CoreSite's Open Cloud Exchange ties into Google Cloud

CoreSite is enhancing its software-defined networking platform, Open Cloud Exchange (OCX), with the ability to automatically provision hybrid architectures within Google Cloud. Direct cloud-to-cloud capabilities will be available through the OCX.

CoreSite’s high-performance OCX switching platform enables secure, low latency connectivity among the company’s data centers, cloud providers and digital ecosystem.

The new network services will provide enhanced automation for Google Cloud to the OCX ecosystem, in addition to the capabilities currently available with AWS and Microsoft® Azure Clouds.

“The Open Cloud Exchange makes it easy for customers to deploy a high-performance hybrid architecture — faster, more securely and at a lower TCO — through our industry-leading network automation and switching fabric as well as our user-friendly, self-service delivery platform,” said Matt Senderhauf, Vice President of Interconnection Strategy and Product Management at CoreSite. “By launching these additional direct-to-cloud capabilities on our OCX platform, CoreSite is delivering on a future-ready product roadmap designed to meet customers' ever-changing, critical IT infrastructure requirements.”

https://www.coresite.com/cloud-networking/open-cloud-exchange

Read More

CoreSite offers 100G Metro Inter-site Ethernet

CoreSite announced the release of 100G bandwidth availability for the company’s metro inter-site product. 

CoreSite’s inter-site and inter-market connectivity offers a range of service options and a virtual extension between data center sites, allowing customers to overcome capacity or network access constraints at their original data center and grow within a region or expand to new regions. The new metro inter-site ethernet product enables customers to have high-speed bandwidth options required for connectivity in the same market including one Gbps, 10 Gbps and 100 Gbps.

CoreSite’s interconnection options:

• Blended IP – single connections for traditional connectivity and fully redundant connections for mission-critical applications
• Cross connects –  physical cables that allow customers to easily make direct connections to networks, cloud providers and other business partners within CoreSite’s data centers. 
• Direct connect services to leading public clouds – CoreSite offers 23 “native cloud onramps” or direct connections to leading cloud services such as AWS Direct Connect, Google Cloud Platform, Microsoft Azure ExpressRoute, Alibaba Cloud, Oracle FastConnect and IBM Cloud Direct Link that enhance security and reliability, improve performance and lower costs.
• Peering exchanges – The Any2Exchange for internet peering has more than 450 members nationwide and is also among the largest internet exchanges on the West Coast and in the Rocky Mountain region. Additionally, the company partners with top internet exchanges, including AMS-IX, DE-CIX, LINX, NYIIX, United IX and BBIX, offering customers interconnection and peering options natively within CoreSite’s data center locations.
• Open Cloud Exchange (OCX) –  a nationwide software-defined network, enabling private virtual connections for rapid site-to-site and multicloud connectivity.

“The launch of CoreSite’s metro inter-site product demonstrates our commitment to deliver on a product roadmap designed to give a wide range of customers innovative connectivity solutions that increase performance and efficiency while reducing total cost of ownership (TCO),” said Matt Senderhauf, VP of Interconnections Strategy and Product Management at CoreSite. “Over the years, CoreSite has built a robust IT solution nexus that provides enterprises with a variety of secure, reliable interconnection options within an ecosystem of more than 775 networks, cloud and IT service providers residing in our data centers.”

Read More

CoreSite to acquire data center in Miami

CoreSite announced its intention to acquire a purpose-built 103,000-square-foot data center (MI2) located at 2100 NW 84th Avenue in Doral, Florida. CoreSite also owns and operates a 43,000-square-foot data center (MI1) in downtown Miami located at 2115 NW 22nd Street.

The MI2 Miami data center is a freestanding facility in America’s Gateway Park built to withstand a Category 5 hurricane with a 185-mph-gust-rated roof. As part of the integration process, CoreSite will be connecting MI2 to the company’s MI1 data center.

“Miami serves as a key conduit for businesses to manage and grow operations in both North and South America. This expansion in the CoreSite Miami data center campus will provide the hybrid IT solution enterprises turn to for secure and scalable connectivity to South America from the U.S,” said Juan Font, President and CEO of CoreSite and SVP of U.S. Tower. “We are excited to build on our proven record of operational excellence in the greater Miami area where we have been operating since 2006, offering optimal customer experience, critical security and business continuity support and access to cloud and network providers.”

https://investors.coresite.com/news-releases/news-release-details/coresite-expands-miami-completes-acquisition-state-art-data

American Tower completes $10B acquisition of CoreSite

Wednesday, December 29, 2021  American Tower, Mergers And Acquisitions  

American Tower completed its previously announced acquisition of CoreSite Realty Corporation. Tom Bartlett, American Tower’s Chief Executive Officer stated, “We are thrilled to welcome CoreSite’s exceptional team to American Tower and are ready to work together to create long-term shareholder value. As 5G deployments and wireless and wireline convergence accelerate, we expect to leverage CoreSite’s highly interconnected data center facilities...

READ MORE

Read More

CoreSite signs Adela Technologies, a managed security service provider

Adela Technologies, a Maryland-based managed security service provider (MSSP), is using CoreSite’s hybrid IT environment, which combines compliant colocation with native onramps to leading cloud providers, to provide hosted security solutions.

Adela's customer base ranging from small businesses to government entities such as the Department of Defense (DoD). The company chose to deploy its physical servers in CoreSite’s VA1 data center, which provides multi-layered physical security and hardened construction to address intense security requirements of its customers and compliance levels that support FISMA and FedRAMP deployments. The MSSP leveraged CoreSite’s infrastructure to build a multi-tenant cloud to support its customers’ production and non-production workloads with a security focus and deliver the flexibility and FedRAMP readiness it requires to accredit its DevSecOps environment for the DoD.

To support production workloads, Adela also leverages CoreSite’s native cloud onramps to securely integrate with applications running in AWS using direct low-latency interconnections. As a result, Adela was able to architect a dedicated environment in AWS to support clients who cannot operate in a shared environment.

“At Adela Technologies, we support our customers’ digital journeys and cloud-emerging technology requirements while enabling them to focus on their core business objectives rather than their underlying infrastructure,” said Fred Evans, Chief Operating Officer for Adela. “CoreSite’s hybrid IT solutions allow us to use a single provider to support diverse workload requirements that encompass both colocation and public cloud environments. By simplifying this integration, we can dedicate more time to building solutions that support our clients’ business objectives.”

“CoreSite has on-net connectivity to all the major cloud providers including AWS, Microsoft, Google, Oracle, IBM and Alibaba. Through these native onramps, CoreSite provides customers like Adela secure network connectivity and seamless integration to leading cloud providers that enables high-performance hybrid cloud architectures,"said Brian Eichman, Vice President of Solution Architecture for CoreSite. 

American Tower to buy CoreSite for $10B

Monday, November 15, 2021  American Tower, Data Center, Mergers And Acquisitions  

American Tower agreed to acquire CoreSite for $170.00 per share in cash, an enterprise value of $10.1 billion when including the assumption and/or repayment of CoreSite’s existing debt.CoreSite, which as of Q3 2021 consisted of 25 data centers, 21 cloud on-ramps and over 32,000 interconnections in eight major U.S. markets, generated annualized revenue and Adjusted EBITDA of $655 million and $343 million, respectively, in Q3 2021. CoreSite has averaged...

READ MORE

Read More

CoreSite enhances its Open Cloud Exchange

CoreSite announced a series of network service enhancements for its Open Cloud Exchange (OCX), including  automating additional provisioning functionality within AWS and Microsoft Azure Cloud and direct cloud-to-cloud communication capabilities on CoreSite’s fully managed virtual routers.

Additional benefits

• Rapidly scale and deploy new applications across multiple U.S. markets using inter-market connectivity
• Improve network performance and security with guaranteed private network isolation, throughput and lower latency compared to public internet connections
• Increase speed to market and gain greater control and optionality
• Recoup expensive cloud egress fees and redirect funds and internal resources to other business priorities

“The Open Cloud Exchange provides our diverse customer base with the fastest and most secure way to interconnect their private infrastructure with public cloud resources – and to interoperate with each other. We make it simple by providing our Service Delivery Platform where customers can instantly scale by turning up or turning down virtual routers in their environment with just a few clicks of their mouse,” said Brian Warren, SVP of Development and Product Management at CoreSite.

https://investors.coresite.com/news-releases/news-release-details/coresites-open-cloud-exchanger-platform-accelerates-digital

Read More

CoreSite announces new team following American Tower acquisition

CoreSite, which is now a subsidiary of American Tower Corporation, announced its new executive leadership team:

• Juan Font, President of CoreSite and SVP of American Tower
• Anthony Hatzenbuehler, SVP, Data Center Operations
• Maile Kaiser, SVP, Sales and Marketing
• Aleks Krusko, SVP, IT and Digitization
• Leslie McIntosh, SVP, Human Resources
• Brian Warren, SVP, Development and Product Engineering
• Matt Gleason, VP, General Management
• Mark Jones, VP and Chief Accounting Officer
• Adam Post, VP, Finance and Acquisitions
• Janae Walker, VP, Legal

“I am proud to lead CoreSite, and my newly appointed leadership team, into our exciting next chapter. The acquisition of CoreSite by American Tower enables us to create a differentiated, comprehensive, and interconnected communications real estate platform optimally positioned to benefit from the convergence of wireline and wireless networks amid accelerating global 5G deployments,” stated Font.

American Tower completes $10B acquisition of CoreSite

Wednesday, December 29, 2021  American Tower, Mergers And Acquisitions  

American Tower completed its previously announced acquisition of CoreSite Realty Corporation. Tom Bartlett, American Tower’s Chief Executive Officer stated, “We are thrilled to welcome CoreSite’s exceptional team to American Tower and are ready to work together to create long-term shareholder value. As 5G deployments and wireless and wireline convergence accelerate, we expect to leverage CoreSite’s highly interconnected data center facilities...

READ MORE

Read More

CoreSite’s VA3 Data Center Powered by 100% Renewable Energy

CoreSite Realty confirmed that its new VA3 data center in Reston, Virginia is powered by 100% renewable energy through Dominion Energy’s 100% Renewable Energy Program. 

CoreSite’s Northern Virginia data center campus, comprised of three operating data centers (VA1, VA2, and VA3) and scalable to provide over 100 megawatts of capacity at full buildout, provides direct, low-latency access to all major cloud service providers, which are natively deployed within its Reston data center campus.

“CoreSite is committed to seeking out the least carbon-intensive energy sources wherever feasible, which in turn supports its customers’ economic goals,” said Paul Szurek, CoreSite’s President and Chief Executive Officer. “We are excited to support the development of local renewable energy sources in the Northern Virginia market and to take this additional step in CoreSite’s sustainability journey by achieving 100% renewable power at our VA3 data center.”

https://investors.coresite.com/news-releases/news-release-details/coresites-va3-data-center-powered-100-renewable-energy

Read More

CoreSite posts Q2 revenue $162.1 million, up 7.7% yoy

CoreSite reported operating revenues of $162.1 million, an increase of 7.7% year over year and 2.8% sequentially. Net income was $0.59 per common diluted share, an increase of $0.07 year over year and $0.08 sequentially.

During Q2, CoreSite commenced 133 new and expansion leases for 59,174 net rentable square feet, representing $8.4 million of annualized GAAP rent, for an average rate of $142 per NRSF. CoreSite also signed 112 new and expansion leases for 33,135 NRSF and $7.8 million of annualized GAAP rent, for an average rate of $235 per NRSF.

“We are optimistic about the fundamental market drivers supporting our go-to-market strategy,” said Paul Szurek, CoreSite’s President and Chief Executive Officer. “Technology requiring low-latency, high-performance, hybrid-cloud IT architectures continues to play an increasingly important role in the success of businesses. We believe we are well-positioned to capture a good share of the edge needs in our major metropolitan U.S. markets.”

Read More

CoreSite adds Google Cloud interconnect at Silicon Valley data center

CoreSite Realty announced support for Google Cloud’s Partner Interconnect on its Silicon Valley data center campus.

The service from Google Cloud allows customers to connect to Google Cloud globally, along with direct internet peering. This additional option provides CoreSite with the ability to offer low-latency fiber connectivity to Google Cloud using Dedicated Interconnect to support the Silicon Valley region’s most demanding data and application requirements. Dedicated Interconnect at CoreSite enables secure 10G and 100G connectivity at a lower cost than carriers or data centers providing Type 2 access. Google Cloud Interconnect has become the “go-to” solution to connect on-premises data centers to Google Cloud.

“We are dedicated to helping our customers solve increasing bandwidth and performance challenges. CoreSite’s interconnection platforms enable them to transfer and process large datasets with ultra-low latency, architect hybrid and multi-cloud solutions, and boost cloud access resiliency via diverse points of connectivity,” said Juan Font, CoreSite’s SVP of General Management. “Google Cloud Dedicated Interconnect high-speed fiber connectivity is a value-adding enhancement to our interconnection capabilities in Silicon Valley.”

Read More

CoreSite offers 100G Dedicated AWS Direct Connect service

CoreSite Realty announced upgraded on-net availability of AWS Direct Connect supporting 100 Gbps Dedicated Connections in four key markets – Los Angeles, New York, Northern Virginia, and Santa Clara.

The private high-bandwidth connectivity between AWS and CoreSite’s data centers enables customers to lower operational overhead, while increasing capacity and performance delivered by 100 Gbps connections. 

CoreSite says the 100G connection will be particularly beneficial to applications that transfer large-scale datasets, such as for broadcast media distribution, autonomous vehicles, financial services trading and market information systems, and many other enterprises. 

“CoreSite now has four of our key communication markets enabled with 100Gbps AWS Direct Connect service, which demonstrates our strength as a leading integration point for hybrid IT,” said Steve Smith, CoreSite’s Chief Revenue Officer. “We are excited to enable these capabilities to our customers and any enterprise looking to modernize their business-critical IT infrastructure. The fact that leading cloud providers like AWS Direct Connect choose to deploy their strategic edge services is another indication that customers can be confident of their strategic decision to choose CoreSite as their data center, interconnection and cloud integration provider.”

https://investors.coresite.com/news-releases/news-release-details/coresite-announces-net-100g-dedicated-aws-direct-connect-now

Read More

CoreSite posts Q4 revenue of $155 million, up 6% yoy

CoreSite Realty reported Q4 2020 revenue of $154.9 million, an increase of 6.1% year over year. Net income of $0.46 per common diluted share, a decrease of $0.05 year over year.

CoreSite achieved new and expansion sales of almost $9.7 million of annualized GAAP rent for the quarter, which included $4.4 million of annualized GAAP rent from retail colocation leases, $3.7 million of annualized GAAP rent from small scale leases, and $1.5 million from large scale leases.

“We executed well on each of our 2020 priorities amidst the backdrop of the global pandemic,” said Paul Szurek, CoreSite’s President and Chief Executive Officer. “The pandemic created a challenging environment that forced the team to rethink prior practices, and I’m proud of our ability to adapt quickly while continuing to execute on each priority.”

Some key data center trends for CoreSite in Q4

• Commenced 147 new and expansion leases for 109,154 NRSF, representing $20.4 million of annualized GAAP rent, for an average rate of $187 per square foot
• Signed 151 new and expansion leases for 53,953 NRSF and $9.7 million of annualized GAAP rent, for an average rate of $180 per square foot
• Renewed 260 leases for 121,420 NRSF and $15.8 million of annualized GAAP rent, for an average rate of $130 per square foot
• Renewed leases reflected an increase of 1.0% in cash rent and 4.4% in GAAP rent, and churn was 5.4%

Read More

CoreSite Open Cloud Exchange connects to Oracle Cloud

CoreSite Realty will offer on-demand connectivity to Oracle Cloud through Oracle Cloud Infrastructure FastConnect on the CoreSite Open Cloud Exchange.

CoreSite’s cloud-enabled data center campuses now offer low-latency connectivity to each of the Oracle Cloud regions in the United States located in Ashburn, VA and Phoenix, AZ. Oracle customers can harness the power of scalable, low-latency, hybrid architectures at CoreSite to unlock innovation and drive business growth.

“Having Oracle Cloud Infrastructure FastConnect within our facilities and as part of the CoreSite Open Cloud Exchange simplifies the connectivity model with an automated provisioning process, offers flexible bandwidth options, and additional points of access into Oracle Cloud services. This is another example of how CoreSite continues to enrich the value of our interconnection platform to aid enterprises and service providers in designing and implementing hybrid and multi-cloud solutions, inclusive of bare metal environments,” said Maile Kaiser, CoreSite’s SVP of Sales.

Read More

CoreSite completes SV8 data center campus in Santa Clara, CA

CoreSite Realty completed construction on the final phase of its new ground-up data center development on its Santa Clara campus in California.

SV8 is part of CoreSite’s Santa Clara and broader Silicon Valley connected campus. It is a 162,000 square foot, 18 megawatt capacity, purpose-built, ground-up development. Phase 3 is comprised of 54,000 square feet and six megawatts of now available capacity. The Company previously leased and placed into service Phases 1 and 2, and has preleased 11% of Phase 3.

“We designed SV8 to offer a high density, easy interconnection access, and sustainably focused operations in a highly interconnected campus to appeal to those customers who require being near the network edge to serve their high performance and low latency applications,” said Brian Warren, CoreSite’s Senior Vice President of Development and Product Engineering.

Read More

CoreSite connects its Los Angeles campus to Oracle Cloud

CoreSite Realty announced the immediate availability of new fiber interconnection to Oracle Cloud through Oracle Cloud Infrastructure FastConnect at its Los Angeles Campus.

CoreSite’s cloud-enabled data center campuses now offering fiber interconnection in Los Angeles as well as previously implemented at its Northern Virginia campus, provide customers low-latency fiber connectivity to each of the U.S. Oracle Cloud regions located in Ashburn, VA and Phoenix, AZ. Oracle customers can harness the power of scalable, low-latency, hybrid architectures at CoreSite to unlock innovation and drive business growth.

Oracle Cloud Infrastructure FastConnect provides dedicated connectivity to Oracle Cloud Infrastructure and other Oracle Cloud services. FastConnect provides an easy, elastic, and economical way to create a dedicated and private connection with higher bandwidth options, and a more reliable and consistent networking experience versus public internet-based connections.

Read More

CoreSite signed 112 new and expansion leases in Q1, avg $214 per sqr foot

CoreSite Realty reported Q1 revenues of $147.4 million, an increase of 6.1% year over year and 0.9% sequentially. Net income was $0.48 per common diluted share, a decrease of $0.06 year over year and $0.03 sequentially.

Key metrics

• Commenced 112 new and expansion leases for 45,322 net rentable square feet (“NRSF”), representing $9.7 million of annualized GAAP rent, for an average rate of $214 per square foot
• Signed 117 new and expansion leases for 59,354 NRSF and $12.0 million of annualized GAAP rent, for an average rate of $202 per square foot
• Renewed 280 leases for 120,943 NRSF and $17.3 million of annualized GAAP rent, for an average rate of $143 per square foot, reflecting an increase of 1.4% in cash rent and 7.2% in GAAP rent, and 3.3% churn
• Placed into service approximately 35,000 square feet at NY2, a data center expansion in New Jersey
• Pre-leased approximately 11% of SV8, Phase 3, a data center expansion in Santa Clara

“We delivered strong sales, placed into service new data center capacity, advanced our two major ground-up developments and other capacity projects, while continuing to deliver exceptional customer service,” said Paul Szurek, CoreSite’s President and Chief Executive Officer. “Our preparations over the years and agile responses enabled us to safely maintain operations in a challenging pandemic environment while continuing to support customer success. We turned up services quickly, solved for rapidly emerging customer needs, demonstrated the value and effectiveness of our remote capabilities for customers, and continued to meet their mission critical needs.

Read More

CoreSite Open Cloud Exchange offers connections to Google Cloud

CoreSite Realty is adding on-demand direct connectivity to the Google Cloud Platform on the CoreSite Open Cloud Exchange.

CoreSite continues to provide high-speed fiber connectivity to Google Dedicated Interconnect for the most demanding data needs and is now offering Partner Interconnect to Google within the CoreSite Open Cloud Exchange.

“By simplifying and automating the provisioning process, offering flexible bandwidth options, and enabling additional points of access to the Google Cloud Platform on the CoreSite Open Cloud Exchange, it enriches the value of CoreSite’s interconnection platforms to enterprises and service providers designing and implementing hybrid and multi-cloud solutions,” said Maile Kaiser, CoreSite’s SVP of Sales. “This is another important innovation of our interconnection capabilities and further enhances our value to enterprises advancing their digital business.”

Read More

CoreSite data centers added 224,000 net rentable square feet in 2019

CoreSite reported operating revenues of $146.0 million for Q4 2019, an increase of 5.0% year over year and 0.8% sequentially. For the quarter, the company elivered net income of $0.51 per common diluted share, a decrease of $0.03 year over year and an increase of $0.04 sequentially.

Some operational highlights:

• Commenced 130 new and expansion leases for 86,187 net rentable square feet (“NRSF”), representing $16.6 million of annualized GAAP rent, for an average rate of $193 per square foot
• Signed 129 new and expansion leases for 30,770 NRSF and $6.6 million of annualized GAAP rent, for an average rate of $216 per square foot
• Renewed 323 leases for 151,057 NRSF and $21.9 million of annualized GAAP rent, for an average rate of $145 per square foot, reflecting a decrease of 0.8% in cash rent, an increase of 0.1% in GAAP rent, and 2.9% churn
• Placed into Service Data Center Expansions of approximately 74,000 square feet
• Delivered into service SV8 Phase 2 for 54,000 NRSF with 100% occupancy, and BO for 20,000 NRSF
• For 2019, CoreSite achieved an “eight 9’s” level of reliability, or 99.999999% uptime for power and cooling across its portfolio of data centers, which exceeded the Company’s target of “six 9s” and the industry standard of “five 9s”.
• Also in 2019, the Company delivered an approximate 4.8% improvement in PUE on a same-store basis compared to 2018. 

Read More

CoreSite hits Eight 9s data center uptime in 2019

CoreSite reported "Eight 9s" level of reliance, or 99.999999% uptime, across its portfolio of data centers for 2019.

“Our clear procedures and rigorous training approach are the foundation of our operational excellence,” said Anthony Hatzenbuehler, CoreSite’s SVP of Data Center Operations. “Our operational resilience efforts translate into our data center reliability, or uptime, a crucial performance indicator that is our top priority, which directly affects our customers’ bottom line.”

“While we target a minimum of “Six 9’s” of uptime, which is above the industry standard of “Five 9’s”, we are pleased with our exceptional results for 2019,” said Hatzenbuehler.

Overall, CoreSite incrementally improved its PUE by approximately 4.8% in 2019 on a same-store basis as compared to 2018 PUE. “This improvement in PUE enables customers to be more cost effective and efficient and improves our overall power consumption for a more sustainable environment,” said Hatzenbuehler.

In addition, as part of its compliance examinations, CoreSite completed a new independent third party assessment of controls related to the National Institute of Standards and Technology Publication Series 800-53 (NIST 800-53). This new NIST compliance level complements CoreSite’s existing certifications such as SOC 1 Type 2 and SOC 2 Type 2, ISO 27001, PCI DSS, and HIPAA. The completion of these annual examinations uniquely positions CoreSite to provide its customers a consistent and comprehensive solution to compliance standards and support in meeting a wide variety of United States regulatory requirements, including the Federal Information Security Management Act (FISMA) and the Federal Risk and Authorization Management Program (FedRAMP).

Read More

CoreSite increases borrowing capacity to $1.15 billion

CoreSite Realty has extended its debt maturity profile and expanded its credit facility with total borrowing capacity of $1.15 billion, including all arrangements with its syndicate of banks.

CoreSite said it has addressed all near-term debt maturities by combining and extending its 2020 and 2021 term loan maturities into a $350 million term loan due in April 2025. This new term loan represents $100 million of incremental borrowing capacity. Additionally, the term of CoreSite’s $450 million revolving credit facility was extended to 2023.

“We are pleased by the opportunity to extend near-term maturity dates and increase our overall liquidity, each of which will support our future growth and development initiatives,” said Jeff Finnin, CoreSite’s Chief Financial Officer. “We would like to thank our lending institutions for their continued support of CoreSite and for providing us with the financial flexibility to continue to profitably grow and meet our customer needs.”

http://www.CoreSite.com

Read More

CoreSite boosted its Power Utilization Effectiveness by ~7%

CoreSite improved its 2018 Power Utilization Effectiveness by about 7% on a same-store basis compared to 2017.

Some additional highlights from the newly-released Corporate Sustainability Report:

• completed a chiller project for more than 9,800 MW of energy savings achieved in 2018 at its LA2 data center and being awarded nearly $3 million by the Los Angeles Department of Water and Power for this project and its savings
• achieved “Seven 9s” of reliability across its platform of data center facilities, resulting in high customer satisfaction, and
• women represented 41% of CoreSite’s headquarters workforce and 20% of its Board of Directors
• minorities and veterans represented 42.3% and 14.5%, respectively, of its total workforce, and
• an average workforce tenure of 4.1 years.

“Customers, Colleagues, and Communities are three words to describe how our business strategy intertwines with our sustainability practices,” said Paul Szurek, CoreSite’s President and Chief Executive Officer. “Since 2001, CoreSite has been committed to best-in-class customer experience and value, an engaging, attractive and diverse employment environment, and practices that help our customer communities thrive sustainably, In our second Corporate Sustainability Report, we summarize our ongoing journey of being a responsible steward of our business for all our stakeholders.”

In addition, CommScope noted the recently opening of its newest colocation facility VA3 in Reston, Virginia.

As of June 30, 2019, CoreSite’s Northern Virginia market was comprised of over 280 customers, which includes approximately 40 cloud providers, 170 enterprises, and 70 network providers. Additionally, the Fairfax County location allows CoreSite to serve the native base of enterprises, systems integrators, universities, and governmental agencies with the lowest latency to the largest public clouds.

“The CoreSite Reston campus provides customers cloud connectivity and delivers the highest security and performance, low latency, with the lowest cost of cloud service utilization,” said Juan Font, CoreSite’s Senior Vice President, General Management. “With over 100MW of expected capacity for the Reston Campus Expansion, and the multi-cloud capabilities of the CoreSite platform, we are in a position to deliver the maximum degree of scale, operational flexibility and performance throughout the entire lifecycle of customers’ digital transformation journey,” said Font.

Read More