Roundup: Digital Realty, Terremark, Riverbed
October 23rd, 2009 By: John Rath
Here’s a roundup of news announcements from the data center and hosting industry:
- Digital Realty Trust Outlines Third Quarter Leasing Activity. Digital Realty Trust announced 3rd quarter leasing activity Thursday, reflecting strong incremental revenue growth for the company. For the period ending September 30, 2009 leases totaled 101,000 square feet. Approximately 90,000 square feet of this was Turn-Key Datacenter space and 11,000 square feet was non-technical space. For the year to date the company has signed leases totaling approximately 278,000 square feet of space. “The continued demand for our Turn-Key Datacenter product has produced strong leasing results in the third quarter,” said CEO Michael Foust. On a year-to-date basis, the leases that have commenced will contribute approximately $54.1 million of incremental revenue recognized in 2009. Digital’s stock price has been steadily climbing since July 2009 and closed Thursday up 1.57 at $46.39
- Terremark launches cloud-enabled disaster recovery services. On Thursday Terremark announced an addition to its portfolio of virtualized services by launching cloud-enabled disaster recovery (DR) services. The new offering leverages their cloud computing platform and delivers pre-provisioned computing and network capacity along with data replication and fully managed data center failover. The new DR service is based on NetApp and VMware vSphere technologies. VMware announced Thursday that vSphere 4 has surpassed 500,000 downloads. Tom Mays, Vice President for Advanced Data Solutions at Terremark said “Our cloud-based disaster recovery offering is more than just a remote-replication solution; it is a complete cloud-based service that incorporates the enterprise-class services necessary to run IT operations securely in the event of a disaster declaration.”
- Riverbed 3rd quarter 2009 financial results. IT infrastructure performance company Riverbed announced record 3rd quarter 2009 results Thursday, with revenue exceeding $100 million. Key financial statistics included revenue increases 12% over prior quarter and 18% over prior year, cash flow from operations of $38 million and $297 million in cash and marketable securities and no debt. Riverbed CEO Jerry Kennelly said “as a critical enabler of fundamental business initiatives including virtualization, cloud computing and reducing data infrastructure costs, WAN optimization continues to be a top IT priority.” In the third quarter of 2009 Riverbed was positioned by Gartner in the leaders quadrant for WAN Optimization Controllers, added 8 Fortune 500 customers, and introduced the Central Management Console – Virtual Edition, designed for managed service providers.