Digital Realty delivers long-term data centre solutions to Navisite
Digital Realty Trust, Inc. (NYSE: DLR), a leading global provider of data centre solutions, announced today that it has signed two long-term leases with Navisite Europe Limited, a subsidiary of Navisite, LLC, a leading international provider of cloud-enabled hosting, managed applications and services. The lease agreements provide Navisite with a platform to support the long-term growth of its UK business at Digital Realty’s high-security Woking data centre and its state-of-the-art Redhill data centre.
“We have the flexibility in place to support our clients as they grow,” said Bernard Geoghegan, Managing Director, EMEA, at Digital Realty. “Connectivity is key in any outsourced IT strategy and Digital Realty has invested extensively to provide high-speed networks to ensure that data is transported between data centres and back to client premises rapidly and securely. Navisite's expansion into our Woking and Redhill facilities is a testament to that strategy, as well as to our commitment to providing world-class, carrier-neutral facilities. We are providing Navisite with an optimised network connectivity infrastructure to support the delivery of its entire portfolio of products and services to its clients, whilst avoiding capital-intensive deployment costs.”
“The business environment is experiencing high levels of change, with an increased focus on compliance, data sovereignty and regulation,” said Ron Pepin, Director of Data Centre Operations, Time Warner Cable Business Class. “The agreements with Digital Realty for expanded data centre space support Navisite’s goal of providing a best- in-class data centre footprint to meet the high levels of support, uptime and security of our present and future clients. The structure by which Digital Realty has built its facilities provides power, cooling and redundancy, as well as security, at a scale that will reduce Navisite’s time-to-market for provisioning new IT services in a secure way. These factors were key for us in making the decision to expand our data centre footprint with Digital Realty."
Navisite’s cloud business has grown exponentially since the NaviCloud® platform was introduced in 2010. Leasing in Digital Realty’s data centres at Woking and Redhill will enable Navisite to provide disaster recovery services over the cloud within the United Kingdom. With access to the new cloud node at Redhill and the expanded capacity at the Woking data centre, Navisite will be able to provide clients that need to deliver against data sovereignty restrictions the ability to not only host all applications and data over the cloud in the UK, but also have backup and disaster recovery services available within UK boundaries.
About Navisite, LLC
Navisite, LLC, a part of Spectrum Enterprise, is a leading international provider of enterprise-class, cloud-enabled hosting, managed applications and services. Navisite provides a full suite of reliable and scalable managed services, including Application, Cloud Desktop, Cloud Infrastructure and Hosting services for organizations looking to outsource IT infrastructures to help lower their capital and operational costs. Enterprise clients depend on Navisite for customized solutions, delivered through an international footprint of state-of-the-art data centres. For more information about Navisite services, please visit navisite.com or navisite.co.uk.
About Digital Realty Trust, Inc.
Digital Realty focuses on delivering client driven data centre solutions by providing secure, reliable and cost effective facilities that meet each client’s unique data centre needs. Digital Realty’s clients include domestic and international companies across multiple industry verticals ranging from financial services, cloud and information technology services, to manufacturing, energy, health care and consumer products. Digital Realty’s 130 properties, including 12 properties held as investments in unconsolidated joint ventures, comprise approximately 24.0 million square feet as of September 30, 2013, including 2.8 million square feet of space held for development. Digital Realty’s portfolio is located in 33 markets throughout North America, Europe, Asia and Australia. Additional information about Digital Realty is included in the Company Overview, which is available on the Investors page of Digital Realty’s website at www.digitalrealty.com.
Safe Harbor Statement
This press release contains forward-looking statements which are based on Digital Realty Trust, Inc.’s current expectations, forecasts and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially, including statements related to its new leases with Navisite, its strategy and the data centre environment to support its clients’ products and services.
These risks and uncertainties include, among others, the following: the impact of the recent deterioration in global economic, credit and market conditions, including the downgrade of the U.S. government’s credit rating; current local economic conditions in its geographic markets; decreases in information technology spending, including as a result of economic slowdowns or recession; adverse economic or real estate developments in its industry or the industry sectors that it sells to (including risks relating to decreasing real estate valuations and impairment charges); its dependence upon significant tenants; bankruptcy or insolvency of a major tenant or a significant number of smaller tenants; defaults on or non-renewal of leases by tenants; its failure to obtain necessary debt and equity financing; increased interest rates and operating costs; risks associated with using debt to fund its business activities, including re-financing and interest rate risks, its failure to repay debt when due, adverse changes in its credit ratings or its breach of covenants or other terms contained in its loan facilities and agreements; financial market fluctuations; changes in foreign currency exchange rates; its inability to manage its growth effectively; difficulty acquiring or operating properties in foreign jurisdictions; its failure to successfully integrate and operate acquired or developed properties or businesses; the suitability of its properties and data centre infrastructure, delays or disruptions in connectivity, failure of its physical infrastructure or services or availability of power; risks related to joint venture investments, including as a result of its lack of control of such investments; delays or unexpected costs in development of properties; decreased rental rates or increased vacancy rates; increased competition or available supply of data centre space; its inability to successfully develop and lease new properties and space held for development; difficulties in identifying properties to acquire and completing acquisitions; its inability to acquire off-market properties; its inability to comply with the rules and regulations applicable to reporting companies; its failure to maintain its status as a REIT; possible adverse changes to tax laws; restrictions on its ability to engage in certain business activities; environmental uncertainties and risks related to natural disasters; losses in excess of its insurance coverage; changes in foreign laws and regulations, including those related to taxation and real estate ownership and operation; and changes in local, state and federal regulatory requirements, including changes in real estate and zoning laws and increases in real property tax rates.
For a further list and description of such risks and uncertainties, see the reports and other filings by Digital Realty Trust, Inc. with the U.S. Securities and Exchange Commission, including Digital Realty Trust, Inc.’s Annual Report on Form 10-K for the year ended December 31, 2012 and Quarterly Reports on Form 10-Q for the quarters ended March 31, 2013, June 30, 2013 and September 30, 2013. Digital Realty Trust, Inc. disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Caution Concerning Forward-Looking Statements This document includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management’s current expectations or beliefs, and are subject to uncertainty and changes in circumstances. Actual results may vary materially from those expressed or implied by the statements herein due to changes in economic, business, competitive, technological, strategic and/or regulatory factors, and other factors affecting the operations of Time Warner Cable Inc.
More detailed information about these factors may be found in filings by Time Warner Cable Inc. with the U.S. Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, which may be found on the websites of Time Warner Cable (www.twc.com/investors) and the Securities and Exchange Commission (www.sec.gov). Time Warner Cable is under no obligation to, and expressly disclaims any such obligation to, update or alter its forward-looking statements, whether as a result of new information, future events, or otherwise.