The CoreSite Open Cloud Exchange provides an on-ramp to best-of-breed cloud service providers across CoreSite’s data center portfolio. It is a community of interconnected enterprises and cloud and network service providers whose members benefit from improved performance, added security and access to a myriad of potential interconnections located in CoreSite data center facilities across the country.
“XO Communications offers both cloud and network services on the CoreSite Open Cloud Exchange,” said Brian Warren, Senior Vice President Product and Marketing at CoreSite. “We are pleased to continue to grow our relationship with XO and to offer our broad community of enterprise and media customers access to yet another high-performance, scalable provider on the exchange.”
CoreSite Realty Corporation (COR) delivers secure and reliable data center solutions across eight key North American markets. More than 800 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 computer workloads. Our flexible, high-performance products and 350+ dedicated employees consistently deliver unmatched, scalable data center options – all of which leads to a best in class customer experience. For more information, visit www.CoreSite.com.
About XO Communications
XO Communications is a leading nationwide provider of advanced IP communications, intelligent networking and cloud computing services for business, large enterprise and wholesale customers. These customers include more than half of the Fortune 500, in addition to leading cable, mobile wireless and domestic and international telecommunications companies. XO offers a superior customer experience through its innovative solutions, its employees’ focus on customers and the proven performance of its advanced network. To learn more about XO Communications, visitwww.xo.com or blog.xo.com. XO Communications is also on Twitter, YouTube, Facebook andLinkedIn.
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.