SAN FRANCISCO, June 11, 2013 /PRNewswire/ -- Digital Realty Trust, Inc. (NYSE: DLR), a leading global provider of data center solutions, today announced the commencement of its new Turn-Key FlexSM lease with Peak Hosting, a trusted managed Operations-as-a-Service provider. The new lease is for Turn-Key Flex space at Digital Realty's data center located in Ashburn, VA and will expand the brand and service offerings of Peak Hosting and support Peak Hosting's critical operations, including disaster recovery.
"We are very pleased to expand our relationship with Peak Hosting at our Digital Ashburn Datacampus," said Michael F. Foust, Chief Executive Officer of Digital Realty. "Understanding their business needs in terms of geographic diversity and flexibility enabled us to deliver a data center solution that will support their immediate and long-term growth plans."
"Several factors led to our choosing Digital Realty to expand our east coast footprint," said Jeffrey Papen, founder of Peak Hosting. "We committed to over a megawatt in one of Digital Realty's newest properties where we can leverage our deep consulting and technological experience to build, from scratch, a managed hosting environment where we can implement custom designs to solve the specific business problems that our clients face."
Referring to Digital Realty's data center as a "blank canvas" with an independent power and cooling infrastructure, Papen stated that Peak Hosting's latest expansion will help reduce client costs because of its energy efficiency. He added that Peak Hosting's proprietary AlwaysUp ArchitectureSM allows it to stand alone as the only cloud or managed hosting provider to deliver a 100 percent service level agreement with zero exceptions or carve outs for scheduled or emergency maintenance windows.
For more than a decade, Peak Hosting has positioned itself to allow its clients the freedom to concentrate on the things it cannot outsource, such as developing intellectual property and sales and marketing programs. "For companies with less than 1,000 servers, the economic incentive to do things in-house simply isn't there," said Matt Lewin, Chief Executive Officer for Peak Hosting. "It just becomes a distraction," Lewin said. "We are eliminating 'cloud fatigue' for businesses across the nation and providing the best engineers, architects, and support staff on the Internet. This isn't just 'managed hosting'; it's a fully-outsourced, customized technical operations service."
"Our commitment to meet customer requirements with flexible and reliable data center solutions will continue to differentiate us in the market place," said Matt Miszewski, Senior Vice President, Sales of Digital Realty. "Not every provider can offer the same level of commitment to customers – and we excel at seamlessly putting the right pieces together in order to deliver the best data center solution so that our customers can extend their brand and services in the way that Peak Hosting is doing today."
Digital Realty's Turn-Key Flex℠ solution is a modular approach to delivering secure, enterprise quality data center space to meet customers' just-in-time requirements. Designed to provide maximum flexibility, reliability and efficiency, each Turn-Key Flex facility comes fully commissioned with its own dedicated electrical and mechanical infrastructure. Utilizing Digital Realty's proprietary POD Architecture® and extensive supply chain, Digital Realty's next generation Turn-Key Flex data center solution is designed for the future and ready today.
About Digital Realty
Digital Realty Trust, Inc. focuses on delivering customer driven data center solutions by providing secure, reliable and cost effective facilities that meet each customer's unique data center needs. Digital Realty's customers include domestic and international companies across multiple industry verticals ranging from information technology and Internet enterprises, to manufacturing and financial services. Digital Realty's 122 properties, excluding three properties held as investments in unconsolidated joint ventures, comprise approximately 22.7 million square feet as of April 26, 2013, including 2.6 million square feet of space held for development. Digital Realty's portfolio is located in 32 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.
About Peak Hosting
Peak Hosting, selected by HostReview as one of the Top 10 companies in the category of Best Managed Hosting, is a fully-outsourced technical operations company that custom designs, builds and maintains enterprise-level computing environments for businesses. Peak Hosting's engineers, who average more than 15 years of industry experience, have designed, built, and scaled many of the largest and most well-known Internet giants.
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 Digital Realty's new lease with Peak Hosting, supporting Peak Hosting's future growth plans, expected cost savings to Peak Hosting's customers, and strategies and plans. 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 center 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 center 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 Report on Form 10-Q for the quarter ended March 31, 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.
For Additional Information:
A. William Stein
Pamela M. Garibaldi
Chief Financial Officer and
Chief Investment Officer
Digital Realty Trust, Inc.
Digital Realty Trust, Inc.
+1 (415) 738-6500
+1 (415) 738-6500
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SOURCE Digital Realty Trust, Inc.