Showing posts with label CyrusOne. Show all posts
Showing posts with label CyrusOne. Show all posts

Thursday, September 19, 2019

CyrusOne builds largest colo data center in Dublin

CyrusOne commenced construction pf its first data center campus in Dublin, Ireland.

Upon completion, the Dublin I campus will comprise three separate two-story buildings, offering 360,000 square feet of data center space. The facility will be among the first CyrusOne data centers in Europe to deploy closed-loop chilled-water cooling. This highly efficient system uses an air-cooled chiller technology with an integrated compressor and condenser that cools the closed-loop of water, dramatically reducing water consumption during the cooling process.

CyrusOne’s goal is to source 100% renewable power.

“Ireland is an incredibly attractive place to do business, and Dublin, in particular, has established itself as one of the world’s thriving tech hubs,” said Tesh Durvasula, President - Europe, CyrusOne. “The level of demand for spaces from enterprise customers has been great, even in these early stages of construction.”

Wednesday, June 19, 2019

CyrusOne to deliver HPE GreenLake IT from its global data centers

CyrusOne confirmed that it has been selected by by Hewlett Packard Enterprise (HPE) to extend HPE GreenLake consumption-based IT solutions at CyrusOne data center locations across the globe. The partnership will enable easy and fast access to public cloud providers through the CyrusOne interconnection platform in support of hybrid IT.

CyrusOne operates more than 45 data center facilities across the United States, Europe, and Asia.

Financial terms were not disclosed.

“Our enterprise customers are all evaluating ways to modernize their IT infrastructure. Customers want the benefits of public cloud agility with the security and performance of on-premise (collocation),” said John Gould, executive vice president and chief commercial officer, CyrusOne. “We are thrilled to partner with Hewlett Packard Enterprise to help our clients achieve these goals while still providing them interconnection flexibility to the public cloud providers. Deploying HPE GreenLake at our data centers allows our clients the flexibility, peace of mind, and scalability to help enable their digital transformation.”

Tuesday, May 28, 2019

CyrusOne and ODATA’s open data center in Bogotá

CyrusOne has partnered with ODATA to construct and launch the company’s first data center in Bogotá, Colombia.

ODATA’s new data center, DC BG01, is the second ODATA data center, the first outside Brazil after DC SP01 in São Paulo, which has been operational since May 2017. The BG01 Data Center is a 7.8MW facility, the largest carrier-neutral data center in Bogotá, Colombia. It is a high density, certified Tier III Design data center, with 6,400 m² total area. Customers moved on-site in April 2019. With CyrusOne global expertise in data center construction and operation, the new facility was fully constructed in just 6 months and deploys industry-leading standards for physical security.

In October 2018, CyrusOne invested $12 million in exchange for a 10% equity interest in ODATA. In connection with the investment, CyrusOne and ODATA entered a commercial agreement covering leasing activity with CyrusOne customers in the ODATA portfolio. In addition, Kevin Timmons, CyrusOne’s chief technology officer, joined the ODATA board of directors.

“DC BG01 was built in record time through a powerful combination of ODATA´s local expertise with CyrusOne’s global supply chain that enables customers in Colombia the same level of services we offer to our customers globally, “ said Timmons. “We are excited about ODATA´s expansion in Colombia and look forward to working alongside our global and local customers at the new flagship data center.”

“ODATA has grown rapidly in Brazil with the construction of their second data center in São Paulo, and now for the first time in Colombia. Combining tour local expertise with CyrusOne’s global platform enables our customers to have world-class data center capacity in the region,” said Ricardo Alario, chief executive officer of ODATA. “With the ongoing development of the largest data center campus in Brazil, and now with a strong presence in Colombia, ODATA is well positioned to be a truly dominant player on the continent.”

CyrusOne operates more than 45 data center facilities across the United States, Europe and Asia.

Wednesday, May 1, 2019

CyrusOne sees strong start to year for colocation bookings

CyrusOne, a premier global data center REIT with 48 data centers worldwide, reported revenue of $225.0 million for the first quarter, compared to $196.6 million for the same period in 2018, an increase of 14%. Net income was $89.4 million for the first quarter, compared to net income of $43.5 million in the same period in 2018. Net income for the first quarter included a $101.2 million unrealized gain on the Company’s equity investment in GDS, a leading data center provider in China, due to an increase in GDS’s share price during the quarter. Net income per diluted common share3 was $0.82 in the first quarter of 2019, compared to net income per diluted common share of $0.45 in the same period in 2018.

The company attributed the increase in revenue primarily to a 22% increase in occupied colocation square feet (CSF) from organic growth and its Zenium acquisition, as well as additional interconnection services.

“We are off to a great start to the year, with strong operational and financial performance, and leasing contributions across the portfolio as our international expansion creates an increasingly balanced and diversified business with a presence in the most important markets in the world,” said Gary Wojtaszek, president and chief executive officer of CyrusOne.

Some highlights:

  • CyrusOne leased approximately 16 MW of power and 93,000 CSF in the first quarter, representing $2.3 million in monthly recurring rent, inclusive of the monthly impact of installation charges, or approximately $27.2 million in annualized GAAP revenue7, excluding estimates for pass-through power. 
  • The weighted average lease term of the new leases, based on square footage, is 56 months (4.7 years), and the weighted average remaining lease term of CyrusOne’s portfolio is 56 months (taking into account the impact of the backlog). 
  • Recurring rent churn for the first quarter was 2.1%, compared to 0.5% for the same period in 2018.
  • In the first quarter, the Company completed construction on 249,000 CSF and 48 MW of power capacity across five projects in Northern Virginia, the New York Metro area, and Raleigh-Durham. 
  • CSF leased as of the end of the first quarter was 90% for stabilized properties10 and 86% overall.

http://investor.cyrusone.com/events-and-presentations


Sunday, February 3, 2019

CyrusOne activates IBM Cloud Direct Link

CyrusOne has activated IBM Cloud Direct Link within its data center in Carrollton, Texas. The service is further available to customers in the U.S. via CyrusOne’s National IX.

IBM Cloud Direct Link provides customers with a secured, dedicated network connection from their own IT infrastructure to the IBM Cloud.

CyrusOne operates more than 45 data center facilities across the United States, Europe, and Asia

“We are excited to welcome IBM Cloud into the CyrusOne ecosystem. IBM is a world leader in cloud services, and connecting to our National IX provides a competitive advantage for customers in Texas and across the United States,” said John Gould, executive vice president and chief commercial officer, CyrusOne. “The Dallas Metro Area has seen rapid growth in cloud services, and locating in our state-of-the-art Carrollton facility provides the lowest latency for customers in the Texas markets.”

Thursday, December 6, 2018

CyrusOne to build next data center near AMS

CyrusOne has acquired land from Schiphol Area Development Company N.V., just outside Amsterdam, on which it will build a new data center campus. CyrusOne will develop up to 360,000 square ft with an estimated 72 MW of power capacity on the site.

This is the second major expansion announcement for CyrusOne in the Netherlands. In October 2018, CyrusOne announced an agreement with Agriport A7 for the development of up to 270 MW on an 83-acre campus approximately 25 miles north of central Amsterdam in Middenmeer.

http://www.CyrusOne.com

Tuesday, October 30, 2018

CyrusOne reports continued growth in data center colocation

CyrusOne reported revenue was $206.6 million for the third quarter, compared to $175.3 million for the same period in 2017, an increase of 18%. The increase in revenue was driven primarily by a 26% increase in occupied CSF and additional interconnection services.

Net loss was $(42.4) million for the third quarter, compared to net loss of $(55.1) million in the same period in 2017. Net loss for the third quarter included a $(36.6) million unrealized loss on the company’s equity investment in GDS Holdings Limited (“GDS”), a leading data center provider in China, due to a decrease in GDS’s share price during the quarter.

Some highlights:

  • Leased 15 megawatts (“MW”) and 114,000 colocation square feet (“CSF”) in the third quarter, totaling $27 million in annualized GAAP revenue
  • Backlog of $89 million in annualized GAAP revenue as of the end of the third quarter, representing nearly $850 million in total contract value
  • Closed acquisition of Zenium, establishing a presence in London and Frankfurt, the two largest data center markets in Europe
  • Acquired 15 acres of land in Santa Clara, California, establishing a presence in a key West Coast market with an onsite power cogeneration facility
  • Also acquired 40 acres of land in Northern Virginia (in addition to previously announced acquisition of 154,000 square foot powered shell) and 24 acres of land in Dallas to support continued strong growth in these markets
  • Added seven Fortune 1000 companies as new customers (three through third quarter leasing, four through the acquisition), increasing the total number of Fortune 1000 customers to 208 as of the end of the quarter
  • Raised nearly $400 million in net proceeds through a common stock offering of 6.7 million shares in late September and entered into a forward sale agreement with respect to an additional 2.5 million shares resulting in estimated net proceeds of nearly $150 million upon settlement by September 15, 2019

Wednesday, October 17, 2018

CyrusOne builds new data centers in London and Frankfurt

CyrusOne announced new data centers in London and Frankfurt.

Construction is set to be completed by the end of the fourth quarter of 2019 for the London III facility, which is located on the Slough Trading Estate, a premier data center location in the UK. CyrusOne’s London III data center will offer approximately 39,500 square feet of data center space with a critical IT load of 9 MW. Each data hall will be customized to meet client specifications and will offer industry-leading energy efficiencies including the latest adiabatic cooling technology and low PUE’s.

The Frankfurt III facility is scheduled to be completed in early 2020. It will include two connected four-story data centers offering a total of approximately 123,786 square feet of space. The facility will provide a critical IT load of 22 MW with multiple fiber providers providing carrier neutral connectivity.

These new sites are in addition to the data centers acquired through the Zenium acquisition, which closed in August 2018.

“Today marks an exciting new chapter for CyrusOne as we set the course for our continued expansion in London and Frankfurt. Part of our mission at CyrusOne is to help the world’s leading technology companies power this new exciting digital era,” said Gary Wojtaszek, president and chief executive officer of CyrusOne. “Expanding our footprint in these markets will help our customers realize their own global growth ambitions.”

Monday, October 8, 2018

CyrusOne invests in Brazilian data center

CyrusOne is making a $12 million investment in ODATA Brasil S.A. and ODATA Colombia  in exchange for a 10% equity interest in S.A.S. (collectively “ODATA”).

“CyrusOne is a leader and innovator in the data center industry, and their design and construction expertise will be valuable in delivering timely, cost-efficient builds to hyperscale companies.”

ODATA is focused on hyperscale cloud companies. The company currently has over 12 MW of capacity with plans to develop over 100 MW in Brazil, and will soon be launching construction in Colombia. ODATA is majority owned by Patria Infrastructure Fund III, managed by Patria Investments (“Patria”), a leading private equity firm in Brazil.

In connection with this investment, CyrusOne and ODATA entered a commercial agreement covering leasing activity with CyrusOne customers in the ODATA portfolio. In addition, Kevin Timmons, CyrusOne’s chief technology officer, will join the ODATA board of directors.

“We are excited to partner with Patria and the ODATA team as they scale their business throughout Latin America. To date, Brazil and other LATAM markets have largely been served by a limited number of providers, leading to few options and high costs for our customers. The combination of our collective resources will form the basis of a powerful platform from which we can better serve these customers’ increasingly global needs,” said Gary Wojtaszek, president and chief executive officer of CyrusOne. “Through Patria, which holds a number of investments across the communications infrastructure space, customers in ODATA’s facilities will have access to both dark fiber and lit services via Vogel Telecom, another portfolio company. At the same time, we will work with ODATA, helping the company build a scalable platform that can deliver high quality facilities at the lowest cost.”

Thursday, July 26, 2018

CyrusOne buys land for another data center in northern VA

CyrusOne has purchased land and a newly-built, powered shell for an enterprise data center in Sterling, Virginia -- its fourth data center campus in the region. The first phase of the facility should be ready in Q1 2019. It will eventually provide 33 megawatts of available power.

The new data center brings CyrusOne’s total power capacity in Northern Virginia to over 160 megawatts.

"Hyperscalers demand warp speed, and we’re proud to be accelerating from zero to 160 in Northern Virginia, driven by demand from cloud and enterprise customers," said Tesh Durvasula, chief commercial officer, CyrusOne. "Our land acquisition, development, construction, and capital markets teams continue to execute at a level unmatched in the industry to produce the inventory necessary to meet the ongoing need for new capacity in Northern Virginia and other key markets."

CyrusOne operates 45 data center facilities across the United States, Europe, and Asia.

Tuesday, June 5, 2018

CyrusOne plans massive data center campus in Mesa, Arizona

CyrusOne, which currently operates 45 data center facilities across the United States, Europe and Asia (NASDAQ: CONE), has acquired 68.227 acres in Mesa, Arizona for the development of a new data center cloud campus.

The new campus, located in the Mesa Elliot Technology Park, is planned to have five buildings with up to 198 MW of critical power to power the new era of cloud computing services for Fortune 1000 clients.

“CyrusOne continues to see heavy demand for cloud services among new and existing customers in the Phoenix-metro area. As the preeminent data center service provider for cloud services, we are always listening to our customer base in terms of where we need to be and what services we need to offer,” said Kevin Timmons, CTO, CyrusOne. “Officials in Mesa and Sunbelt have been great partners and we are proud to work alongside them as we help usher in a new era of jobs, growth and investment for the local community.”

Wednesday, May 2, 2018

CyrusOne hits year-over-year revenue growth of 32%

CyrusOne, a data center REIT, posted Q1 2018 revenue of $196.6 million, up 32% over the same period last year. The increase in revenue was driven primarily by a 29% increase in occupied CSF, lease termination fees totaling $5.0 million, and additional interconnection services.

The company said it leased approximately 29 MW of power and 226,000 CSF in the first quarter, representing $3.4 million in monthly recurring rent, inclusive of the monthly impact of installation charges, or approximately $40.4 million in annualized GAAP revenue5, excluding estimates for pass-through power.

In the Northern Virginia data center market, CyrusOne is leasing space as fast as it can add it.


Wednesday, February 21, 2018

CyrusOne hits Q4 revenue of $180.5 milllion

CyrusOne reported Q4 revenue of $180.5 million, compared to $137.4 million for the same period in 2016, an increase of 31%. The increase in revenue was driven primarily by a 49% increase in leased CSF and additional interconnection services. Q4 net income was $2.8 million, compared to net income of $0.8 million in the same period in 2016.

Some highlights:
  • In Q4, CyrusOne leased 9MW and 86,000 colocation square feet, totaling $18 million in annualized GAAP revenue
  • For full year 2017, CyrusOne signed more than 1,700 leases totaling 58 MW and 521,000 CSF, representing $105 million in annualized GAAP revenue
“We had another very strong year signing $105 million in annualized revenue, increasing the size of our footprint by more than 50%, extending our presence to the Southeastern U.S. and Europe, developing a solution for our customers in China, and raising nearly $2.5 billion in the capital markets. We are very excited about this next phase of growth for the company as we expand internationally to help our customers with their increasingly global requirements,” stated Gary Wojtaszek, president and CEO of CyrusOne.

Wednesday, January 3, 2018

CyrusOne to acquire Zenium Data Centers for $442M

CyrusOne agreed to acquire Zenium Data Centers, a leading hyperscale data center provider in Europe with four properties in London and Frankfurt, the continent’s two largest data center markets, for $442 million, reflecting a multiple of 18 times expected annualized Adjusted EBITDA of approximately $25 million from both commenced and signed but not yet billing leases. CyrusOne will also reimburse Zenium for capital expenditures between signing and closing. The two facilities in Frankfurt will be owned by CyrusOne, while the two facilities in London are leased with a remaining weighted average lease term of approximately 40 years, inclusive of renewal options.

Zenium has approximately $40 million in annualized contracted GAAP revenue, taking into account leases that are signed but not yet billing, excluding estimates for pass-through power, representing approximately $25 million in expected annualized Adjusted EBITDA. All signed contracts will have commenced by year-end 2018. Upon full buildout, the four properties will consist of more than 260,000 colocation square feet and 49.3 MW of power capacity. Approximately 54% of this power capacity, or 26.8 MW, is currently leased.

MW                                                  London     Frankfurt     Total

Total power capacity(1)                     22.6       26.7              49.3
Total power capacity leased                9.4        17.4               26.8
% leased                                             42%       65%              54%
Power capacity available for lease      13.2      9.3                22.5

(1)Represents critical load power capacity available for lease upon full buildout

“This transaction establishes a significant presence for us in Europe’s two largest data center markets and provides a platform to scale to meet the strong demand across the continent,” said Gary Wojtaszek, president and chief executive officer of CyrusOne. “The Zenium team is experienced and well-respected with particular expertise leasing to hyperscale companies, and they have built an outstanding, fast-growing company. The capacity for further growth at their existing locations remains substantial, allowing us to nearly double the size of their business, and we will be able to leverage the European infrastructure to expand within London and Frankfurt and into new markets in an efficient, cost-effective manner.”

Tuesday, December 19, 2017

CyrusOne builds a massive data center campus near Atlanta

CyrusOne unveiled plans to build a massive data center campus in Atlanta to serve its expanding customer base of hyperscale cloud providers and Fortune 1000 enterprise customers.

The new 44-acre campus is located in the Riverside West Industrial Park in the Atlanta suburb of Douglasville, Georgia. Upon full buildout, the site will include three data centers, with 440,000 square feet of data center space and 50 megawatts of critical power. CyrusOne expects to begin construction in Q1 2018 and complete the first data center building by summer. The data centers will have access to multiple cloud providers and will be linked to the CyrusOne National Internet Exchange (National IX), which delivers interconnection between other CyrusOne locations across the country. Customers will additionally have direct access to one of the largest fiber hubs in the United States.

Georgia Governor Nathan Deal welcome the project, valuing the direct investment at $200 million. The campus is projected to generate an additional $600 million in investments over time.

“Leadership in technology, financial services, manufacturing, education, and connectivity make Atlanta an especially attractive market for our cloud and enterprise customers,” said Tesh Durvasula, chief commercial officer, CyrusOne. “Atlanta’s diverse economy moves fast and CyrusOne operates in the same manner. Our new Douglasville site is an ideal location for companies fueling Atlanta’s growth to leverage CyrusOne’s state-of-the-art data center solution in this dynamic region.”

CyrusOne operates 44 data center facilities across the United States, Europe, and Asia.

Monday, October 30, 2017

CyrusOne sees strong demand in Q3 for data center services

CyrusOne reported strong demand in Q3 for its collocation data centers. Revenue in Q3 was $175 million, up 22% over a year earlier. There was a net loss of $55 million, primarily due to $54 million impairment charge for a facility in Connecticut.

Some highlights for the quarter:

  • Leased 15 megawatts (MW) and 151,000 colocation square feet (CSF) in the third quarter, totaling $27 million in annualized GAAP revenue
  • Backlog of $37 million in annualized GAAP revenue as of the end of the third quarter, representing more than $290 million in total contract value
  • Added five Fortune 1000 companies as new customers in the third quarter, increasing the total number of Fortune 1000 customers to 195 as of the end of the quarter
  • Company record construction with completion of eight projects totaling 555,000 CSF and 76 MW to add inventory across key markets, including Phoenix, Northern Virginia, Chicago, Dallas and San Antonio
  • Closed the previously announced acquisition of 66 acres of land in Allen, Texas, with an option to acquire an additional 24 acres of adjacent land, to support growth in the Dallas market
  • Subsequent to the end of the quarter, signed a commercial agreement with and made $100 million investment in GDS Holdings Limited (“GDS”), a leading data center provider in China, creating cross-selling opportunities and expanding our global presence.

“We had an outstanding quarter in virtually all aspects of our business, including high growth rates across our key financial metrics, continued strong bookings, and a record level of capacity brought online, which positions us well to meet the demand in our late-stage sales funnel across our top markets,” said Gary Wojtaszek, president and chief executive officer of CyrusOne.

Wednesday, April 12, 2017

Fujitsu Launches Cloud Service for CyrusOne

Fujitsu America announced the launch of secure global connectivity via its Fujitsu Cloud Service K5 offering to customers of CyrusOne, a global data centre operator serving the U.S., Europe and Asia, with K5 currently hosted at CyrusOne's Carrollton, Texas data centre.

Fujitsu Cloud Service K5, part of the ongoing global roll-out of its next-generation IaaS and PaaS cloud service, is claimed to be the first cloud computing platform to enable digital transformation through integrating traditional IT environments into new cloud-based technologies. The service is designed to accelerate application development and integrates enterprise-grade reliability, performance and scalability with the cost efficiency of open source-based cloud technology.

A key element of the Fujitsu Digital Business Platform MetaArc, K5 offers a suite of technologies designed to enable organisations to develop and deploy new cloud-native applications, termed Fast IT, or Systems of Engagement. K5 will also allow CyrusOne customers to leverage their traditional, Robust IT, installations, also termed Systems of Record, through integration into new cloud applications. The Fujitsu solution thereby enables organisations to utilise legacy systems while modernising IT environments.

CyrusOne customers can utilise K5 capabilities in the areas of application integration and development, as well as the wider capabilities of MetaArc to leverage automated multi-cloud delivery and management across all popular cloud platforms.

The Fujitsu MetaArc platform is designed to enable fast-track application development for the digitalisation of existing enterprise IT services, while accelerated release cycles will allow CyrusOne to more quickly test and launch new services. Through K5's open architecture and ability to run and manage workloads on any platform, with MetaArc new systems can run both within the public cloud and in an organisations IT environment.

As a result, leveraging the open source, OpenStack-based architecture of K5 CyrusOne will be able to reduce costs associated with its 35-plus carrier-neutral facilities, and enterprises will be able to reduce vendor lock-in.

Fujitsu's K5 service is available with four delivery models - public cloud, virtual private hosted, dedicated and dedicated on-premise – and applies the same approach across all versions.


Fujitsu noted that it is currently implementing the solution to transition its internal IT environment and migrating its 640 business systems and 13,000-plus servers to K5.

http://www.fujitsu.com/us/about/resources/news/press-releases/2017/fai-20170411.html




Wednesday, February 8, 2017

CyrusOne Buys Two Data Centers for $490 Million

CyrusOne will acquire two enterprise-class data centers from Sentinel Data Centers for $490 million. The facilities are located in Raleigh-Durham, North Carolina and Somerset, New Jersey.

In 2016, the two data centers generated revenue of nearly $50 million. As of December 31, 2016, the two properties consisted of more than 160,000 colocation square feet and approximately 21 MW of power capacity, with nearly 85% of the power capacity leased.

"We are very excited about this transaction, which establishes a presence for us in the Southeast, adds a high quality portfolio of large enterprise customers, and features an attractive long-term lease profile," said Gary Wojtaszek, president and chief executive officer of CyrusOne. "We respect the work of the Sentinel founders. Their focus on great facilities and personalized customer service matches ours. The transaction is expected to be immediately accretive and provides significant opportunities to grow the combined business and create value for our shareholders."

http://www.cyrusone.com

Saturday, December 10, 2016

CyrusOne Breaks Ground on Huge Data Center in Sterling, Virginia

CyrusOne broke ground on a 654,000 square foot data center in Sterling, Virginia -- its fifth data center in the Northern Virginia market.

CyrusOne said its new data center will have direct access to one of the largest fiber hubs in the United States as well as offer interconnectivity to the CyrusOne National Internet Exchange (IX) to reach other CyrusOne locations across the country.

“The start of construction on the Northern Virginia Sterling V data center is another major milestone for CyrusOne,” said Kevin Timmons, chief technology officer, CyrusOne. “Our rapid expansion in Northern Virginia is indicative of the growing need for our hyper-speed and hyper-scalable data center solutions. We pride ourselves on building large scale data centers at record speeds and look forward to expanding our services quickly while also continuing to make major investments in Loudon County.”

http://www.cyrusone.com

Tuesday, October 4, 2016

CyrusOne Adds to its Phoenix Data Center Campus

CyrusOne announced the second expansion to its Phoenix data center campus this year.  The company has just completed a new data hall built into an existing shell that provides an additional 32,000 colocation square feet (CSF) and six megawatts of power to the campus.

“We continue to build on our momentum in Phoenix to meet the hyper-speed, hyper-scale demands of our cloud, internet and enterprise customers,” said John Hatem, executive vice president of design, construction and operations, CyrusOne. “As CyrusOne’s largest data center campus, the Phoenix campus is well positioned to support continued demands for growth and scalability. Our Massively Modular engineering approach and industry-leading supply chain efficiencies enable us to help customers scale with just-in-time delivery of new infrastructure.”

http://www.CyrusOne.com

See also