CyrusOne

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CyrusOne, Inc.
TypePublic company
Nasdaq: CONE
S&P 400 component
IndustryReal estate investment trust
Founded2001; 20 years ago (2001)
HeadquartersDallas, Texas
Key people
 Alex Shumate, Chairman
Bruce W. Duncan, CEO and President[1][2]
Diane M. Morefield, CFO
ProductsData centers
RevenueIncrease $981 million (2019)
Increase $41 million (2019)
Total assetsIncrease $6.142 billion (2019)
Total equityIncrease $2.434 billion (2019)
Number of employees
452 (2019)
Websitecyrusone.com
Footnotes / references
[3]

CyrusOne, Inc. is a real estate investment trust that invests in carrier-neutral data centers and provides colocation and peering services. It is headquartered in Dallas, Texas.[3]

As of December 31, 2019, the company owned 49 operating data center facilities in 12 markets, including 10 markets in the United States, as well as London and Singapore.[3][4]

The company has approximately 1,000 customers including enterprises, network operators, cloud providers, and supporting service providers.[3]

History[]

The company was formed in 2001.

In July 2007, the company was acquired by ABRY Partners.[5]

In June 2010, the company was acquired by Cincinnati Bell for $525 million.[6][7]

In September 2011, the company acquired 55.9 acres in Chandler, Arizona for construction of a data center facility.[8]

In January 2013, the company became a public company via an initial public offering.[9]

By 2015, Cincinnati Bell had sold almost its entire stake in the company.[10]

In July 2015, the company acquired Cervalis for approximately $400 million.[11]

In March 2016, the company acquired a data center of CME Group in Aurora, Illinois for $130 million in a leaseback transaction.[12][13] In December 2016, the company broke ground on a 425,000 square foot data center on the property.[14]

In June 2016, the company purchased a 40-acre parcel in Loudoun County, Virginia.[15]

In August 2017, the company acquired Zenium Data Centers, a provider with data centers in London and Frankfurt, for $442 million.[16]

In February 2020, the company announced that the Company’s Board of Directors has appointed Tesh Durvasula as President & Chief Executive Officer. [17]

In May 2020, CyrusOne joined the Board of Directors and Policy Committee as an Associate Member of the European Data Centre Association.[18]

In November 2021, CyrusOne announced that it had entered into a definitive agreement to acquire by Kohlberg Kravis Roberts and Global Infrastructure Partners for $15 billion.[19]

References[]

  1. ^ https://cyrusone.com/about/leadership/bruce-duncan/
  2. ^ "CyrusOne Hires Data Center Outsider as Its New CEO". 6 July 2020.
  3. ^ a b c d "CyrusOne, Inc. 2019 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
  4. ^ "Map and list of CyrusOne's data center locations". baxtel.com.
  5. ^ "CyrusOne set for more growth after acquisition by Abry Partners". American City Business Journals. July 11, 2007.
  6. ^ "Cincinnati Bell completes CyrusOne buy". American City Business Journals. June 11, 2010.
  7. ^ "Cincinnati Bell to acquire CyrusOne in Texas". American City Business Journals. May 13, 2010.
  8. ^ Dawn-Hiscox, Tanwen (April 16, 2018). "CyrusOne forced to take action following noise complaints in Chandler, Arizona". Data Center Dynamics.
  9. ^ "CyrusOne Inc. Announces Pricing of Initial Public Offering" (Press release). Business Wire. January 17, 2013.
  10. ^ Brownfield, Andy (June 24, 2015). "Cincinnati Bell sells off third major block of CyrusOne holdings". American City Business Journals.
  11. ^ "CyrusOne Announces Closing Of Cervalis Acquisition" (Press release). Business Wire. July 1, 2015.
  12. ^ "CME Group Announces Agreement to Sell Aurora, Ill. Data Center to CyrusOne" (Press release). PR Newswire. March 15, 2016.
  13. ^ Stoller, Bill (May 9, 2016). "CyrusOne Plans Huge Expansion at CME Data Center Campus in Chicago". Data Center Knowledge.
  14. ^ Hiller, Kristin (December 1, 2016). "CyrusOne Begins Construction on Second Data Center in Chicago Suburb". RE Business Online.
  15. ^ "Global Data Center Provider CyrusOne Purchases 40 Acres in Northern Virginia" (Press release). Business Wire. June 14, 2016.
  16. ^ "CyrusOne Inc. Announces Closing of Zenium Acquisition" (Press release). Business Wire. August 27, 2018.
  17. ^ "CyrusOne Announces CEO Transition" (Press release). Business Wire. February 20, 2020.
  18. ^ "CyrusOne joins European Data Centre Association Board of Directors". Data Economy. 2020-05-01. Retrieved 2020-05-27.
  19. ^ "CyrusOne to be Acquired by KKR and Global Infrastructure Partners in $15 Billion Transaction" (Press release). Business Wire. November 15, 2021 – via Yahoo! Finance.

External links[]

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

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