Backblaze Serves Demand For Storing Data In More Places With CoreSite's Colocation And Connectivity Solutions
Portfolio Pulse from Benzinga Newsdesk
Backblaze, Inc. (NASDAQ:BLZE) is leveraging CoreSite's colocation and connectivity solutions to expand its cloud storage services in the eastern U.S. data region. CoreSite, a subsidiary of American Tower Corporation (NYSE:AMT), provides Backblaze with geographic diversity and an exabyte of capacity to support growing customer needs. The partnership also allows Backblaze customers to replicate their data from hyperscale cloud providers, including AWS and its Amazon S3 platform, to the Backblaze platform without egress fees.
November 09, 2023 | 1:13 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
CoreSite, a subsidiary of American Tower Corporation, is providing solutions to Backblaze for its cloud storage expansion, which could increase revenues for American Tower.
As CoreSite is a subsidiary of American Tower, the partnership with Backblaze could potentially increase revenues for American Tower in the short term due to the increased usage of CoreSite's solutions.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Backblaze is expanding its cloud storage services in the eastern U.S. with CoreSite's solutions, which could attract more customers and increase revenues.
Backblaze's expansion in the eastern U.S. with CoreSite's solutions could attract more customers due to the enhanced data resilience and replication capabilities. This could potentially increase Backblaze's revenues in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100