INAP Strategically Expands with Digital Realty in Greater Phoenix
Phoenix Growth Requirements Anchored by Leading Multinational Software Company
INAP's Two California Data Centers with Digital Realty are Realigned and Positioned for Future Growth
ATLANTA and SAN FRANCISCO, July 6, 2017 /PRNewswire/ -- Internap Corporation (NASDAQ: INAP), a provider of high-performance Internet infrastructure including Colocation, Cloud, and Network Services; and Digital Realty Trust, Inc. (NYSE: DLR), a leading global provider of data center, colocation and interconnection solutions, announced today that they have entered into an amended agreement for data center space leased to INAP in Chandler, Arizona. The state-of-the-art Digital Realty data center is located at 2121 S. Price Road in the Chandler Price Road technology corridor. The new expansion is driven by a significant anchor tenant in the enterprise software industry.
In addition to the Greater Phoenix location, which is the largest data center in Arizona, INAP also partnered with Digital Realty to realign its existing leases in El Segundo and Oakland, California. The amendments provide renewed lease extensions, with potential for additional space to support INAP's growth in these markets.
"These new agreements with Digital Realty are one of the key initiatives previously described as Phase II of our targeted operations improvements," stated Robert M. Dennerlein, Chief Financial Officer of INAP. "We not only expanded our facility on a success basis in a great footprint in Phoenix, but we also developed a path to future growth that our new sales team can now capture. We are excited about our growing momentum to meet customer requirements for Tier 3-type facilities in our portfolio."
INAP's expansion into its own space in the Phoenix Digital Realty facility gives it the high density flexibility to grow beyond the initial need for approximately 25,000 square feet and 4 MW of power and to deliver up to 20 KW per cabinet in the new expansion space.
Andrew P. Power, Chief Financial Officer, Digital Realty, commented, "Digital Realty prides itself on supporting its customers from simple colocation solutions to the latest high-density complex deployments. Extending these contract durations, and serving multiple markets, demonstrates this capability, particularly as INAP takes greater control of its footprint. We welcome the increased commitment on INAP's part and look forward to our expanded partnership."
INAP is now adding Phoenix to its list of metro markets served offering colocation, AgileCLOUD, and connectivity around the world. Phoenix is a new strategic market for INAP given high demand for Internet infrastructure in the region. The other attractive attributes include: favorable pricing on power and a proven destination for best in class Tier 3-type facilities, particularly for disaster recovery requirements.
Richard Diegnan, INAP's General Counsel and Head of Global Real Estate, stated, "These three data centers and the markets they serve are important components of INAP's data center portfolio. We are excited that we could solidify long-term commitments with Digital Realty, deepening our partnership to benefit our customers and fuel our revenue growth."
About INAP
Internap Corporation (NASDAQ: INAP) is a leading provider of Internet infrastructure through both Colocation Business and Enterprise Services (including colocation, network connectivity, IP, bandwidth, and managed hosting), and Cloud Services (including enterprise-grade AgileCLOUD, bare-metal servers, and SMB iWeb platforms). INAP's global high-capacity network connects its Tier 3-type data centers in 20 major markets throughout North America, Europe, and Asia. INAP continues to transform since its inception in 1996, meeting customer demand for custom solutions and high-touch state-of-the-art colocation and cloud retail products and services. INAP operates a premium business model that provides high-power density colocation, low-latency bandwidth, and public and private cloud platforms in an expanding Internet infrastructure industry. For more information, visit www.inap.com.
About Digital Realty
Digital Realty supports the data center, colocation and interconnection strategies of more than 2,300 firms across its secure, network-rich portfolio of data centers located throughout North America, Europe, Asia and Australia. Digital Realty's clients include domestic and international companies of all sizes, ranging from financial services, cloud and information technology services, to manufacturing, energy, gaming, life sciences and consumer products.
Investor Contacts
INAP
Richard Ramlall
404-302-9982
[email protected]
Carolyn Capaccio/Jody Burfening
LHA
212-838-3777
[email protected]
Digital Realty
Andrew P. Power
Chief Financial Officer
(415) 738-6500
John J. Stewart / Maria S. Lukens
Investor Relations
Digital Realty
(415) 738-6500
SOURCE Internap Corporation
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