Cincinnati Bell to Acquire CyrusOne Data Center Operations
12.05.10
And ABRY Partners have entered into a
definitive agreement for Cincinnati Bell to acquire data center operator
CyrusOne in a cash transaction valued at approximately $525 million.
CyrusOne is a premier provider of colocation and data center services to
Fortune 500 companies, and the largest privately held data center
operator based in the state of Texas. CyrusOne will become a
wholly-owned subsidiary of Cincinnati Bell, retaining its brand and
executive management team.
The acquisition of CyrusOne will be transformative for Cincinnati Bell's
data center business, increasing the scale and scope by adding seven
best-in-class data centers in Houston, Dallas, and Austin with a total
of 163,000 square feet of data center capacity. As a result, Cincinnati
Bell's Technology Solutions segment will have a combined total of
609,000 square feet of data center capacity in 17 best-in-class
facilities.
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