CyrusOne

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CyrusOne
TypePrivately held company
FoundedJuly 2000; 22 years ago (2000-07)
FounderDavid Ferdman
Larry Bursten
HeadquartersDallas, Texas
Key people
Alex Shumate, Chairman
David Ferdman, Interim CEO and President
Katherine Motlagh, CFO[1]
ProductsData centers
OwnerFunds managed by Kohlberg Kravis Roberts and Global Infrastructure Partners
Websitecyrusone.com

CyrusOne owns and operates over 40 carrier-neutral data centers in North America, Europe, and South America, where it provides colocation and peering services.[2] It is headquartered in Dallas, Texas and is owned by funds managed by Kohlberg Kravis Roberts and Global Infrastructure Partners.

History[edit]

The 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 by Cincinnati Bell for $525 million.[5][6]

In September 2011, the company acquired 55.9 acres in Chandler, Arizona for construction of a data center facility.[7]

In January 2013, the company became a public company via an initial public offering.[8]

By 2015, Cincinnati Bell had sold almost its entire stake in the company.[9]

In July 2015, the company acquired Cervalis for approximately $400 million.[10]

In March 2016, the company acquired a data center of CME Group in Aurora, Illinois for $130 million in a leaseback transaction.[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 in Loudoun 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 a REvil ransomware attack that affected 6 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 by Kohlberg Kravis Roberts and Global Infrastructure Partners for $15 billion.[21]

References[edit]

  1. ^ "Leadership". CyrusOne.
  2. ^ "About CyrusOne". CyrusOne.
  3. ^ Darwin, Jennifer (July 2, 2001). "Data centers rising to meet demand". American City Business Journals.
  4. ^ "CyrusOne set for more growth after acquisition by Abry Partners". American City Business Journals. July 11, 2007.
  5. ^ "Cincinnati Bell completes CyrusOne buy". American City Business Journals. June 11, 2010.
  6. ^ "Cincinnati Bell to acquire CyrusOne in Texas". American City Business Journals. May 13, 2010.
  7. ^ Dawn-Hiscox, Tanwen (April 16, 2018). "CyrusOne forced to take action following noise complaints in Chandler, Arizona". Data Center Dynamics.
  8. ^ "CyrusOne Inc. Announces Pricing of Initial Public Offering" (Press release). Business Wire. January 17, 2013.
  9. ^ Brownfield, Andy (June 24, 2015). "Cincinnati Bell sells off third major block of CyrusOne holdings". American City Business Journals.
  10. ^ "CyrusOne Announces Closing Of Cervalis Acquisition" (Press release). Business Wire. July 1, 2015.
  11. ^ "CME Group Announces Agreement to Sell Aurora, Ill. Data Center to CyrusOne" (Press release). PR Newswire. March 15, 2016.
  12. ^ Stoller, Bill (May 9, 2016). "CyrusOne Plans Huge Expansion at CME Data Center Campus in Chicago". Data Center Knowledge.
  13. ^ Hiller, Kristin (December 1, 2016). "CyrusOne Begins Construction on Second Data Center in Chicago Suburb". RE Business Online.
  14. ^ "Global Data Center Provider CyrusOne Purchases 40 Acres in Northern Virginia" (Press release). Business Wire. June 14, 2016.
  15. ^ "CyrusOne Inc. Announces Closing of Zenium Acquisition" (Press release). Business Wire. August 27, 2018.
  16. ^ Cimpanu, Catalin (December 4, 2019). "Ransomware attack hits major US data center provider". ZDNet.
  17. ^ Novinson, Michael (December 5, 2019). "CyrusOne Ransomware Attack Whacks Six Managed Service Clients". CRN.
  18. ^ "CyrusOne Announces CEO Transition" (Press release). Business Wire. February 20, 2020.
  19. ^ "CyrusOne Announces CEO Transition" (Press release). Business Wire. July 28, 2021.
  20. ^ "CyrusOne Closes Houston Asset Divestiture" (Press release). Business Wire. March 3, 2022.
  21. ^ "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

Coordinates: 32°59′32.27″N 96°55′49.44″W / 32.9922972°N 96.9304000°W / 32.9922972; -96.9304000