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Volume 30, Issue 1

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Jon Seals

Jon Seals

DENVER – CoreSite Realty Corporation (NYSE:COR), a premier provider of secure, reliable, high-performance data center and interconnection solutions across the U.S., today announced it has successfully completed the following annual examinations for the colocation services offered across its platform of 16 operating multi-tenant data centers:

  • Service Organization Control (SOC) 2 Type 2
  • Statement on Standards for Attestation Engagements (SSAE) No. 16 (SOC 1) Type 2
  • International Organization for Standardization certification (ISO 27001)
  • Payment Card Industry (PCI) Data Security Standard (DSS)
  • Health Insurance Portability and Accountability Act (HIPAA) validation

The SOC 1 and SOC 2 examinations are attestation standards issued by the American Institute of Certified Public Accountants (AICPA). SOC 2 is measured using a standardized set of criteria, requirements, and controls; whereas, SOC 1 is measured against company-defined control objectives and underlying controls. The examinations provide CoreSite customers with the assurance of corporate controls, including controls relating to security, reliability, environmental compliance, and operational excellence. Companies with compliance requirements may require SOC 1 or SOC 2 examination reports, including publicly traded enterprises, financial firms, and healthcare organizations.

ISO 27001 is an internationally recognized standard that outlines the requirements for constructing a risk-based framework to initiate, implement, maintain, and manage information security within an organization. The ISO 27001 certification, one of the most stringent certifications for information security controls, confirms that specified information security controls and other forms of risk treatment are in place to detect and defend against potential data system vulnerabilities. The certification also ensures that the information security controls continue to meet security needs on an ongoing basis. The scope of the ISO 27001 certification is applicable to the information security management system (ISMS) supporting CoreSite’s provision and operation of 24x7 colocation services for its customers, and covers both its corporate policies and procedures as well as those of all of its operating data centers.

The PCI DSS is a comprehensive set of standards that require merchants and service providers that maintain or host systems that store, process, or transmit customer payment-card data to adhere to strict information security controls and processes. As a provider of data center colocation services, CoreSite has proactively met the relevant requirements for its business in support of the PCI compliance needs of its customers.

HIPAA requires that covered entities take strong measures to protect the privacy and security of health information. By attaining HIPAA validation, CoreSite provides assurance to healthcare providers and other related enterprises that its national platform of multi-tenant data centers conforms to a high standard of data security and provides a secure environment for customers’ sensitive and confidential data.

CoreSite’s numerous data center controls support its diverse communities of interest in meeting a wide variety of United States regulatory requirements, such as Federal Information Security Management Act (FISMA). Working with its current compliance initiatives and specific customer needs, CoreSite has enabled its customers to achieve a high level of certification within CoreSite’s national platform of network-dense, cloud-enabled multi-tenant data centers in all of these areas. In addition, the annual processes to successfully complete these compliance initiatives underscore CoreSite’s strong commitment to operational excellence across the organization.

All of the above examinations were conducted by Schellman & Company, LLC, an independent CPA and Qualified Security Assessor (QSA) firm.

About CoreSite

CoreSite Realty Corporation (NYSE:COR) delivers secure, reliable, high-performance data center and interconnection solutions to a growing customer ecosystem across eight key North American markets. More than 900 of the world’s leading enterprises, network operators, cloud providers, and supporting service providers choose CoreSite to connect, protect and optimize their performance-sensitive data, applications and computing workloads. Our scalable, flexible solutions and 350+ dedicated employees consistently deliver unmatched data center options — all of which leads to a best-in-class customer experience and lasting relationships. For more information, visit www.CoreSite.com.

Forward Looking Statements

This press release may contain forward-looking statements within the meaning of the federal securities laws. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. In some cases, you can identify forward-looking statements by the use of forward-looking terminology such as "believes," "expects," "may," "will," "should," "seeks," "approximately," "intends," "plans," "pro forma," "estimates" or "anticipates" or the negative of these words and phrases or similar words or phrases that are predictions of or indicate future events or trends and that do not relate solely to historical matters. Forward-looking statements involve known and unknown risks, uncertainties, assumptions and contingencies, many of which are beyond CoreSite's control that may cause actual results to differ significantly from those expressed in any forward-looking statement. These risks include, without limitation: any adverse developments in local economic conditions or the demand for data center space in these markets; operational difficulties, including difficulties relating to information systems, internal processes and information security; significant industry competition; financial market fluctuations; and other factors affecting the real estate industry generally. All forward-looking statements reflect CoreSite's good faith beliefs, assumptions and expectations, but they are not guarantees of future performance. Furthermore, CoreSite disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, of new information, data or methods, future events or other changes. For a further discussion of these and other factors that could cause CoreSite's future results to differ materially from any forward-looking statements, see the section entitled "Risk Factors" in CoreSite's most recent annual report on Form 10-K, and other risks described in documents subsequently filed by CoreSite from time to time with the Securities and Exchange Commission.

Round Will Support Aggressive Expansion Both in the U.S. and Abroad
 
BOSTON, Mass. Cloud Technology Partners (CTP), the premier cloud services and software company for enterprises moving to cloud, today announced that it successfully closed its Series C funding round. Existing investors Rackspace (NYSE: RAX), State Street Bank (NYSE: STT) and Pritzker Group Venture Capital participated in the financing. Scott Crenshaw, Senior Vice President Strategy and Product at Rackspace and Antoine Shagoury, Executive Vice President and CIO at State Street Bank, have joined the Cloud Technology Partners Board of Directors.
 
"We have experienced near triple-digit growth this year and our outlook for 2017 and beyond is equally strong. We are using this funding to support our rapid expansion while scaling our core offerings, go-to-market programs and global coverage," said Chris Greendale, Founder and CEO, Cloud Technology Partners. "We are exceedingly pleased with the vote of confidence our investors, ecosystem partners, clients and employees have made in us as we continue to build a great cloud company."
 
Specifically, the funding will be focused in these four areas:
 
1) Expanding the Cloud Adoption Program
 
Based on the best practices from hundreds of successful engagements, the Cloud Adoption Program helps clients safely accelerate their cloud application migration by bringing together the best technology, practices and learnings for enterprise-wide cloud adoption.
 
"The Cloud Adoption Program has been a huge success with our enterprise clients who want to ensure their cloud initiatives start - and stay - on track," said Robert Christiansen, Vice President and Cloud Adoption Practice Lead at Cloud Technology Partners.  "CTP's prescriptive approach to cloud adoption and application migration has proven invaluable to dozens of enterprises including the most prominent financial services, telecommunications, manufacturing and technology firms in the world. Today we are expanding the program to cover end-to-end cloud adoption for clients across all industries and on all major public cloud providers including Amazon Web Services, Google Cloud Platform and Microsoft Azure."
 
2) Expanding CTP's Digital Innovation Practice
 
"Our clients are turning to CTP to design and implement cloud-native software solutions leveraging the Internet of Things (IoT), Big Data, Machine Learning, Blockchain and other emerging technologies. We are already working on some of the world's most advanced IoT initiatives and we will be using this round to continue to expand our IoT, software development and innovation capabilities," said John Treadway, Senior Vice President, Cloud Technology Partners.
 
3) Building CTP's Managed Services Capabilities
 
This April, Rackspace and Cloud Technology Partners announced a strategic partnership to deliver professional and managed services for enterprises leveraging Amazon Web Services, Microsoft Azure and other cloud platforms.
 
"The Rackspace and CTP teams are integrating our offerings to create a new category of managed services and provide enterprise clients with unparalleled end-to-end cloud services," said Brian Ott, Vice President and Shared Services Practice Lead, Cloud Technology Partners. "We reduce the risk and accelerate the success of our clients' cloud adoption and ongoing operations by working as one cohesive team from the early stages of an engagement through the operations and optimization phases. This eliminates any disruption during a client's onboarding to a management platform."
 
From cloud strategy through ongoing operations, the new joint offerings deliver the best managed services, software and intellectual property available on the market. 
 
4) Expanding CTP's Sales & Delivery Teams
 
"In order to meet unprecedented market demand, we are also using the C round to grow our sales and delivery teams both across the United States and Internationally," said Bruce Coughlin, Executive Vice President, Cloud Technology Partners.  "The market opportunity is staggering and we look forward to scaling globally to support our enterprise clients. This funding will allow us to invest properly in both sales and delivery, while also driving the innovation that our clients expect."
 
About Cloud Technology Partners
Cloud Technology Partners (CTP) is the premier cloud services and software company for enterprises moving to AWS, Google, Microsoft and other leading cloud providers. From strategy to operations, CTP accelerates end-to- end cloud adoption with the best implementation services, software and intellectual property available on the market. CTP's comprehensive framework for cloud adoption and dedicated software development capabilities help clients achieve business results faster, no matter where they are in their cloud transformation. For more information, please visit: www.cloudtp.com.
 
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Cloud Technology Partners, cloudTP and CTP are registered trademarks of Cloud Technology Partners. All other company, brand and product names contained in this announcement may be trademarks or registered trademarks of their respective holders.

The World Risk Index has been published within the World Risk Report 2016. Calculated by the Institute of Spatial and Regional Planning at the University of Stuttgart (IREUS), the index assesses the risk of disaster in 171 countries through the combined analysis of natural hazards and societal vulnerabilities.

The World Risk Index is intended to give answers to four key questions for each country:

  • How likely is an extreme natural event, and will it affect people?
  • How vulnerable are people to natural hazards?
  • To what extent can societies cope with acute disasters?
  • Is a society taking preventive measures to face natural hazards to be reckoned with in the future?

The highest risk countries are listed as:

1. Vanuatu
2. Tonga
3. Philippines
4. Guatemala
5. Bangladesh
6. Solomon Islands
7. Brunei Darussalam
8. Costa Rica
9. Cambodia
10. Papua New Guinea

The ten lowest risk countries are:

162. Sweden
163. United Arab Emirates
164. Kiribati
165. Bahrain
166. Iceland
167. Grenada
168. Barbados
169. Saudi Arabia
170. Malta
171. Qatar.

The report can be downloaded here in English and German.

Healthcare organizations – ranging from physician practice groups to large, multi-state hospital systems – face a variety of risks, including fraud and abuse, as well as HIPAA privacy issues. Starting from a baseline risk assessment, healthcare organizations are often juggling among competing risks and responding to enforcement threats.

The design and implementation of an effective healthcare compliance program is extremely difficult and requires dedication, resources, and a real leadership commitment. In many cases, healthcare organizations, big and small, have become complacent and fail to recognize the need for continuous assessment and improvements.

Healthcare organizations that ignore the importance of encouraging reporting of complaints and responding to those employee concerns are only asking for trouble. There are plenty of whistleblower lawyers encouraging potential clients to bring False Claims Act suits in order to earn significant payouts under the qui tam compensation program.

...

http://blog.volkovlaw.com/2016/08/healthcare-compliance-juggling-risk-mitigation-strategies/

Tuesday, 30 August 2016 00:00

Can Data Centers Really Revive Rural Towns?

That’s the question a recent article in the New York Times asks. The conclusion is “negative.” While local officials often tout these projects as a way to boost rural economies that have been suffering as a result of the loss of manufacturing jobs, nobody can really claim that a data center, no matter how large, can offer anywhere close to the amount of jobs a textile or a furniture factory does.

There are other economic benefits, such as taxes on the enormous electricity and equipment purchases companies make for these facilities. But those benefits are often diminished by tax breaks local and state governments offer companies to lure their big data center construction projects in.

Yes, tax breaks expire over time. Also, it’s not uncommon for one major data center build to put a rural community on the map and attract more construction by other companies. Prineville, Oregon, is a prime example, where a data center built by Facebook was followed by a data center built by Apple.

...

http://www.datacenterknowledge.com/archives/2016/08/29/can-data-centers-really-revive-rural-towns/