Overview
Executive Overview
CoreSite, an American Tower company, is a leading provider of high-performance data center, cloud access, and interconnection solutions. Founded in 2001 and headquartered in Denver, Colorado, CoreSite operates a network of 28 provider-neutral data centers across 10 strategic North American markets, including Silicon Valley, Los Angeles, Chicago, New York, and Northern Virginia. The company serves a diverse portfolio of over 1,350 customers, ranging from Global Fortune 1000 enterprises and cloud service providers to media and entertainment companies and financial institutions.
CoreSite’s core business centers on providing secure, reliable colocation environments that serve as the foundational infrastructure for hybrid IT strategies. Their facilities are designed to meet the rigorous demands of modern digital business, offering high-density power configurations and industry-leading uptime. Beyond physical space, CoreSite is a critical hub for global communication, facilitating thousands of interconnections between networks, clouds, and partners.
Following its acquisition by American Tower in 2021, CoreSite has integrated its data center expertise with American Tower’s extensive distributed real estate portfolio. This synergy positions CoreSite to lead the evolution of 5G and edge computing, providing a comprehensive infrastructure platform that spans from the core to the edge. The company continues to focus on expanding its capacity in high-demand markets while maintaining a neutral environment that allows customers the freedom to choose the service providers that best meet their needs.
Company Differentiation
CoreSite distinguishes itself through a "customer-first" operational philosophy that prioritizes agility and long-term partnership over the rigid, bureaucratic structures often found in larger global REITs. Their company culture is built on a foundation of operational excellence and a "white-glove" approach to service, ensuring that customers have direct access to decision-makers and technical experts rather than being routed through complex support tiers.
A key differentiator in their business model is the focus on being a "connection-rich" provider rather than a commodity space provider. They maintain a lean, specialized team that excels in high-touch deployments, helping customers navigate the complexities of hybrid IT. This philosophy extends to their sustainability and corporate responsibility initiatives, where they integrate energy-efficient cooling and power technologies not just as a cost-saving measure, but as a core value proposition for modern enterprises. By remaining focused on the North American market, CoreSite maintains a high level of expertise and responsiveness that allows them to act as a strategic extension of their clients' IT teams.
Company Demographics
Product Offerings
- Colocation: Ranging from individual cabinets to private cages and custom-built data suites for large-scale deployments.
- Interconnection: Includes physical cross-connects, the Any2Exchange® for peering, and the Open Cloud Exchange® for virtualized cloud access.
- Cloud Services: While not a cloud provider themselves, CoreSite offers "Cloud Direct Connect" for dedicated, private links to AWS, Azure, Google, Oracle, and IBM.
- Build-to-Suit: Opportunities for large-scale customers to collaborate on custom data center builds or wholesale space tailored to specific power and cooling requirements.
Product Differentiation
CoreSite’s product portfolio is defined by its high-density power capabilities and its robust interconnection ecosystem, specifically the Open Cloud Exchange® (OCX). Unlike many competitors who focus solely on square footage, CoreSite designs its facilities to support the extreme power and cooling requirements of modern AI, machine learning, and high-performance computing (HPC) workloads. Their technical advantage lies in their ability to offer "native" access to major public clouds—including AWS, Microsoft Azure, and Google Cloud—within their own facilities, significantly reducing latency and egress costs for their tenants.
The Open Cloud Exchange is a standout feature, providing a software-defined networking (SDN) platform that allows customers to manage their interconnections through a single pane of glass. This enables rapid provisioning of virtual connections to a vast ecosystem of cloud providers, network service providers, and SaaS platforms. Furthermore, CoreSite’s facilities are strategically located in key edge markets, providing the physical proximity necessary for sub-millisecond latency. Their product strategy emphasizes a "tethered" campus model, where multiple buildings in a single metro area are connected via high-count fiber, allowing customers to scale seamlessly across the campus as if they were in a single data hall.
