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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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CyrusOne is NOT a publicly traded company and therefore has no NASDAQ stock symbol
 
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{{Short description|Real estate investment trust}}
{{Short description|Data center operator}}
{{Infobox company
{{Infobox company
| name = CyrusOne, Inc.
| name = CyrusOne, Inc.
| logo = CyrusOne logo.svg
| logo = CyrusOne logo.svg
⚫
| type = [[Privately held company|Private]]
| caption =
| traded_as =
⚫
| type = [[Public company]]
⚫
| foundation = {{Start date and age|2000|07}}
| traded_as = {{NASDAQ|CONE}}<BR>[[S&P 400]] component
| founder = David Ferdman<BR>Larry Bursten
| industry = [[Real estate investment trust]]
⚫
| location = [[Dallas, Texas]]
⚫
| foundation = {{Start date and age|2001}}
| key_people = {{nowrap | Alex Shumate ([[chairman]])<BR>Eric Schwartz ([[CEO]] and [[President (corporate title)|president]])<BR>Owen Morris ([[CFO]])}}
⚫
| location = [[Dallas, Texas]]
| products = [[Data Center]]s
| products = [[Data center]]s
| owner = Funds managed by [[Kohlberg Kravis Roberts]] and [[Global Infrastructure Partners]]
| key_people = {{nowrap | Alex Shumate, [[Chairman]]<br>Bruce W. Duncan, [[CEO]] and [[President (corporate title)|President]]<ref>https://cyrusone.com/about/leadership/bruce-duncan/</ref><ref>{{Cite web|url=https://www.crn.com/news/data-center/cyrusone-hires-data-center-outsider-as-its-new-ceo|title=CyrusOne Hires Data Center Outsider as Its New CEO|date=6 July 2020}}</ref>
⚫
| website = {{URL|https://cyrusone.com/}}
<br>Diane M. Morefield, [[CFO]]}}
| footnotes = <ref>{{Cite web | url=https://cyrusone.com/about/leadership/ | title=Leadership | publisher=CyrusOne}}</ref>
| revenue = {{increase}} $981 million (2019)
| net_income = {{increase}} $41 million (2019)
| assets = {{increase}} $6.142 billion (2019)
| equity = {{increase}} $2.434 billion (2019)
| num_employees = 452 (2019)
⚫
| website = {{URL|cyrusone.com}}
| footnotes = <ref name=10K>{{cite web | url=https://www.sec.gov/ix?doc=/Archives/edgar/data/1553023/000155302320000025/cone-20191231x10k.htm | title=CyrusOne, Inc. 2019 Form 10-K Annual Report | publisher=[[U.S. Securities and Exchange Commission]]}}</ref>
}}
}}
'''CyrusOne, Inc.''' is a [[real estate investment trust]] that invests in carrier-neutral [[data centers]] and provides [[Colocation (business)|colocation]] and [[peering]] services. It is headquartered in [[Dallas]], Texas.<ref name=10K/>
'''CyrusOne, Inc.''' owns and operates over 40 carrier-neutral [[data center]]s in North America, Europe, and Asia, where it provides [[Colocation (business)|colocation]] and [[peering]] services.<ref>{{Cite web | url=https://cyrusone.com/about/about-us/ | title=About CyrusOne | publisher=CyrusOne}}</ref> It is headquartered in [[Dallas]], Texas and is owned by funds managed by [[Kohlberg Kravis Roberts]] and [[Global Infrastructure Partners]].

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]].<ref name=10K/><ref>{{Cite web|url=https://baxtel.com/data-centers/cyrusone#datacenter-map|title=Map and list of CyrusOne's data center locations|website=baxtel.com}}</ref>

The company has approximately 1,000 customers including enterprises, network operators, cloud providers, and supporting service providers.<ref name=10K/>


==History==
==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.<ref>{{Cite news | url=https://www.bizjournals.com/houston/stories/2001/07/02/story1.html | title=Data centers rising to meet demand | first=Jennifer | last=Darwin | work=[[American City Business Journals]] | date=July 2, 2001}}</ref>
The company was formed in 2001.


In July 2007, the company was acquired by ABRY Partners.<ref>{{cite news | url=https://www.bizjournals.com/houston/stories/2007/07/09/daily40.html | title=CyrusOne set for more growth after acquisition by Abry Partners | work=[[American City Business Journals]] | date=July 11, 2007}}</ref>
In July 2007, the company was acquired by ABRY Partners.<ref>{{cite news | url=https://www.bizjournals.com/houston/stories/2007/07/09/daily40.html | title=CyrusOne set for more growth after acquisition by Abry Partners | work=[[American City Business Journals]] | date=July 11, 2007}}</ref>
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In August 2017, the company acquired Zenium Data Centers, a provider with data centers in London and Frankfurt, for $442 million.<ref>{{Cite press release | url=https://www.businesswire.com/news/home/20180827005153/en/CyrusOne-Announces-Closing-Zenium-Acquisition | title=CyrusOne Inc. Announces Closing of Zenium Acquisition | publisher=[[Business Wire]] | date=August 27, 2018}}</ref>
In August 2017, the company acquired Zenium Data Centers, a provider with data centers in London and Frankfurt, for $442 million.<ref>{{Cite press release | url=https://www.businesswire.com/news/home/20180827005153/en/CyrusOne-Announces-Closing-Zenium-Acquisition | title=CyrusOne Inc. Announces Closing of Zenium Acquisition | publisher=[[Business Wire]] | date=August 27, 2018}}</ref>


In December 2019, the company suffered from a [[REvil]] [[ransomware]] attack that affected six of its customers.<ref>{{Cite news | url=https://www.zdnet.com/article/ransomware-attack-hits-major-us-data-center-provider/ | title=Ransomware attack hits major US data center provider | first=Catalin | last=Cimpanu | work=[[ZDNet]] | date=December 4, 2019}}</ref><ref>{{Cite news | url=https://www.crn.com/news/security/cyrusone-ransomware-attack-whacks-six-managed-service-clients | title=CyrusOne Ransomware Attack Whacks Six Managed Service Clients | first=Michael | last=Novinson | work=[[CRN (magazine)|CRN]] | date=December 5, 2019}}</ref>
⚫
In February 2020, the company announced that the Company’s Board of Directors has appointed Tesh Durvasula as President & Chief Executive Officer. <ref>{{Cite press release | url=https://www.businesswire.com/news/home/20200220005532/en/CyrusOne-Announces-CEO-Transition | title=CyrusOne Announces CEO Transition | publisher=[[Business Wire]] | date=February 20, 2020}}</ref>


⚫
In February 2020, Tesh Durvasula was appointed president and chief executive officer of the company.<ref>{{Cite press release | url=https://www.businesswire.com/news/home/20200220005532/en/CyrusOne-Announces-CEO-Transition | title=CyrusOne Announces CEO Transition | publisher=[[Business Wire]] | date=February 20, 2020}}</ref>
In May 2020, CyrusOne joined the Board of Directors and Policy Committee as an Associate Member of the European Data Centre Association.<ref>{{Cite web|title=CyrusOne joins European Data Centre Association Board of Directors|url=https://data-economy.com/cyrusone-joins-european-data-centre-association-board-of-directors/|date=2020-05-01|website=Data Economy|language=en-GB|access-date=2020-05-27}}</ref>


In November 2021, CyrusOne announced that it had entered into a definitive agreement to be acquired by [[Kohlberg Kravis Roberts|KKR]] and [[Global Infrastructure Partners]] for $15 billion.<ref>{{cite press release|url=https://finance.yahoo.com/news/cyrusone-acquired-kkr-global-infrastructure-120000380.html|title=CyrusOne to be Acquired by KKR and Global Infrastructure Partners in $15 Billion Transaction|publisher=[[BusinessWire]]|via=[[Yahoo! Finance]]|date=November 15, 2021}}</ref>
In July 2021, David Ferdman, the co-founder and former CEO, was appointed interim president and chief executive officer of the company.<ref>{{Cite press release | url=https://www.businesswire.com/news/home/20210728006004/en/CyrusOne-Announces-CEO-Transition | title=CyrusOne Announces CEO Transition | publisher=[[Business Wire]] | date=July 28, 2021}}</ref>

In March 2022, the company sold its assets in Houston for $670 million.<ref>{{Cite press release | url=https://www.businesswire.com/news/home/20220302005076/en/CyrusOne-Closes-Houston-Asset-Divestiture | title=CyrusOne Closes Houston Asset Divestiture | publisher=[[Business Wire]] | date=March 3, 2022}}</ref>

Also in March 2022, the company was acquired by [[Kohlberg Kravis Roberts]] and [[Global Infrastructure Partners]] for $15 billion.<ref>{{cite press release | url=https://www.businesswire.com/news/home/20220324005891/en/KKR-and-GIP-Complete-Acquisition-of-CyrusOne | title=KKR and GIP Complete Acquisition of CyrusOne | publisher=[[Business Wire]] | date=March 25, 2022}}</ref>


==References==
==References==
{{Reflist|1}}
{{Reflist}}


==External links==
==External links==
{{Finance links
{{Finance links historical
| name = CyrusOne, Inc.
| name = CyrusOne, Inc.
| google = CONE
| google = CONE
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| bloomberg = CONE:US
| bloomberg = CONE:US
| symbol = CONE
| symbol = CONE
| sec_cik = CONE
| sec_cik = 1553023
}}
}}


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{{Coord|32|59|32.27|N|96|55|49.44|W|display=title|region:US-TX}}


[[Category:American companies established in 2001]]
[[Category:Real estate companies of the United States]]
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[[Category:Real estate companies established in 2001]]
[[Category:2001 establishments in Maryland]]
[[Category:2001 establishments in Maryland]]
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[[Category:2007 mergers and acquisitions]]
[[Category:2010 mergers and acquisitions]]
[[Category:2010 mergers and acquisitions]]
[[Category:Bell System]]
[[Category:2013 initial public offerings]]
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[[Category:2022 mergers and acquisitions]]
[[Category:American companies established in 2001]]
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[[Category:Real estate companies established in 2001]]
[[Category:Cincinnati Bell]]
[[Category:Cincinnati Bell]]
[[Category:Companies based in Dallas]]
[[Category:Companies based in Dallas]]
[[Category:Companies listed on the Nasdaq]]
[[Category:Companies formerly listed on the Nasdaq]]
[[Category:Corporate spin-offs]]
[[Category:Corporate spin-offs]]
[[Category:Data centers]]
[[Category:Data centers]]
[[Category:Real estate investment trusts of the United States]]
[[Category:Kohlberg Kravis Roberts companies]]
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[[Category:Announced mergers and acquisitions]]
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[[Category:2007 mergers and acquisitions]]
[[Category:2013 initial public offerings]]

Latest revision as of 22:47, 25 November 2024

CyrusOne, Inc.
Company typePrivate
FoundedJuly 2000; 24 years ago (2000-07)
FounderDavid Ferdman
Larry Bursten
HeadquartersDallas, Texas
Key people
 Alex Shumate (chairman)
Eric Schwartz (CEO and president)
Owen Morris (CFO)
ProductsData centers
OwnerFunds managed by Kohlberg Kravis Roberts and Global Infrastructure Partners
Websitecyrusone.com
Footnotes / references
[1]

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.

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 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]
  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.
[edit]
    • 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

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