Word:

co-location

(networking)co-location - /koh'loh-kay`sh*n/ or /koh`loh-kay'sh*n/ (Or "colocation") Providing network connections such as Internet leased lines to several servers housed together in a server room. This is typically provided as a commercial service.

The hyphenated form is correct and the most common on the web, followed by "colocation". "collocation" (/ko`loh-kay'sh*n/, not /koh'-/), is an old word with a similar meaning. It is common in dictionaries and follows the pattern of other Latin-derived words like collect, college, and collate, but is least common on the web.

The verbal form is "to colocate" or "co-locate" (commonly /koh'loh`kayt/, also (US) /koh`loh'kayt/).
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Co-
Co-administrator
Co-ally
Co-assessor
Co-assignee
co-author
co-defendant
co-ed
co-educate
Co-executor
Co-heir
Co-heiress
CO-IPX
Co-legatee
Co-lessee
Co-lessor
-- co-location --
Co-mate
Co-meddle
Co-NP
Co-obligor
co-occur
co-occur with
co-occurrence
co-op
Co-operative Development Environment
Co-operative Republic of Guyana
co-opt
co-optation
co-option
co-ordinate
Co-plaintiff
co-regent
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