CoreSite Realty Corporation COR announced its distribution agreement with technology distributor Ingram Micro Inc. IM. Per the deal, Ingram Micro would offer CoreSite’s data center colocation services and solutions to several channel partners throughout the U.S. and Canada.
This tie-up with Ingram Micro – which delivers a full range of global technology and supply chain services to businesses around the world – is expected to facilitate channel partners to drive additional services opportunities and build up their monthly recurring revenues. In fact, channel customers can effortlessly embrace trending technologies; including cloud, big data and mobility.
Notably, with growth in cloud computing, Internet of Things and big data, and an increasing number of companies opting for third-party IT infrastructure; data center REITs are experiencing a boom market. These REITs pulled in their capital and scored well on the return book, producing total returns of 8.9% in May.
CoreSite has 17 secure, reliable, high-performance, enterprise-class data centers across eight strategic geographic markets in the U.S. and stands well to capitalize on this trend.
The company provides a solid platform for hosted services, disaster recovery, offsite storage, and cloud solutions which are offered to end customers by IT service providers. It has also developed SKU-based products for its tie up with Ingram Micro that would facilitate resellers’ quote and sell as a complimentary product to their existing line card in a simple and efficient manner.
CoreSite currently sports a Zacks Rank #1 (Strong Buy).
Investors interested in the REIT industry may also consider stocks like DCT Industrial Trust Inc. DCT and PS Business Parks Inc. PSB). Both stocks hold a Zacks Rank #2 (Buy).
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