CoreSite Announces Strategic Realignment of Sales and Marketing Organization
January 27 2014 - 7:30AM
Business Wire
CoreSite Realty Corporation (NYSE:COR), a provider of
network-dense, cloud-enabled enterprise-class data center products
and services, today announced the realignment of its Sales and
Marketing resources designed to create a more efficient and
effective go-to-market platform, as well as streamline the
operating structure. The realignment will include the elimination
of the chief operating officer role.
As part of the realignment, CoreSite has appointed Steven Smith
as senior vice president of sales, effective January 27, 2014. In
this role, Mr. Smith is responsible for overseeing all of
CoreSite’s sales organization, including direct sales, indirect
partner channel and sales enablement. Mr. Smith brings nearly 20
years of management experience in building and leading sales and
technical organizations. He most recently served as a Regional Vice
President for SAP (NYSE:SAP), a business software company, where he
led large enterprise sales across application portfolios, including
enterprise resource planning (ERP), big data, customer relationship
management (CRM), cloud and mobile.
CoreSite’s marketing and product organizations will continue to
be led by Brian Warren, CoreSite’s senior vice president of
marketing and product management. Mr. Warren held responsibility
over both organizations during his first year at CoreSite beginning
in 2011 and has again been responsible for them since November,
2013.
Jarrett Appleby is leaving his position as chief operating
officer to pursue other opportunities. Under the new alignment,
Messrs. Smith and Warren will report to Tom Ray, president and
chief executive officer. Additionally, Jeff Finnin, CoreSite’s
chief financial officer, will assume oversight responsibilities for
the facilities and operations organizations which are led by Billie
Haggard, senior vice president of data centers and Dominic Tobin,
senior vice president of operations, respectively.
“We thank Jarrett for his many contributions to CoreSite and
wish him well in his future endeavors,” said Tom Ray. “We are
excited to welcome Steve Smith to the CoreSite team. With his deep
background and relationships across the technology landscape and
his proven success among our target customers, Steve is
well-positioned to hit the ground running leading our sales
organization. We are pleased to have Steve join our senior
leadership team.”
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.
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.
CoreSite Investor ContactGreer Aviv, +1 303-405-1012 / +1
303-222-7276CoreSite Investor Relations
DirectorGreer.Aviv@CoreSite.com
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