CyrusOne owns and operates over 40 carrier-neutral

data center A data center (American English) or data centre (British English)See spelling differences. is a building, a dedicated space within a building, or a group of buildings used to house computer systems and associated components, such as telecommunic ...

s in North America, Europe, and South America, where it provides colocation and

peering In computer networking, peering is a voluntary interconnection of administratively separate Internet networks for the purpose of exchanging traffic between the "down-stream" users of each network. Peering is settlement-free, also known as "bill-and ...

services. It is headquartered in

Dallas Dallas () is the List of municipalities in Texas, third largest city in Texas and the largest city in the Dallas–Fort Worth metroplex, the List of metropolitan statistical areas, fourth-largest metropolitan area in the United States at 7.5 ...

, Texas and is owned by funds managed by

Kohlberg Kravis Roberts KKR & Co. Inc., also known as Kohlberg Kravis Roberts & Co., is an American global investment company that manages multiple alternative asset classes, including private equity, energy, infrastructure, real estate, credit, and, through its strate ...

and

Global Infrastructure Partners Global Infrastructure Partners (GIP) is an infrastructure investment fund making equity and selected debt investments. GIP's main headquarters are located in New York City and its equity investments are based on infrastructure assets in the energ ...

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. In July 2007, the company was acquired by ABRY Partners. In June 2010, the company was acquired by Cincinnati Bell for $525 million. In September 2011, the company acquired 55.9 acres in

Chandler, Arizona Chandler is a city in Maricopa County, Arizona, United States, and a suburb in the Phoenix-Mesa-Chandler Metropolitan Statistical Area (MSA). It is bordered to the north and west by Tempe, to the north by Mesa, to the west by Phoenix, to the ...

for construction of a data center facility. In January 2013, the company became a

public company A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (l ...

via an

initial public offering An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment ...

. By 2015, Cincinnati Bell had sold almost its entire stake in the company. In July 2015, the company acquired Cervalis for approximately $400 million. In March 2016, the company acquired a data center of

CME Group CME Group Inc. (Chicago Mercantile Exchange, Chicago Board of Trade, New York Mercantile Exchange, The Commodity Exchange) is an American global markets company. It is the world's largest financial derivatives exchange, and trades in asset class ...

Aurora, Illinois Aurora is a city in the Chicago metropolitan area located partially in DuPage County, Illinois, DuPage, Kane County, Illinois, Kane, Kendall County, Illinois, Kendall, and Will County, Illinois, Will counties in the U.S. state of Illinois. Locat ...

for $130 million in a

leaseback Leaseback, short for "sale-and-leaseback", is a financial transaction in which one sells an asset and leases it back for the long term; therefore, one continues to be able to use the asset but no longer owns it. The transaction is generally done f ...

transaction. In December 2016, the company broke ground on a 425,000 square foot data center on the property. In June 2016, the company purchased a 40-acre parcel in Loudoun County, Virginia. In August 2017, the company acquired Zenium Data Centers, a provider with data centers in London and Frankfurt, for $442 million. In December 2019, the company suffered from a REvil

ransomware Ransomware is a type of malware from cryptovirology that threatens to publish the victim's personal data or permanently block access to it unless a ransom is paid off. While some simple ransomware may lock the system without damaging any files, ...

attack that affected 6 of its customers. In February 2020, Tesh Durvasula was appointed president and chief executive officer of the company. In July 2021, David Ferdman, the co-founder and former CEO, was appointed interim president and chief executive officer of the company. In March 2022, the company sold its assets in Houston for $670 million. Also in March 2022, the company was acquired by

and

for $15 billion.

References

External links

{{Coord, 32, 59, 32.27, N, 96, 55, 49.44, W, display=title, region:US-TX Real estate companies of the United States 2001 establishments in Maryland 2007 mergers and acquisitions 2010 mergers and acquisitions 2013 initial public offerings 2022 mergers and acquisitions American companies established in 2001 Real estate companies established in 2001 Cincinnati Bell Companies based in Dallas Companies formerly listed on the Nasdaq Corporate spin-offs Data centers Kohlberg Kravis Roberts companies