CoreSite Realty Corporation (NYSE: COR), a provider of secure,
reliable, high-performance data center solutions, today
announced that Classified Ventures, LLC, the owner and operator of
national online classified ad site, Cars.com, has selected
CoreSite’s “CH1” data center in Chicago, Ill., to deploy
infrastructure delivering applications to support mission-critical
data analytics and customer-facing web services.
CoreSite’s data center addresses Classified Ventures
requirements relating to scalability, network performance and
physical security. The data center affords Classified Ventures
connectivity options to more than 80 customers, including 50+
network, IT and cloud service providers and 30+ enterprises.
“Our operations rely heavily on mission-critical infrastructure
and CoreSite offers the solutions we need for continued growth,”
said Jason O’Sullivan, vice president of Corporate Technology at
Classified Ventures. “Apart from the physical infrastructure, we
were extremely pleased with the customer experience — a true
serve-the-customer approach, which helped us make the clear choice
to partner with CoreSite for our mission-critical data center
needs.”
Classified Ventures’ technology systems require high-density and
high-performance data center capacity and services. The deployment
within CoreSite’s facility, CH1, gives Classified Ventures the
ability to develop and support current business applications and
scale to support future needs.
“Classified Ventures selection of CoreSite enables the
enterprise by providing reliable and secure network-dense,
cloud-enabled data center solutions coupled with a first-class
customer experience,” said Matt Muell, VP and general manager at
CoreSite. “By leveraging our established community of network and
cloud providers serving CH1, Classified Ventures is well-positioned
for continued growth and evolution of their products and
services.”
Located in downtown Chicago, the CH1 facility spans 183,000
square-feet. CoreSite has owned and operated the facility since
2007. Under its ownership, CoreSite has developed more than 80,000
square feet of new, enterprise-class data center capacity and
retains additional space to develop further capacity to support
customer growth requirements. Additionally, at the facility
CoreSite has created a vibrant ecosystem of network and cloud
customers supporting enterprise requirements for performance
underpinned by industry-leading reliability, security and
service.
For more information on CoreSite’s CH1 data center, visit
www.coresite.com/locations/chicago.
About CoreSite
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.
About Classified Ventures
Classified Ventures, LLC helps shoppers find the perfect car
through its award-winning website, Cars.com. A strategic joint
venture among five media companies including A. H. Belo Corp.
(NYSE: AHC), Gannett Co. Inc. (NYSE: GCI), The McClatchy Co. (NYSE:
MNI), Tribune Co. and The Washington Post Co. (NYSE: WPO),
Classified Ventures seeks to capitalize on revenue growth in online
advertising in the automotive category. For more information,
please visit www.classifiedventures.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.
Linhart PR for CoreSiteAshley Frost,
303-951-2578afrost@linhartpr.com
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