CyrusOne, Inc.owns and operates over 40 carrier-neutraldata centersin North America, Europe, and Asia, where it providescolocationandpeeringservices.[2]It is headquartered inDallas,Texas and is owned by funds managed byKohlberg Kravis RobertsandGlobal Infrastructure Partners.
 | |
| Company type | Private |
|---|---|
| Founded | July 2000 |
| Founder | David Ferdman Larry Bursten |
| Headquarters | Dallas, Texas |
Key people | Alex Shumate (chairman) Eric Schwartz (CEOandpresident) Owen Morris (CFO) |
| Products | Data centers |
| Owner | Funds managed byKohlberg Kravis RobertsandGlobal Infrastructure Partners |
| Website | cyrusone |
| Footnotes / references [1] | |
History
editThe company was formed in July 2000 by David Ferdman and Larry Bursten, who met when companies they founded were acquired by IXC Communications.[3]
In July 2007, the company was acquired by ABRY Partners.[4]
In June 2010, the company was acquired byCincinnati Bellfor $525 million.[5][6]
In September 2011, the company acquired 55.9 acres inChandler, Arizonafor construction of a data center facility.[7]
In January 2013, the company became apublic companyvia aninitial public offering.[8]
By 2015, Cincinnati Bell had sold almost its entire stake in the company.[9]
In July 2015, the company acquiredCervalisfor approximately $400 million.[10]
In March 2016, the company acquired a data center ofCME GroupinAurora, Illinoisfor $130 million in aleasebacktransaction.[11][12]In December 2016, the company broke ground on a 425,000 square foot data center on the property.[13]
In June 2016, the company purchased a 40-acre parcel inLoudoun County, Virginia.[14]
In August 2017, the company acquired Zenium Data Centers, a provider with data centers in London and Frankfurt, for $442 million.[15]
In December 2019, the company suffered from aREvilransomwareattack that affected six of its customers.[16][17]
In February 2020, Tesh Durvasula was appointed president and chief executive officer of the company.[18]
In July 2021, David Ferdman, the co-founder and former CEO, was appointed interim president and chief executive officer of the company.[19]
In March 2022, the company sold its assets in Houston for $670 million.[20]
Also in March 2022, the company was acquired byKohlberg Kravis RobertsandGlobal Infrastructure Partnersfor $15 billion.[21]
References
edit- ^"Leadership".CyrusOne.
- ^"About CyrusOne".CyrusOne.
- ^Darwin, Jennifer (July 2, 2001)."Data centers rising to meet demand".American City Business Journals.
- ^"CyrusOne set for more growth after acquisition by Abry Partners".American City Business Journals.July 11, 2007.
- ^"Cincinnati Bell completes CyrusOne buy".American City Business Journals.June 11, 2010.
- ^"Cincinnati Bell to acquire CyrusOne in Texas".American City Business Journals.May 13, 2010.
- ^Dawn-Hiscox, Tanwen (April 16, 2018)."CyrusOne forced to take action following noise complaints in Chandler, Arizona".Data Center Dynamics.
- ^"CyrusOne Inc. Announces Pricing of Initial Public Offering"(Press release).Business Wire.January 17, 2013.
- ^Brownfield, Andy (June 24, 2015)."Cincinnati Bell sells off third major block of CyrusOne holdings".American City Business Journals.
- ^"CyrusOne Announces Closing Of Cervalis Acquisition"(Press release).Business Wire.July 1, 2015.
- ^"CME Group Announces Agreement to Sell Aurora, Ill. Data Center to CyrusOne"(Press release).PR Newswire.March 15, 2016.
- ^Stoller, Bill (May 9, 2016)."CyrusOne Plans Huge Expansion at CME Data Center Campus in Chicago".Data Center Knowledge.
- ^Hiller, Kristin (December 1, 2016)."CyrusOne Begins Construction on Second Data Center in Chicago Suburb".RE Business Online.
- ^"Global Data Center Provider CyrusOne Purchases 40 Acres in Northern Virginia"(Press release).Business Wire.June 14, 2016.
- ^"CyrusOne Inc. Announces Closing of Zenium Acquisition"(Press release).Business Wire.August 27, 2018.
- ^Cimpanu, Catalin (December 4, 2019)."Ransomware attack hits major US data center provider".ZDNet.
- ^Novinson, Michael (December 5, 2019)."CyrusOne Ransomware Attack Whacks Six Managed Service Clients".CRN.
- ^"CyrusOne Announces CEO Transition"(Press release).Business Wire.February 20, 2020.
- ^"CyrusOne Announces CEO Transition"(Press release).Business Wire.July 28, 2021.
- ^"CyrusOne Closes Houston Asset Divestiture"(Press release).Business Wire.March 3, 2022.
- ^"KKR and GIP Complete Acquisition of CyrusOne"(Press release).Business Wire.March 25, 2022.
External links
edit- Historical business data for CyrusOne, Inc.:
- SEC filings