CoreSite Adds New Open Cloud Exchange® Automation and Direct-to-Cloud Capabilities with Oracle Cloud Infrastructure

Rhea-AI Summary

CoreSite, a subsidiary of American Tower (NYSE: AMT), has launched enhanced network services for its Open Cloud Exchange (OCX), significantly improving connectivity for Oracle Cloud Infrastructure (OCI) users. The new Layer 3 connections allow for 1 Gbps bandwidth, with plans for expansion to 10 Gbps in the future. This enhancement enables secure, low-latency communication between data centers, cloud providers, and digital ecosystems, facilitating multicloud and hybrid architectures. CoreSite's data centers in Chicago, Ashburn, and Phoenix now offer direct access to OCI, further supporting enterprise digital transformation. The updates promise to reduce total cost of operation and accelerate IT modernization for CoreSite's customers.

Positive

• Launch of Layer 3 connectivity improves offerings for customers using Oracle Cloud Infrastructure.
• 1 Gbps bandwidth availability with future expansion to 10 Gbps enhances service capabilities.
• Direct access to Oracle Cloud Regions promotes multicloud and hybrid architecture options.

Negative

• None.

Industry-leading interconnection platform now supports layer 3 connectivity for all major cloud providers

DENVER--(BUSINESS WIRE)-- CoreSite, a leading hybrid IT solutions provider and subsidiary of American Tower Corporation (NYSE: AMT) (“American Tower”), today announced the launch of new enhanced network services to its software-defined networking platform, the Open Cloud Exchange^® (OCX). The new services automate additional provisioning functionality within Oracle Cloud Infrastructure (OCI) and direct cloud-to-cloud communication capabilities on CoreSite’s fully managed virtual routers. CoreSite is also a member of Oracle PartnerNetwork (OPN).

Working together with CoreSite’s high-performance switching platform, the OCX enables secure, low latency connectivity among the company’s data centers, cloud providers and digital ecosystem needed to reach new markets, rapidly scale on-demand, reduce total cost of operation (TCO) and accelerate IT modernization.

The new Layer 3 connection to OCI, available through the OCX, provides 1 Gbps bandwidth for customers, with 10 Gbps to follow in future releases. By launching these additional direct-to-cloud capabilities on the OCX platform, CoreSite customers now have more options to deploy multicloud and hybrid cloud architectures by connecting other cloud deployments to OCI.

“Since introducing the Open Cloud Exchange^® over a decade ago, CoreSite has continually invested in building out the platform to support modern use cases in the age of digitization,” said Matt Senderhauf, VP of Interconnection Strategy at CoreSite. “The OCX makes it easy for customers to deploy a high-performance hybrid architecture and meet their ever-changing, critical IT infrastructure requirements.”

CoreSite customers can now access Oracle Cloud Regions in Chicago, Ashburn and Phoenix from all CoreSite data centers to unlock innovation and drive business growth. In addition, CoreSite’s Chicago campus serves as a key interconnection point for the Oracle Cloud Chicago Region with FastConnect.

OCI FastConnect enables enterprise cloud connectivity to OCI from trusted enterprise data centers. Connecting directly to OCI through FastConnect enables a fast, private connection to the industry’s broadest and most integrated cloud platform, with a complete range of services across Software-as-a-Service (SaaS), Platform-as-a-Service (PaaS) and Infrastructure-as-a-Service (IaaS). The new network services provide enhanced automation for Oracle Cloud Infrastructure to the OCX ecosystem, in addition to the capabilities currently available.

LEARN MORE:

• The Open Cloud Exchange Solution Brief
• OCX Demo Video
• City of Hope Customer Success Story

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.

About OraclePartnerNetwork

Oracle PartnerNetwork (OPN) is Oracle’s partner program designed to enable partners to accelerate the transition to cloud and drive superior customer business outcomes. The OPN program allows partners to engage with Oracle through track(s) aligned to how they go to market: Cloud Build for partners that provide products or services built on or integrated with Oracle Cloud; Cloud Sell for partners that resell Oracle Cloud technology; Cloud Service for partners that implement, deploy and manage Oracle Cloud Services; and License & Hardware for partners that build, service or sell Oracle software licenses or hardware products. Customers can expedite their business objectives with OPN partners who have achieved Expertise in a product family or cloud service. To learn more visit: http://www.oracle.com/partnernetwork

Forward-Looking Statements

This press release contains statements about future events and expectations, or “forward-looking statements,” all of which are inherently uncertain. We have based those forward-looking statements on management’s current expectations and assumptions and not on historical facts. These forward-looking statements involve a number of risks and uncertainties. For important factors that may cause actual results to differ materially from those indicated in our forward-looking statements, we refer you to the information contained in Item 1A of American Tower’s Form 10-K for the year ended December 31, 2022, under the caption “Risk Factors” and in other filings American Tower makes with the Securities and Exchange Commission. Neither we nor American Tower undertake any obligation to update the information contained in this press release to reflect subsequently occurring events or circumstances.

Trademarks

Oracle, Java, MySQL and NetSuite are registered trademarks of Oracle Corporation. NetSuite was the first cloud company--ushering in the new era of cloud computing.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230418005420/en/

CoreSite Contact

Megan Ruszkowski

Vice President of Marketing

720-446-2014

Megan.Ruszkowski@CoreSite.com

Source: CoreSite

FAQ

What new services has CoreSite launched for American Tower (AMT)?

CoreSite has launched enhanced network services for the Open Cloud Exchange, providing improved connectivity options for Oracle Cloud Infrastructure users.

How does the new Layer 3 connection benefit AMT customers?

The new Layer 3 connection offers 1 Gbps bandwidth for secure, low-latency communication between CoreSite’s data centers and Oracle Cloud Infrastructure, with plans for 10 Gbps in the future.

What are the key locations for Oracle Cloud access through CoreSite?

CoreSite's data centers in Chicago, Ashburn, and Phoenix provide direct access to Oracle Cloud Regions.