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

Wednesday, July 29, 2020

CyrusOne says data center leasing market remains strong

CyrusOne reported revenue of $256.4 million for the second quarter, compared to $251.5 million for the same period in 2019, an increase of 2%. The increase in revenue was driven primarily by a 7% increase in occupied CSF, lease termination fees totaling $3.0 million, and additional interconnection services, partially offset by the impact of equipment sales and rent churn. Revenue in the second quarter of 2020 included $6.9 million of equipment sales, compared to $17.1 million of equipment sales for the same period in 2019. Net income was $45.0 million for the second quarter, compared to net loss of $(8.5) million in the same period in 2019.

“We had another very strong leasing quarter with broad demand across our markets in the U.S. and Europe, and the nearly $100 million revenue backlog positions us well for growth in 2021 and beyond,” said Bruce Duncan, president and chief executive officer of CyrusOne. “We also continue to strengthen our balance sheet, and our $1.5 billion in available liquidity, including more than $400 million in forward equity, gives us significant capacity to fund our development pipeline while managing our leverage.”

Some highlights:

  • Leased 22 megawatts   and 150,000 colocation square feet (CSF) in the second quarter, totaling $37 million in annualized GAAP revenue
  • Balanced geographical mix with 51% of annualized GAAP revenue totaling $19 million signed across European markets, includes exercise of previously disclosed (in 3Q'19) paid reservation for 4.5 MW totaling approximately $5.5 million in annualized GAAP revenue
  • Backlog of $97 million in annualized GAAP revenue as of the end of the second quarter, the highest quarter-end backlog in the company’s history, representing approximately $710 million in total contract value
  • During Q2, CyrusOne completed construction on 212,000 CSF and 27 MW of power capacity in San Antonio, Phoenix, Northern Virginia, and London. 
  • Percentage CSF leased as of the end of the second quarter was 88% for stabilized properties8 and 83% overall. 
  • CyrusOne has development projects underway in Frankfurt, Dublin, London, Northern Virginia, San Antonio, the New York Metro area, and Council Bluffs (IA) that are expected to add approximately 336,000 CSF and 82 MW of power capacity plus 337,000 square feet of powered shell.


Monday, June 29, 2020

CyrusOne appoints Bruce W. Duncan as CEO

CyrusOne appointed Bruce W. Duncan as its new President & CEO and as a member of the Board of Directors, effective July 6, 2020, replacing Tesh Durvasula, who has served as CyrusOne’s interim CEO since February 20, 2020.

Duncan has more than 40 years of diverse real estate management, development, and global investment experience across numerous property types. He has served as CEO and Director of multiple public companies: Cadillac Fairview Corporation, Equity Residential, Starwood Hotels & Resorts Worldwide, Inc., and First Industrial Realty Trust, Inc. He currently serves as Chair of the Board of First Industrial Realty Trust, Inc. and serves on the Boards of Marriott International Inc. and Boston Properties, Inc.

Mr. Duncan said, “I am excited to join CyrusOne, one of the top performing REITs since its inception, to help lead the company’s global expansion and deepen our partnerships with an incredible roster of customers. CyrusOne is an industry leader because of an extraordinary team of professionals who are passionate about developing innovative solutions to support the significant demand for data center infrastructure. I look forward to joining the Company and being a part of its continued success.”

CyrusOne's CEO steps down

CyrusOne has appointed Tesh Durvasula as interim President & Chief Executive Officer following the resignation of Gary Wojtaszek stepping down as President & Chief Executive Officer, and as a director of the company, by mutual agreement with the Board of Directors.

Alex Shumate, Chairman of the CyrusOne Board, said, “On behalf of the entire Board, I would like to thank and recognize Gary Wojtaszek for his strong leadership and vision that has enabled CyrusOne to become one of the largest and most successful data center companies in the world. Under Gary’s leadership, the company has grown to nearly $1 billion in revenue, expanded into Europe, Asia and Latin America, achieved an investment grade credit rating, and had a stock price that outperformed its public data center peers, as well as bot

Wednesday, April 29, 2020

CyrusOne reports strong data center leasing trends, especially in Europe

CyrusOne reported revenue of $245.9 million for the first quarter, compared to $225.0 million for the same period in 2019, an increase of 9%. The increase in revenue was driven primarily by a 5% increase in occupied CSF and additional interconnection services. Net income was $14.7 million for the first quarter, compared to net income of $89.4 million in the same period in 2019. Net income for the first quarter included a $14.7 million gain on the Company’s equity investment in GDS, a leading data center provider in China, compared to a $101.2 million gain in the first quarter of 2019.

“We had very strong financial and operational performance in the quarter, with high growth across key metrics and the second highest leasing total in the company’s history, including a significant contribution from Europe as demand for larger deployments there continues to accelerate. The nearly $90 million revenue backlog enhances our growth profile, and the company is very well positioned with a strong balance sheet, substantial liquidity including available forward equity, and capacity throughout our markets,” stated Tesh Durvasula, interim president and chief executive officer of CyrusOne.

Some highlights:

  • Leased 44 megawatts (“MW”) and 289,000 colocation square feet (“CSF”) in the first quarter, totaling $60 million in annualized GAAP revenue, the second-highest quarterly total in the company’s history
  • Leased 31.5 MW totaling $38 million in annualized GAAP revenue across European locations, with 9 MW totaling $12.5 million in annualized GAAP revenue expected to commence this year, reflecting continued strong demand growth in these markets from U.S. hyperscale companies
  • Backlog of $88 million in annualized GAAP revenue as of the end of the first quarter, the highest quarter-end backlog in the company’s history, representing approximately $610 million in total contract value

Monday, March 23, 2020

CyrusOne announces net positive water data center

CyrusOne announced that its flagship facility in Chandler, Arizona is the first data center to be net positive in its water usage.

The CyrusOne Chandler data center incorporates proprietary technology that reduces water usage onsite and will dramatically reduce company-wide water usage by millions of gallons per year.

Through a partnership with the Bonneville Environmental Foundation’s Change the Course program, the Chandler campus promises restoration to nearby watersheds.

“We know that the data centers we build today will serve our customers for decades, therefore, it is important that we continue to innovate and invest in design features to set the course for a sustainable future,” said Kyle Myers, Director of Environmental Health, Safety and Sustainability at CyrusOne. "As far as we can tell, this is the first net water positive data center in the world, and we hope it will set a precedent for water sustainability standards and the future of data centers.”

“Addressing water scarcity will require us to not only reduce consumptive water use but also restore water to nature,” said Val Fishman, Chief Development Officer at BEF. “We’re excited to have CyrusOne on board as a leader and partner helping to keep water in Arizona rivers during times of water stress. Through Change the Course, CyrusOne is supporting innovative projects that help farmers switch to more efficient irrigation methods and restore water flows to the region.”

Thursday, December 5, 2019

CyrusOne hit by ransomware attack

CyrusOne was hit by a ransomware attack impacting at least six of its data center colocation managed services customers.

In a statement, CyrusOne said its working to restore availability after a ransomware program encrypted certain devices. The customers are primarily serviced by CyrusOne’s New York Data Center.

CyrusOne’s data center colocation services, including IX and IP Network Services, are not involved in this incident.

CyrusOne said it is working closely with third-party experts and legal authorities to address this matter.

https://cyrusone.com/

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.