CyrusOne has picked industry veteran Eric Schwartz as Chief Executive Officer. Schwartz, who has held leadership roles at Equinix, succeeds founder Dave Ferdman, who served as interim CEO through the company’s acquisition.
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CyrusOne CEO Dave Ferdman says the company will look to accelerate growth under its new owners, investment firms KKR and GIP. Going private will allow CyrusOne to invest for the long term, and seek “strategic scale” in large markets to provide runway for customer growth.
Data center developer CyrusOne is now a private company after completing its $15 billion sale to investment firms KKR and Global Infrastructure Partners. Here’s a look at what the deal means for CyrusOne and the data center industry.
DataBank has agreed to purchase four data centers in Houston from CyrusOne for $670 million, the company said today. The divestiture of assets comes as CyrusOne prepares for its planned $15 billion acquisition by KKR and Global Infrastructure Partners.
Investment giants KKR and Global Infrastructure Partners will acquire data center developer CyrusOne for $15 billion, taking the company private in the largest M&A deal in the history of the data center sector.
Amid market speculation about a possible acquisition, the leadership of data center developer CyrusOne says it is “open-minded” about options for a sale or partnership, but remains focused on operating its business.
CyrusOne co-founder David Ferdman will reassume leadership of the company, assuming the posts of interim President and Chief Executive Officer, effective immediately. Ferdman succeeds Bruce Duncan, who departs after 1 year as CEO.
CyrusOne has named veteran executive Bruce Duncan as its new President and CEO. Duncan has no direct experience in the data center industry, but 40 years of executive leadership across varied real estate asset classes.
CyrusOne President and CEO Gary Wojtaszek has resigned suddenly, a step taken “by mutual agreement with the board,” the company said today. Industry veteran Tesh Durvasula has been named to serve as President and CEO on an interim basis.
Everyone’s talking about data center merger mania. In this episode, host Rich Miller discusses two deals: one that happened (Digital-Realty-Interxion) and one that didn’t (CyrusOne).