DENVER, June 5, 2013 /PRNewswire/ -- CoreSite Realty Corporation (NYSE: COR), a premier provider of network-dense, cloud-enabled data centers and the CoreSite Mesh, today announced that SunGard Availability Services has deployed at CoreSite's facility in Boston. SunGard Availability Services, one of the world's leading providers of information availability and disaster recovery services, is seeing expanded business opportunities in the New England region targeting leading heathcare, financial servces, retail and IT Services providers and selected CoreSite as a service partner to support this growth through a flexible, scalable data center solution for its customers. The agreement gives customers the combination of top-tier managed IT services from SunGard Availability Service and high-powered data center capacity, diverse network connectivity and CoreSite Mesh community members from CoreSite.
As a result of CoreSite's data center capacity in Boston, combined with an extensive carrier network (over 70 networks and more than 20 carriers and Internet Service Providers), SunGard Availability Services was able to quickly deploy nearly 10,000 feet of capacity as a turnkey data center solution for its customers. SunGard Availability Services' customers will immediately benefit from the improved application performance that comes from directly connecting to multiple networks, including connections to sub-sea cable assets providing a gateway to Europe, and the on-demand capacity available to augment their own data center resources.
SunGard Availability Services has seen strong growth in several of its key vertical markets and critical aspects of the CoreSite model will enable SunGard Availability Services to capitalize on that market growth in the Northeast region. Financial services is a focus for SunGard Availability Services and the proximity of the Boston facility combined with network density were important considerations given the latency and application performance requirements common for financial institutions. Additionally, CoreSite has achieved 99.9999% uptime, which addresses the critical reliability requirement necessary for SunGard Availability Services' customers, particularly in the growing healthcare vertical. Retail is also a focus for SunGard Availability Services' growth strategy and CoreSite provides the robust customer community needed by SunGard to capitalize on the expanding opportunity. All of SunGard Availability Services' customers will benefit from taking part in the CoreSite Mesh, the community of service providers and enterprises interconnecting in and through CoreSite's cloud-enabled data center campuses.
"As our customers' requirements continue to grow and expand, we strive to provide them with best-in-class solutions," said Jack Dziak, EVP and General Manager, SunGard Managed Services. "CoreSite brings premium data center capacity and the diverse network connectivity that our customers across multiple verticals need to rapidly scale their businesses and meet their application performance requirements.""We are pleased to have SunGard Availability Services become a member of the CoreSite Mesh community, helping support the growth of their business and that of their customers, while also bringing one of the world's leading managed service providers directly to our customers," said Jarrett Appleby, chief operating officer, CoreSite. "SunGard Availability Services supports our customers providing the vertical expertise in healthcare, financial services and retail to implement next generation of IT architecture and technology services to enable and facilitate their growth." About SunGard SunGard Availability Services provides disaster recovery services, managed IT services, information availability consulting services and business continuity management software. With approximately five million square feet of datacenter and operations space, SunGard Availability Services helps customers improve the resilience of their mission critical systems by designing, implementing and managing cost-effective solutions using people, process and technology to address enterprise IT availability needs. Through direct sales and channel partners, we help organizations ensure their people and customers have uninterrupted access to the information systems they need in order to do business. To learn more, visit www.sungardas.com or call 1-800-468-7483. Connect with us on Twitter, LinkedIn and Facebook. About CoreSiteCoreSite 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 nine 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. 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; significant industry competition; CoreSite's failure to obtain necessary outside financing; and other factors affecting the real estate and telecommunications industries 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.
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