CoreSite Realty Corporation (NYSE: COR), a national provider of powerful, network-rich data centers, and CENX, Inc., operator of the world’s first and most connected Carrier Ethernet Exchanges, today announced the execution of an agreement enabling CENX to offer its Carrier Ethernet Exchange services in CoreSite data centers. The agreement supports CENX expansion to new markets, including the Bay Area, Boston, Northern Virginia and Washington, DC as well as additional data centers in Chicago, Los Angeles, Miami, and New York.
The increased data center presence readies CENX for immediate growth, with some industry analysts projecting the Carrier Ethernet market to hit $40 billion by 2014. CoreSite’s data center offering creates an efficient, reliable deliverable to Exchange members with a single data center provider to uphold service level agreements and uptime guarantees. CoreSite data centers are SAS 70 certified, with 99.999% uptime posted across the portfolio since its inception.
CENX will own and operate its Carrier Ethernet Exchange services, with CoreSite’s network-dense data centers providing national access points. CENX Carrier Ethernet Exchanges offer access to more than 15 million Ethernet Service Locations (ESLs), the most of any Carrier Ethernet Exchange provider (based on published data). CENX Exchange members benefit from extended network reach, route optimization and diversification, and cost savings. At full deployment, CENX Carrier Ethernet Exchange services are expected to be available to all of CoreSite’s 600+ data center customers.
“At CoreSite, our mission is to find new ways to deliver increased value to every customer, while focusing on what we do best: data centers and peering,” said Thomas M. Ray, president and CEO of CoreSite. “The agreement with CENX enables our data center customers to benefit immediately from Carrier Ethernet services with a leading provider, augmenting the range of interconnection and peering currently available in our data centers. We believe that the CENX platform will create additional value to our customers, who currently rely upon CoreSite to facilitate or provide over 9,000 interconnections making Internet and other forms of communication increasingly efficient, responsive and reliable.”
“As a result of CoreSite’s extensive data center presence, CENX is well-positioned for significant growth,” said Nan Chen, President of CENX. “As the world’s first, largest and most connected Carrier Ethernet Exchanges, we believe that combining our services with CoreSite’s strong, well-connected data centers and our innovation in integrating Carrier Ethernet services, IP, voice, and video connections over a single or protected high-speed connection, we will provide an extremely compelling platform for service and content providers alike.”
About CoreSite
CoreSite Realty Corporation (NYSE: COR) delivers powerful, network-rich data centers that optimize, secure and interconnect the mission-critical IT assets of the world’s top organizations. 600+ customers, including Global 1000 enterprises, cloud providers, financial firms, and Government agencies, choose CoreSite for reliability, service and expertise in delivering customized, flexible data center solutions. CoreSite offers private data centers and suites, cage-to-cabinet colocation, and interconnection services, such as Any2, CoreSite’s Internet exchange. The company’s portfolio comprises more than two million square feet, including space held for redevelopment and development, and provides access to 200+ network service providers via 11 data centers in seven key U.S. economic centers. Obtain more information at http://www.CoreSite.com.
About CENX
CENX, Inc., operates the world’s first and most connected Carrier Ethernet exchanges. CENX delivers award-winning, carrier-neutral, location-neutral, Carrier Ethernet exchange services to global, regional and local telecom/ internet service providers. CENX interconnects service providers’ Carrier Ethernet networks worldwide, providing access to more than 15 million Ethernet Service Locations. CENX’s several 2010 innovation and service awards included Best New Telecom Service. CENX simplifies, integrates, monitors and expedites services, enabling vast revenue opportunities, dramatic cost-saving and Carrier Ethernet global ubiquity -- a foundation for next generation telecommunications networks. Through its work in the MEF (Metro Ethernet Forum) and in the industry, the CENX management team has played a leading role in the definition of standards and the development of the Carrier Ethernet market over the past nine years. For more information please contact CENX at info(at)cenx(dot)com, +1 847 905 1020, or visit http://www.cenx.com.
CoreSite Press Contact
Mark Jobson
Marketing Director
+1 303.405.1004
Mark(dot)Jobson(at)CoreSite(dot)com
CENX Press Contact
info(at)cenx(dot)com
+1 847 905 1020
Bruce Reid - Zonic Group PR
+1 408 504 8665
+44 7710 140 706
breid(at)zonicgroup(dot)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 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. CoreSite has not adopted or confirmed the accuracy of the referenced third party projections concerning future growth in the Carrier Ethernet market. 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 final prospectus dated September 22, 2010, and other risks described in documents subsequently filed by CoreSite from time to time with the Securities and Exchange Commission.
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