Thorough external evaluation confirms operational excellence in security and environmental controls provided to data center customers by CoreSite
DENVER, CO - August 21, 2014 -CoreSite Realty Corporation (NYSE: COR), a provider of secure, reliable, high-performance data center solutions, today announced the company has completed Statement on Standards for Attestation Engagements (SSAE) 16 Type 2 examinations covering 15 operational data centers across the United States. SSAE 16 provides CoreSite data center customers with assurance of corporate controls, including security and environmental compliance, and validation of CoreSite's commitment to the most stringent standards of operational excellence. BrightLine, a licensed CPA firm, conducted the CoreSite SSAE 16 examinations over the twelve-month period that ended June 30, 2014. CoreSite is committed to performing the SSAE 16 examination in future years.
SSAE 16 is an attestation standard issued by the American Institute of Certified Public Accountants (AICPA) that reports on CoreSite controls supporting the services provided to customers. CoreSite management developed internal control objectives to support first-class data center management services that were used to complete the examination. Companies that are compliance-sensitive and may require an SSAE 16 examination report include publicly-traded enterprises, financial firms, and healthcare organizations. The SSAE 16 report includes management's description of CoreSite's systems and the suitability of the design and operating effectiveness of the controls. Further, the report contains a written assertion from management regarding the systems and a service auditor's opinion letter.
CoreSite Realty Corporation (NYSE:COR) delivers secure and reliable data center solutions across eight key North American markets. More than 800 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. Our flexible, high-performance products and 350+ dedicated employees consistently deliver unmatched, scalable data center options -- all of which leads to a best-in-class customer experience. 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.