CyrusOne

{{Infobox company

| name = CyrusOne, Inc.

| logo = CyrusOne logo.svg

| type = Private

| traded_as =

| foundation = {{Start date and age|2000|07}}

| founder = David Ferdman
Larry Bursten

| location = Dallas, Texas

| key_people = {{nowrap | 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 = {{URL|https://cyrusone.com/}}

| footnotes = {{Cite web | url=https://cyrusone.com/about/leadership/ | title=Leadership | publisher=CyrusOne}}

}}

CyrusOne, Inc. owns and operates over 40 carrier-neutral data centers in North America, Europe, and Asia, where it provides colocation and peering services.{{Cite web | url=https://cyrusone.com/about/about-us/ | title=About CyrusOne | publisher=CyrusOne}} It is headquartered in Dallas, Texas and is owned by funds managed by Kohlberg Kravis Roberts and Global Infrastructure Partners.

History

File:B-roll of Wikimedia Foundation servers at CyrusOne in Carrollton, Texas - photographed in 2015.webm

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

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

In June 2010, the company was acquired by Cincinnati Bell for $525 million.{{cite news | url=https://www.bizjournals.com/cincinnati/stories/2010/06/07/daily49.html | title=Cincinnati Bell completes CyrusOne buy | work=American City Business Journals | date=June 11, 2010}}{{cite news | url=https://www.bizjournals.com/cincinnati/stories/2010/05/10/daily36.html | title=Cincinnati Bell to acquire CyrusOne in Texas | work=American City Business Journals | date=May 13, 2010}}

In September 2011, the company acquired 55.9 acres in Chandler, Arizona for construction of a data center facility.{{cite news | url=https://www.datacenterdynamics.com/news/cyrusone-forced-to-take-action-following-noise-complaints-in-chandler-arizona/ | title=CyrusOne forced to take action following noise complaints in Chandler, Arizona | first=Tanwen | last=Dawn-Hiscox | work=Data Center Dynamics | date=April 16, 2018}}

In 2012, CyrusOne opened the largest data center in Texas in Carrollton.{{cite web | url=https://www.dmagazine.com/publications/d-ceo/2012/july-august/cyrusone-and-the-largest-data-center-in-texas/ | title=CyrusOne and the Largest Data Center in Texas | date=25 June 2012 }}

In January 2013, the company became a public company via an initial public offering.{{cite press release | url=https://www.aol.com/2013/01/17/cyrusone-inc-announces-pricing-of-initial-public-o/ | title=CyrusOne Inc. Announces Pricing of Initial Public Offering | publisher=Business Wire | date=January 17, 2013}}

By 2015, Cincinnati Bell had sold almost its entire stake in the company.{{cite news | url=https://www.bizjournals.com/cincinnati/news/2015/06/24/cincinnati-bell-sells-off-third-major-block-of.html | title=Cincinnati Bell sells off third major block of CyrusOne holdings | first=Andy | last=Brownfield | work=American City Business Journals | date=June 24, 2015}}

In July 2015, the company acquired Cervalis for approximately $400 million.{{cite press release | url=https://www.thestreet.com/story/13206085/1/cyrusone-announces-closing-of-cervalis-acquisition.html | title=CyrusOne Announces Closing Of Cervalis Acquisition | publisher=Business Wire | date=July 1, 2015}}

In March 2016, the company acquired a data center of CME Group in Aurora, Illinois for $130 million in a leaseback transaction.{{cite press release | url=http://www.prnewswire.com/news-releases/cme-group-announces-agreement-to-sell-aurora-ill-data-center-to-cyrusone-300236608.html | title=CME Group Announces Agreement to Sell Aurora, Ill. Data Center to CyrusOne | publisher=PR Newswire | date=March 15, 2016}}{{cite news | url=https://www.datacenterknowledge.com/archives/2016/05/09/cyrusone-plans-huge-expansion-at-cme-data-center-campus-in-chicago | title=CyrusOne Plans Huge Expansion at CME Data Center Campus in Chicago | first=Bill | last=Stoller | work=Data Center Knowledge | date=May 9, 2016}} In December 2016, the company broke ground on a 425,000 square foot data center on the property.{{cite news | url=http://rebusinessonline.com/cyrusone-begins-construction-on-second-data-center-in-chicago-suburb/ | title=CyrusOne Begins Construction on Second Data Center in Chicago Suburb | first=Kristin | last=Hiller | work=RE Business Online | date=December 1, 2016}}

In June 2016, the company purchased a 40-acre parcel in Loudoun County, Virginia.{{cite press release | url=http://www.businesswire.com/news/home/20160614005164/en/Global-Data-Center-Provider-CyrusOne-Purchases-40 | title=Global Data Center Provider CyrusOne Purchases 40 Acres in Northern Virginia | publisher=Business Wire | date=June 14, 2016}}

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

In December 2019, the company suffered from a REvil ransomware attack that affected six of its customers.{{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}}{{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 | date=December 5, 2019}}

In February 2020, Tesh Durvasula was appointed president and chief executive officer of the company.{{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}}

In July 2021, David Ferdman, the co-founder and former CEO, was appointed interim president and chief executive officer of the company.{{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}}

In March 2022, the company sold its assets in Houston for $670 million.{{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}}

Also in March 2022, the company was acquired by Kohlberg Kravis Roberts and Global Infrastructure Partners for $15 billion.{{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}}