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CoreSite Announces Google Cloud Dedicated Interconnect On-Net Availability at Silicon Valley Campus

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CoreSite Realty Corporation (NYSE:COR) has announced support for Google Cloud's Partner Interconnect, enhancing its Silicon Valley campus with low-latency fiber connectivity. This service enables direct internet peering and Dedicated Interconnect options, offering secure 10G and 100G connectivity at competitive costs. The expansion caters to local enterprises requiring high bandwidth and low latency for data transfer, reinforcing CoreSite's growing capabilities across multiple U.S. markets. This strategic development enhances customer options for optimal cloud access and interoperability amidst increasing performance demands.

Positive
  • Expansion of fiber connectivity options to Google Cloud through Partner Interconnect at Silicon Valley campus.
  • Provides secure 10G and 100G connectivity, enhancing service offerings in Silicon Valley.
  • Addresses high bandwidth and low latency needs for local enterprises, promoting competitive advantage.
Negative
  • None.

CoreSite Realty Corporation (NYSE:COR) (the “Company”), a premier provider of secure, reliable, high-uptime data center campuses with high-performance cloud access and interconnection solutions across the U.S., today announced support for Google Cloud’s Partner Interconnect, a service from Google Cloud that allows customers to connect to Google Cloud globally, along with direct internet peering available natively on its Silicon Valley data center campus.

Adding Enterprise-Grade Connectivity Options and High-Performance Interoperability for Customers Deployed at CoreSite’s Silicon Valley Campus

This additional option provides CoreSite with the ability to offer low-latency fiber connectivity to Google Cloud using Dedicated Interconnect to support the Silicon Valley region’s most demanding data and application requirements. Dedicated Interconnect at CoreSite enables secure 10G and 100G connectivity at a lower cost than carriers or data centers providing Type 2 access. Google Cloud Interconnect has become the “go-to” solution to connect on-premises data centers to Google Cloud.

Local autonomous platforms, bio-science organizations and high-tech enterprises can now meet high bandwidth and low latency needs with native high speed fiber interconnection. This latest native Google Cloud Dedicated Interconnect service deployment expands CoreSite’s offering already available in other markets within the CoreSite platform; including Chicago, Denver, Los Angeles and Reston.

CoreSite recently enabled Partner Interconnect to Google Cloud within the CoreSite Open Cloud Exchange® to all its markets, providing more points of connectivity, flexible capacities and making it easier for customers with multi-region and multi-cloud architectures to directly integrate their network with Google Cloud.

Customers Gain More Choice to Address Increasing Performance Needs

We are dedicated to helping our customers solve increasing bandwidth and performance challenges. CoreSite’s interconnection platforms enable them to transfer and process large datasets with ultra-low latency, architect hybrid and multi-cloud solutions, and boost cloud access resiliency via diverse points of connectivity,” said Juan Font, CoreSite’s SVP of General Management. “Google Cloud Dedicated Interconnect high-speed fiber connectivity is a value-adding enhancement to our interconnection capabilities in Silicon Valley.

Other Highlights

About CoreSite

CoreSite Realty Corporation (NYSE:COR) delivers secure, reliable, high-uptime data center campuses with high-performance cloud access and interconnection solutions to a growing customer ecosystem across eight key North American markets. More than 1,375 of the world’s leading enterprises, network operators, cloud providers, and supporting service providers choose CoreSite to connect, protect and optimize their performance-sensitive data, applications and computing workloads. Our scalable, flexible solutions and 475+ dedicated employees consistently deliver unmatched data center options — all of which leads to a best-in-class customer experience and lasting relationships. 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 the Company’s data centers in certain markets and any adverse developments in local economic conditions or the level of supply of or 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, including indirect competition from cloud service providers; failure to obtain necessary outside financing; the ability to service existing debt; the 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; the effects on our business operations, demand for our services and general economic conditions resulting from the spread of the Novel Coronavirus (“COVID-19”) in our markets, as well as orders, directives and legislative action by local, state and federal governments in response to such spread of COVID-19; and other factors affecting the real estate industry generally. All forward-looking statements reflect the Company’s good faith beliefs, assumptions and expectations, but they are not guarantees of future performance. Furthermore, the Company 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 the Company’s future results to differ materially from any forward-looking statements, see the section entitled “Risk Factors” in its most recent annual report on Form 10-K, and other risks described in documents subsequently filed by the Company from time to time with the Securities and Exchange Commission.

FAQ

What new service is CoreSite Realty Corporation offering with Google Cloud?

CoreSite is now supporting Google Cloud's Partner Interconnect, enabling enhanced connectivity options.

How does the Google Cloud Dedicated Interconnect benefit CoreSite's customers?

It offers secure, low-latency fiber connectivity, accommodating high-performance data and application needs.

What is the significance of CoreSite's Silicon Valley campus expansion?

It enhances CoreSite's ability to provide diversified connectivity and supports demanding local enterprises.

When was the announcement regarding CoreSite's support for Google Cloud made?

The announcement was made on July 20, 2021.

What benefits does CoreSite offer through its Open Cloud Exchange?

It allows for flexible capacities and simplifies multi-cloud and multi-region network configurations.

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