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CyrusOne
Real estate investment trust

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

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History

The company was formed in July 2000 by David Ferdman and Larry Bursten, who met when companies they founded were acquired by IXC Communications.2

In July 2007, the company was acquired by ABRY Partners.3

In June 2010, the company was acquired by Cincinnati Bell for $525 million.45

In September 2011, the company acquired 55.9 acres in Chandler, Arizona for construction of a data center facility.6

In 2012, CyrusOne opened the largest data center in Texas in Carrollton.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.1112 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.1617

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

    • Historical business data for CyrusOne, Inc.:
    • SEC filings

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

References

  1. "About CyrusOne". CyrusOne. https://cyrusone.com/about/about-us/ ↩

  2. Darwin, Jennifer (July 2, 2001). "Data centers rising to meet demand". American City Business Journals. https://www.bizjournals.com/houston/stories/2001/07/02/story1.html ↩

  3. "CyrusOne set for more growth after acquisition by Abry Partners". American City Business Journals. July 11, 2007. https://www.bizjournals.com/houston/stories/2007/07/09/daily40.html ↩

  4. "Cincinnati Bell completes CyrusOne buy". American City Business Journals. June 11, 2010. https://www.bizjournals.com/cincinnati/stories/2010/06/07/daily49.html ↩

  5. "Cincinnati Bell to acquire CyrusOne in Texas". American City Business Journals. May 13, 2010. https://www.bizjournals.com/cincinnati/stories/2010/05/10/daily36.html ↩

  6. Dawn-Hiscox, Tanwen (April 16, 2018). "CyrusOne forced to take action following noise complaints in Chandler, Arizona". Data Center Dynamics. https://www.datacenterdynamics.com/news/cyrusone-forced-to-take-action-following-noise-complaints-in-chandler-arizona/ ↩

  7. "CyrusOne and the Largest Data Center in Texas". 25 June 2012. https://www.dmagazine.com/publications/d-ceo/2012/july-august/cyrusone-and-the-largest-data-center-in-texas/ ↩

  8. "CyrusOne Inc. Announces Pricing of Initial Public Offering" (Press release). Business Wire. January 17, 2013. https://www.aol.com/2013/01/17/cyrusone-inc-announces-pricing-of-initial-public-o/ ↩

  9. Brownfield, Andy (June 24, 2015). "Cincinnati Bell sells off third major block of CyrusOne holdings". American City Business Journals. https://www.bizjournals.com/cincinnati/news/2015/06/24/cincinnati-bell-sells-off-third-major-block-of.html ↩

  10. "CyrusOne Announces Closing Of Cervalis Acquisition" (Press release). Business Wire. July 1, 2015. https://www.thestreet.com/story/13206085/1/cyrusone-announces-closing-of-cervalis-acquisition.html ↩

  11. "CME Group Announces Agreement to Sell Aurora, Ill. Data Center to CyrusOne" (Press release). PR Newswire. March 15, 2016. http://www.prnewswire.com/news-releases/cme-group-announces-agreement-to-sell-aurora-ill-data-center-to-cyrusone-300236608.html ↩

  12. Stoller, Bill (May 9, 2016). "CyrusOne Plans Huge Expansion at CME Data Center Campus in Chicago". Data Center Knowledge. https://www.datacenterknowledge.com/archives/2016/05/09/cyrusone-plans-huge-expansion-at-cme-data-center-campus-in-chicago ↩

  13. Hiller, Kristin (December 1, 2016). "CyrusOne Begins Construction on Second Data Center in Chicago Suburb". RE Business Online. http://rebusinessonline.com/cyrusone-begins-construction-on-second-data-center-in-chicago-suburb/ ↩

  14. "Global Data Center Provider CyrusOne Purchases 40 Acres in Northern Virginia" (Press release). Business Wire. June 14, 2016. http://www.businesswire.com/news/home/20160614005164/en/Global-Data-Center-Provider-CyrusOne-Purchases-40 ↩

  15. "CyrusOne Inc. Announces Closing of Zenium Acquisition" (Press release). Business Wire. August 27, 2018. https://www.businesswire.com/news/home/20180827005153/en/CyrusOne-Announces-Closing-Zenium-Acquisition ↩

  16. Cimpanu, Catalin (December 4, 2019). "Ransomware attack hits major US data center provider". ZDNet. https://www.zdnet.com/article/ransomware-attack-hits-major-us-data-center-provider/ ↩

  17. Novinson, Michael (December 5, 2019). "CyrusOne Ransomware Attack Whacks Six Managed Service Clients". CRN. https://www.crn.com/news/security/cyrusone-ransomware-attack-whacks-six-managed-service-clients ↩

  18. "CyrusOne Announces CEO Transition" (Press release). Business Wire. February 20, 2020. https://www.businesswire.com/news/home/20200220005532/en/CyrusOne-Announces-CEO-Transition ↩

  19. "CyrusOne Announces CEO Transition" (Press release). Business Wire. July 28, 2021. https://www.businesswire.com/news/home/20210728006004/en/CyrusOne-Announces-CEO-Transition ↩

  20. "CyrusOne Closes Houston Asset Divestiture" (Press release). Business Wire. March 3, 2022. https://www.businesswire.com/news/home/20220302005076/en/CyrusOne-Closes-Houston-Asset-Divestiture ↩

  21. "KKR and GIP Complete Acquisition of CyrusOne" (Press release). Business Wire. March 25, 2022. https://www.businesswire.com/news/home/20220324005891/en/KKR-and-GIP-Complete-Acquisition-of-CyrusOne ↩