Enterprise, Cloud and Network Providers and
Service Integrators Thrive in a Robust, Interconnected Partner
Ecosystem
CoreSite, a leading hybrid IT solutions provider and subsidiary
of American Tower Corporation (NYSE: AMT) (“American Tower”), today
announced innovative new product enhancements to its
software-defined networking platform, the Open Cloud Exchange®
(OCX). The new enhanced network services include automating
additional provisioning functionality within AWS and Microsoft®
Azure Cloud and direct cloud-to-cloud communication capabilities on
CoreSite’s fully managed virtual routers. This comes at a time when
rapid and secure cloud connectivity is paramount for businesses to
succeed in today’s digital economy.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20220511005101/en/
The CoreSite Open Cloud Exchange® is
software-defined network that provides a single port into our
switching platform, enabling private virtual connections to
multiple service providers. (Graphic: Business Wire)
OCX Solves Modern Digital Business Challenges
As per a Gartner® report, “The more the business criticality of
the cloud IT increases, the more enterprises will want connectivity
to the cloud to provide correspondingly high availability,
performance, and privacy and security.” The report further states
that “ensuring optimal performance for end-user access to
mission-critical workloads is a leading driver for enterprises that
shift from internet connections to private/dedicated cloud
interconnection services”.1
CoreSite revolutionized network connectivity over a decade ago
with the introduction of the OCX. The leading interconnection
platform provides superior connectivity and a robust and
interconnected partner ecosystem needed to reach new markets,
rapidly scale on-demand, reduce total cost of operation and
accelerate IT modernization. Since its debut, CoreSite has
continually invested in building out the platform to support modern
use cases in the age of digitization. The new and enhanced network
services introduce additional automation for the AWS and Microsoft®
Azure Clouds to the OCX ecosystem, with several more leading cloud
service and SaaS providers slated to join them over the next few
months.
“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.
The OCX platform serves customers of all types; recent use cases
include an IT solutions and managed services provider who was able
to cut spending by 35% and enhance system security for its
high-profile customers with direct cloud connectivity. A healthcare
customer benefited by expanding its disaster recovery and business
continuity strategy by adding the OCX to its colocation solution. A
recent telecommunications customer leveraged the OCX to easily
expand its business operations to the West coast.
“The partnership we have with CoreSite benefits our customers by
solving connectivity and performance challenges from behind the
scenes,” stated Morgan Henry, Director of Sales at Atlantech
Online.
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 recent cloud connect enhancements are just the beginning.
Our internal product teams have been hard at work innovating the
OCX to support future needs. CoreSite customers can expect
additional OCX enhancement announcements – including new cloud
service and SaaS providers and branch-to-data-center connectivity
capabilities – in the coming months,” said Matt Senderhauf, VP of
Interconnection Strategy at CoreSite.
Learn more about the Open Cloud Exchange:
- Fox Business Network: Inside the Blueprint, featuring the
OCX
- OCX Product Information
- City of Hope Case Study
- Atlantech Case Study
- CoreSite Future-Proofs Digital Business
- Schedule a Demo of the OCX
About CoreSite
CoreSite, an American Tower company (NYSE: AMT), provides hybrid
IT solutions that empower enterprises, cloud, network, and IT
service providers to monetize and future-proof their digital
business. Our highly interconnected data center campuses offer a
native digital supply chain featuring direct cloud onramps to
enable our customers to build customized hybrid IT infrastructure
and accelerate digital transformation. For more than 20 years,
CoreSite’s team of technical experts have partnered with customers
to optimize operations, elevate customer experience, dynamically
scale, and leverage data to gain competitive edge. For more
information, visit CoreSite.com and follow us on LinkedIn and
Twitter.
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. 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 American Tower’s most
recent annual report on Form 10-K, and other risks described in
documents subsequently filed by American Tower from time to time
with the Securities and Exchange Commission.
__________________________________
1 Gartner, “Market Trends: Now Is the Time for CSPs to Boost
Cloud Connect Investment”, Published 28 October 2021 - ID
G00758516, By Analyst(s): Gaspar Valdivia, To Chee Eng
GARTNER is a registered trademark and service mark of Gartner,
Inc. and/or its affiliates in the U.S. and internationally and is
used herein with permission. All rights reserved.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220511005101/en/
CoreSite Contact Megan Ruszkowski Vice President of
Marketing 720-446-2014 Megan.Ruszkowski@CoreSite.com
American Tower (NYSE:AMT)
Historical Stock Chart
From Aug 2024 to Sep 2024
American Tower (NYSE:AMT)
Historical Stock Chart
From Sep 2023 to Sep 2024