|[January 27, 2014]
CoreSite Announces Strategic Realignment of Sales and Marketing Organization
DENVER --(Business Wire)--
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 (News - Alert) 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 (News - Alert) (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 (News - Alert), 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,
"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 mith 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."
CoreSite Realty Corporation (News - Alert) (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.
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