Cloudscene recently caught up with Jeremy Meyers, Director of Real Estate for US-based EdgeCore Internet Real Estate. As one of the newest wholesale data center developers to enter the market, EdgeCore has big plans for the US and beyond.
The global data center construction market is heading for an appealing US$45 billion by the year 2023, according to a report from Research and Markets.
As the transition to colocation and cloud continues to soar, so too does the demand for data center infrastructure, and EdgeCore is positioning itself to play a key role in building it.
EdgeCore breaks ground with US $2bn to spend
Officially launching in February of this year, EdgeCore is a US-based provider of scalable, cloud-connected data center solutions and is currently rolling out its North American platform, with six large-scale campuses in Mesa, Ashburn, Chicago, Dallas, Reno and Silicon Valley.
“Our initial US development plans are focused on six Tier I markets, these markets have seen the majority of data center absorption historically and they’re the focus of hyperscale and enterprise users alike – Reno being the outlier, but one we see as having high growth potential,” said EdgeCore’s Director of Real Estate, Jeremy Meyers.
The national data center rollout will allow Edgecore’s customers to expand geographically under one provider, driving efficiencies in speed to market, consistency and economics.
“Once established, EdgeCore will be the only privately held data center operator with a national platform in Tier I markets,” Meyers stated.
Mesa will be the first campus to deliver in the initial $2 billion of data center development and investment offering 32MW of critical IT capacity.
Meyers added, “While domestic development is our focus for now, we’re already eyeing international expansion opportunities. Our international strategy will be very similar to our domestic one – focusing on Tier I markets – as we help our customers expand into new markets.”
Newcomer with plenty of backing & expertise
EdgeCore’s focus is speed to market, cost and flexibility. And they have the expertise to deliver. The company may be new but the people behind it are experienced and the financial backing is impressive.
The Co-Founder, Tom Ray, was once the CEO, President and Director at CoreSite, a well established data center player with 20 facilities across North America. Four other senior VPs from CoreSite also form part of EdgeCore’s leadership team boasting an average of over 10 years working together and a development resume exceeding $5 billion.
“Our financial backing is provided by institutional capital partners who are committed to the creation and continual investment in EdgeCore’s data center platform. This robust capital structure enables us to remain nimble and competitive in the evolving data center market, allowing us to meet customers’ data center requirements with compelling economics and flexibility,” said Meyers.
The design and construction of EdgeCore’s highly scalable data center platform lets customers expand in a single location, alleviating growth and speed to market concerns for future development.
“A standard design that accommodates variable densities, resiliencies and cooling solutions mitigates facility obsolescence risk, giving customers the assurance we can support their current and future data center deployments,” said Meyers.
Uptime, the environment and industry challenges
A report by the Ponemon Institute, commissioned by IBM, revealed the real cost of an unplanned outage to be US$3.62 million worldwide and $7.35 million in the US.
Supported by a 100% uptime SLA, EdgeCore is taking no risks with the trust of its customers, the industry and its investors.
“EdgeCore is partnering with a world-class data center operations firm to provide customers with the highest levels of operational excellence, from uptime reliability to scalability.”
“This approach will utilize best-of-breed technologies including real-time analytics programs to constantly monitor and proactively improve our operations and customer experience,” said Meyers.
There’s significant demand for environmentally-friendly solutions that incorporate renewable energy and efficiency in design. EdgeCore has partnered with utility providers to bring renewable energy options to its customers.
“By choosing renewable energy sources, developing efficient LEED certified buildings and implementing environmentally-friendly construction techniques we’re doing our part and making it a priority to limit our carbon footprint,” said Meyers.
Meyers goes on to discuss one of the biggest challenges the industry is facing: choice.
“The very nature of how end users approach the growth and change of their data center and IT infrastructure is a significant challenge.”
“Optimizing data center and IT strategies is becoming more difficult as users need to determine how and where to allocate workloads and compute across owned, leased and consumption-based infrastructure solutions – the number of choices can be overwhelming for many.”
Meet Jeremy Meyers
Jeremy Meyers is Director of Real Estate for EdgeCore. In his role, Jeremy leads partner and enterprise sales activities, working to bring end users’ data center requirements to the EdgeCore platform.