CyrusOne, Inc. owns and operates over 40 carrier-neutral data centers in North America, Europe, and Asia, 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.
 | |
| Company type | Private |
|---|---|
| Nasdaq: CONE | |
| Founded | July 2000 |
| Founder | David Ferdman Larry Bursten |
| Headquarters | Dallas, Texas |
Key people | Alex Shumate (chairman) Eric Schwartz (CEO and president) Owen Morris (CFO) |
| Products | Data centers |
| Owner | Funds managed by Kohlberg Kravis Roberts and Global 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 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 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 by Kohlberg Kravis Roberts and Global Infrastructure Partners for $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