Company type | Private |
---|---|
Founded | July 2000 |
Founder | David Ferdman Larry Bursten |
Headquarters | Dallas, Texas |
Key people | 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 | cyrusone |
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.
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]
KKR & Co. Inc., also known as Kohlberg Kravis Roberts & Co., is an American global investment company. As of December 31, 2023, the firm had completed private equity investments in portfolio companies with approximately $710 billion of total enterprise value. Its assets under management (AUM) and fee paying assets under management (FPAUM) were $553 billion and $446 billion, respectively.
Henry Roberts Kravis is an American businessman, investor, and philanthropist. He is a co-founder of KKR & Co. Inc.
Cincinnati Bell, Inc., doing business as Altafiber, is a regional telecommunications service provider based in Cincinnati, Ohio, United States. It provides landline telephone, fiber-optic Internet, and IPTV services through its subsidiaries Altafiber Home Phone and Hawaiian Telcom, which are the incumbent local exchange carriers for the Greater Cincinnati metropolitan area and Hawaii. Other subsidiaries provide enterprise information technology services and long distance calling.
Convergys Corporation was a corporation based in Cincinnati, Ohio, that sold customer management and information management products, primarily to large corporations. Customer management products included agent assisted, self-service and care software tailored to the communications, financial services, technology, retail, healthcare and government markets. Information management provided convergent billing and business support system (BSS) products and services including revenue management, product and order management, and customer care management to telecom, utilities, and cable/satellite/broadband service providers. They had approximately 130,000 employees across 33 countries.
Jerome Kohlberg Jr. was an American businessman and investor. He was an early pioneer in the private equity and leveraged buyout industries founding private equity firm Kohlberg Kravis Roberts & Co. and later Kohlberg & Company.
Ally Financial Inc. is a bank holding company incorporated in Delaware and headquartered at Ally Detroit Center in Detroit, Michigan. The company provides financial services including car finance, online banking via a direct bank, corporate lending, vehicle insurance, mortgage loans, and other related financing services such as installment sale and lease agreements.
Globix Corporation is a company that provided internet infrastructure and network services; it went bankrupt following the dot-com bubble, recovered, and was bought by RCN Corporation in 2007.
Intercontinental Exchange, Inc. (ICE) is an American multinational financial services company formed in 2000 that operates global financial exchanges and clearing houses and provides mortgage technology, data and listing services. Listed on the Fortune 500, S&P 500, and Russell 1000, the company owns exchanges for financial and commodity markets, and operates 12 regulated exchanges and marketplaces. This includes ICE futures exchanges in the United States, Canada, and Europe; the Liffe futures exchanges in Europe; the New York Stock Exchange; equity options exchanges; and OTC energy, credit, and equity markets.
Jonathan Grayer is the Chairman and CEO of Imagine Learning, a leading digital education technology company focused on developing digital curriculum and tools for pre-K–12 students. Grayer founded the company in January 2010 as a partnership with Kohlberg Kravis Roberts (KKR). In January 2018, the company announced a new strategic partnership with Silver Lake Partners. Grayer previously served as the Chairman and CEO of Kaplan, Inc., a global education company and test prep provider that has been owned by Graham Holdings Company since 1984. Grayer, named CEO in 1994, grew Kaplan's revenues from $80 million to $2.3 billion when he retired from the company in 2008.
Welsh, Carson, Anderson & Stowe (WCAS), also referred to as Welsh Carson, is a private equity firm. WCAS was formed in 1979 and focuses on investing the industries of technology and healthcare, primarily in the United States. WCAS has a current portfolio of approximately 30 companies and has organized 17 limited partnerships with total capital of over $27 billion, consisting of 13 equity partnerships and four subordinated debt partnerships. WCAS is currently investing equity funds, including WCAS XII, L.P. and WCAS XIII, L.P.
TIBCO Software Inc. is a business unit of Cloud Software Group that provides enterprise software. It has headquarters in Palo Alto and offices in North America, Europe, Asia, the Middle East, Africa and South America.
Rackspace Technology, Inc. is an American cloud computing company based in San Antonio, Texas. It also has offices in Blacksburg, Virginia and Austin, Texas, as well as in Australia, Canada, United Kingdom, India, Dubai, Switzerland, the Netherlands, Germany, Singapore, Mexico and Hong Kong. Its data centers are located in Amsterdam (Netherlands), Virginia (USA), Chicago (USA), Dallas (USA), London (UK), Frankfurt (Germany), Hong Kong (China), Kansas City (USA), New York City (USA), San Jose (USA), Shanghai (China), Queenstown (Singapore) and Sydney (Australia).
Laboratory Corporation of America Holdings (Labcorp), headquartered in Burlington, North Carolina, provides laboratory services used for diagnosis and healthcare decisions. It operates one of the largest clinical laboratory networks in the world and has operations in over 100 countries; although its operations are primarily in the U.S.
Blue Yonder Group, Inc. is an American supply chain management company operating as an independent subsidiary of Panasonic. Founded in 1985, the company is headquartered in Scottsdale, Arizona, with offices globally. Its acquisitions have included Yantriks, RedPrairie, i2 Technologies, Manugistics, E3, Intactix, and Arthur.
Internap Holding LLC, formerly Internap Corporation and operating as INAP, is a company that sells data center and cloud computing services. The company is headquartered in Norcross, Georgia, United States, and has data centers located in North America, EMEA and the Asia-Pacific region. INAP sells its Performance IP, hosting, cloud, colocation and hybrid infrastructure services through Private Network Access Points (P-NAP) in North America, Europe, Asia-Pacific and Australia.
Ingersoll Rand Inc. is an American multinational company that provides flow creation and industrial products. The company was formed in February 2020 through the spinoff of the industrial segment of Ingersoll-Rand plc and its merger with Gardner Denver. Its products are sold under more than 40 brands across all major global markets.
Mitchell International, Inc. is an American company based in San Diego, CA, which develops software used by the automotive industry to manage collision and medical claims, parts and labor estimates, and glass replacement quotes. Mitchell operates throughout the United States and Canada, and processes more than 50 million transactions a year for more than 300 insurance companies, more than 30,000 collision repair facilities, independent adjusters, and other vehicle repair participants.
Veradigm Inc. is a publicly traded American company that provides physician practices, hospitals, and other healthcare providers with practice management and electronic health record (EHR) technology. Veradigm also provides products for patient engagement and care coordination, as well as financial and analytics technology. The company has more than 180,000 physician users and has products in 2,700 hospitals and 13,000 extended care organizations. The company formally changed its name from Allscripts to Veradigm in January 2023.
QTS Realty Trust, Inc. is a provider of carrier-neutral data centers and provides colocation services within North America and Northern Amsterdam and is based in Overland Park, Kansas. The company's largest operating areas are: Northern Virginia, Dallas/Fort Worth, Chicago, Hillsboro, Oregon, and New Jersey.
United Group B.V. is an alternative telecom provider in Southeast Europe that operates both telecommunications platforms and mass media outlets.