Steadfast Expands Services to Chicago Customers with Turn-Key Datacenter® Space in Digital Realty Trust's 350 E. Cermak Road Property
SAN FRANCISCO, Jan. 31, 2011 /PRNewswire/ --Digital Realty Trust, Inc. (NYSE: DLR), a global datacenter provider, has completed a new Turn-Key Datacenter® lease agreement with Steadfast Networks (www.steadfast.net) that expands Steadfast's footprint in Digital Realty Trust's 350 E. Cermak Road property. Through this lease agreement, Steadfast Networks will expand IT infrastructure to meet growing demand for its managed dedicated datacenter services, collocation services, and IT services for financial services and trading companies. In total, Steadfast Networks now has more than 1.3 MW of power and more than 17,000 square feet of datacenter space in 350 E. Cermak as well as a significant amount of office space for its corporate operations.
"This datacenter expansion enables Steadfast to provide our customers with a complete suite of services, including managed services, hardware, IT consulting, network services, space/power, monitoring, on-site staffing and more. We offer companies in the financial services and trading industry a compelling value proposition: our services decrease their capital expenditures while also reducing the workload of their internal IT teams, whether they work with Steadfast just on specific projects or outsource their entire IT department to our team," said Karl Zimmerman, Founder and CEO of Steadfast Networks.
"We are very pleased to expand our relationship with Steadfast Networks and support the growth of its business," said Brent Behrman, Senior Vice President, Sales of Digital Realty Trust. "Our Turn-Key Datacenters feature state-of-the-art, raised floor datacenter space that adheres to the highest engineering design standards with the most reliable components available. We are committed to meeting the technical specifications of our customers such as Steadfast Networks by providing a secure, reliable and cost effective datacenter facility."
Each Digital Realty Trust Turn-Key Datacenter facility is physically secure and features a state-of-the-art power and cooling architecture that has been optimized for green operation. Every Turn-Key Datacenter is built using the Company's proprietary POD Architecture® and uses metered power to ensure that clients pay only for the power that they use. They also come standard with Digital Realty Trust's PowerVU software, which enables centralized monitoring and management of datacenter power consumption, energy efficiency and load analysis.
About Steadfast Networks
Steadfast Networks (http://steadfast.net) is a Chicago-based company that provides data management services including managed dedicated servers, financial exchange market data, and Chicago and New York colocation services. The company meets the data and colocation needs of thousands of small and mid-sized companies and operates more than 20,000 square feet of data center space. Its Steadfast Financial Networks provides execution access services to the largest financial markets in the world, providing low-latency proximity financial market data. Steadfast Networks has been listed on the Inc. 5000 list of America's fastest growing private companies for the past three years.
About Digital Realty Trust, Inc.
Digital Realty Trust, Inc. enables customers to deliver critical business applications by providing secure, reliable and cost effective datacenter facilities. Digital Realty Trust'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 Trust's 96 properties, excluding two properties held as investments in unconsolidated joint ventures, comprise approximately 16.8 million square feet as of December 9, 2010, including 2.3 million square feet of space held for redevelopment. Digital Realty Trust's portfolio is located in 28 markets throughout Europe, North America and Singapore. For additional information, please visit Digital Realty Trust's website at http://www.digitalrealtytrust.com.
Turn-Key Datacenter, Powered Base Building and POD Architecture are registered trademarks of Digital Realty Trust.
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 the new lease with Steadfast Networks. These risks and uncertainties include, among others, the following: the impact of the recent deterioration in global economic, credit and market conditions; 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; its failure to repay debt when due 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 operate acquired or redeveloped properties; risks related to joint venture investments, including as a result of its lack of control of such investments; delays or unexpected costs in development or redevelopment 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 redevelopment; 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; changes in foreign laws and regulations, including those related to taxation and real estate ownership and operation; and 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, 2009 and Quarterly Reports on Form 10-Q for the quarters ended March 31, 2010, June 30, 2010 and September 30, 2010. 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 A. Matthews
Chief Financial Officer and
Director of Investor Relations
Chief Investment Officer
Digital Realty Trust, Inc.
Digital Realty Trust, Inc.
SOURCE Digital Realty Trust, Inc.