Digital Realty Adds Colocation Capabilities in Toronto as City Emerges as a Key Strategic Tech Hub in North America

Rhea-AI Summary

Digital Realty (NYSE: DLR) announced an expansion of its One Century Place facility in Toronto on August 25, 2020, adding 6,000 square feet and 1,500 kilowatts of colocation capacity. This move aims to meet the increasing demand from technology and data-centric businesses. The expansion will enhance connectivity and support digital transformation initiatives, leveraging IBM's Direct Link 2.0 for improved access to cloud services. With over 20 megawatts currently in operation and plans for 60 megawatts at full build-out, Toronto is positioned as a critical technology hub in North America.

Positive

• Expansion adds 6,000 square feet and 1,500 kilowatts of colocation capacity.
• Supports growing demand for data hosting and connectivity in Toronto.
• Leverages IBM's Direct Link 2.0 for enhanced cloud service access.
• Positions Toronto as a key strategic technology hub in North America.

Negative

• None.

TORONTO, Aug. 25, 2020 /PRNewswire/ -- Digital Realty (NYSE: DLR), a leading global provider of carrier- and cloud-neutral data center, colocation and interconnection solutions, announced today the expansion of its One Century Place facility, a major regional connectivity hub in greater Toronto, bringing online additional colocation capacity to meet the area's growing networking needs.  As more technology and data-centric businesses move or scale in the region, facilities like One Century Place are key to providing customers the flexibility and performance needed to realize their digital ambitions.  

The facility was previously home to the iconic Toronto Star printing facility, and Digital Realty is expanding its Canadian colocation capabilities as a powerful lever to help businesses rearchitect towards a decentralized infrastructure to further scale and spur new digital transformation initiatives.  The new capacity will help address the needs of today's enterprise customers that require more distributed data hosting, connectivity and exascale computing in a single campus, along with the flexibility to easily scale capacity and network bandwidth requirements.  

"Toronto is a more critical market than ever as businesses recognize the growing importance of the region as one of the next major technology hubs in North America," said Digital Realty Chief Executive Officer A. William Stein.  "Today's announcement marks a significant milestone in the expansion of PlatformDIGITAL™ as we continue to expand our colocation capabilities in strategic regions around the world.  We are enabling our customers to address the challenges of data gravity by deploying their digital infrastructure in close proximity to key cloud deployments, providing the coverage, capacity and connectivity requirements to support their current and future goals." 

The expansion of One Century Place in Vaughn, also known as TOR1, is expected to add 6,000 square feet and 1,500 kilowatts of colocation capacity to a broad cross-section of customers across industries.  In addition to providing customers room to grow, the facility also boasts key connections to key partners, networks and service and cloud providers that form the connected communities of digital transformation.  

To support customers in TOR1, Digital Realty will leverage IBM's next-generation Direct Link 2.0 capabilities, providing direct access to the IBM Cloud in Toronto.  Direct Link 2.0 enables customers to spend less time designing and deploying network architectures to accelerate the development of new solutions via the hybrid cloud.  This includes giving customers broader access to IBM services, including blockchain, AI, data analytics and quantum computing, which are becoming more essential to the new future of work. 

"Data rich technologies like AI and IoT are being deployed at a rapid scale, requiring enterprises to locate their infrastructure closer to highly-connected centers of data exchange.  Enterprises now need greater access to productized colocation offerings at the heart of where digital business is happening.  We see significant growth potential in greater Toronto as digital business accelerates," added Mr. Stein.  

Digital Realty completed the colocation expansion of TOR1 in July 2020.  Digital Realty currently operates over 20 megawatts of capacity across two data centers in the Toronto region, with more than 60 megawatts planned at full build-out. 

For more information, please visit https://www.digitalrealty.com/data-centers/toronto

About Digital Realty
Digital Realty supports the data center, colocation and interconnection strategies of customers across the Americas, EMEA and APAC, ranging from cloud and information technology services, communications and social networking to financial services, manufacturing, energy, healthcare and consumer products.  To learn more about Digital Realty, please visit digitalrealty.com or follow us on LinkedIn and Twitter. 

Media & Industry Analyst Relations
Marc Musgrove
Digital Realty
+1 (415) 508-2812
mmusgrove@digitalrealty.com

Investor Relations
John J. Stewart
Digital Realty
+1 (415) 738-6500
InvestorRelations@digitalrealty.com

This press release contains forward-looking statements which are based on current expectations, forecasts and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially, including statements related to the expansion of our Toronto facility, including the expected benefits, IBM's Direct Link 2.0, and the expected growth of the Toronto technology market.  For a list and description of such risks and uncertainties, see the reports and other filings by the company with the U.S. Securities and Exchange Commission.  The company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. 

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SOURCE Digital Realty

FAQ

What is the significance of Digital Realty's expansion in Toronto?

The expansion enhances colocation capacity and supports the growing demand for data services in Toronto, reinforcing its status as a tech hub.

How much new capacity did Digital Realty add to its One Century Place facility?

Digital Realty added 6,000 square feet and 1,500 kilowatts of colocation capacity to its facility.

When was the colocation expansion of Toronto's facility completed?

The colocation expansion of the facility was completed in July 2020.

How does IBM's Direct Link 2.0 benefit Digital Realty customers?

IBM's Direct Link 2.0 provides faster access to the IBM Cloud, allowing customers to deploy network architectures more efficiently.