Edmunds.com, Inc. To Establish Advanced Corporate Datacenter In Digital Realty Trust, Inc. Turn-Key Datacenter(TM) Facility
SAN FRANCISCO, July 9 /PRNewswire-FirstCall/ -- Digital Realty Trust, Inc. (NYSE: DLR), a leading owner and manager of corporate datacenters and Internet gateways, has completed a Turn-Key Datacenter(TM) lease agreement with Edmunds.com, Inc. (http://www.edmunds.com), which publishes four leading Web sites that empower, engage and educate automotive consumers. Through this long-term lease agreement, Edmunds will establish an advanced corporate datacenter in a Digital Realty Trust facility. The production datacenter will host mission critical computing infrastructure supporting Edmunds' Web site properties and Business Intelligence systems.
"Digital Realty Trust's Turn-Key Datacenter(TM) space meets our immediate technical needs, and it will accommodate the growth we expect over the years. Digital Realty Trust has made it clear that their goal is to be our long-term datacenter partner, and they have backed that up by structuring the relationship in a very flexible way that will adapt to our business over time," said Philip Potloff, Executive Director of Infrastructure Operations at Edmunds. "The Digital Realty Trust team has also proven to be a great asset to our staff as we plan for the transition of our datacenter from its current location. The company has in-depth experience ensuring the success of datacenter moves, and we appreciate using its staff as an extension of our team during this process."
Edmunds' four Web sites are: Edmunds.com, the premier online resource for automotive consumer information, launched in 1995 as the first automotive information Web site; Inside Line, which has become the most-read automotive enthusiast Web site since its launch in 2005; CarSpace, which launched in 2006 as an automotive social networking Web site and is home to the oldest and most established automotive community; and AutoObserver.com, which was launched in 2007 to provide insightful automotive industry commentary and analysis.
"Edmunds.com had a very clear vision of what it wants to achieve with this datacenter project, and it has been a great collaborative process working with its IT team to develop a plan that accomplishes each of its technical and business goals," said Michael Foust, CEO of Digital Realty Trust. "One of the major datacenter trends affecting corporate customers today is the rising cost and limited availability of power in most datacenter facilities. That is a major reason why corporate customers are attracted to Digital Realty Trust's Turn-Key Datacenters(TM). Our buildings have tremendous power capacity and we structure our contracts in a flexible, cost-effective way that protects clients like Edmunds.com from those power-related challenges."
Digital Realty Trust's Turn-Key Datacenters(TM) are move-in ready, physically secure facilities with the power and cooling capabilities to support critical enterprise applications. Digital Realty Trust offers scalability from one hundred square feet to over one hundred thousand square feet in state-of-the-art facilities with true carrier and managed service provider neutrality and metered power. Its Critical Facilities Management(TM) services and team of technical engineers and datacenter operations experts support the 24/7 mission-critical applications of today's technology and corporate enterprise tenants.
About Digital Realty Trust, Inc.
Digital Realty Trust, Inc. owns, acquires, repositions and manages technology-related real estate. Digital Realty Trust's 62 properties, excluding one property held in an unconsolidated joint venture, contain applications and operations critical to the day-to-day operations of technology industry tenants and corporate enterprise datacenter tenants. Comprising approximately 11.4 million rentable square feet, including 1.7 million square feet of space held for redevelopment, Digital Realty Trust's portfolio is located in 25 markets throughout North America and Europe. For additional information, please visit the Digital Realty Trust's website at http://www.digitalrealtytrust.com.
Safe Harbor Statement
This press release contains forward-looking statements which are based on current expectations, forecasts and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially. These risks and uncertainties include adverse economic or real estate developments in the Company's markets or the technology industry; general economic conditions; defaults on or non-renewal of leases by tenants; increased interest rates and operating costs; inability to manage domestic and international growth effectively; failure to obtain necessary outside financing; decreased rental rates or increased vacancy rates; difficulties in identifying properties to acquire and completing acquisitions at acceptable return levels; failure to successfully operate acquired properties and operations; failure of acquired properties to perform as expected; failure to successfully redevelop properties acquired for such purposes or unexpected costs related thereto; failure to maintain the Company's status as a REIT; environmental uncertainties and risks related to natural disasters; financial market fluctuations; changes in foreign currency exchange rates; risks of operating in foreign markets; 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 the Company with the United States Securities and Exchange Commission, or SEC, including the Company's annual report on Form 10-K for the year ended December 31, 2006, as updated by subsequent reports on Form 10-Q and Form 8-K filed with the SEC. The Company 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
Chief Financial Officer and
Chief Investment Officer
Digital Realty Trust, Inc.
(415) 738-6500
Pamela A. Matthews
Investor/Analyst Information
Digital Realty Trust, Inc.
(415) 738-6500
Chris Crosby
Sales & Technical Operations
Digital Realty Trust, Inc.
(214) 231-1350
SOURCE Digital Realty Trust, Inc.